Published on : 6/22/2026
2026 Annual Report Highlights $7.4 Billion in Assets and Ongoing Community Investment
BANGOR, ME (June 22, 2026): Bangor Savings Bank today released its Fiscal Year 2026 (FY2026) Annual Report, highlighting strong performance and continued investment across Northern New England.
Reflecting its 2026 theme, Built on Trust, Bangor Bancorp, MHC, and its subsidiary, Bangor Savings Bank, delivered results that reinforce the strength of its mutual business model and the relationships that shape it. As the organization grew its lending portfolio and comprehensive offerings across wealth management, payroll, and merchant solutions, it remained grounded in its purpose: serving as a reliable, relationship-driven financial partner.
Key performance highlights include:
- $30.2 million in net income
- $7.4 billion in total assets
- $1.6 billion in total loan production
- $144 million in non-interest income
- More than 18,000 new customers and 29,000 deposit accounts opened
“These results reflect the strength of our organization and the trust our customers and communities place in us,” said Bob Montgomery-Rice, President and CEO of Bangor Savings Bank. “We remain grounded in our purpose, being a reliable partner to our customers, supporting local businesses and nonprofits, and investing in our people so we can continue to show up in meaningful ways for the communities we serve.”
The Annual Report was presented at the Annual Meeting of Corporators.
National and Regional Recognition Reflects Consistent Customer and Employee Experience
Bangor Savings Bank’s emphasis on supporting employees, building strong customer relationships, and investing in its communities continues to earn regional and national recognition.
In FY26, Bangor Savings Bank ranked highest in customer satisfaction in New England in the J.D. Power 2026 U.S. Retail Banking Satisfaction StudySM for the ninth consecutive year and was named to Forbes’ World’s Best Banks list for the eighth consecutive year, ranking #17 in the U.S. The Bank was also inducted into the BusinessNH Magazine Best Companies to Work For Hall of Fame, named Best Regional Bank for Small Business in NH Business Review’s 2026 BOB Awards.
More than $130 Million in Community Development Lending Supports Housing and Economic Growth
Rooted in its mutual structure, Bangor Savings Bank invests in the communities it serves, guided by its You Matter More® promise. In FY26, the Bank continued to support community development through:
- $138.6 million in community development lending, $28.3 million of which supported 17 affordable housing projects and organizations
- $6 million in Low-Income Housing Tax Credits supported 182 affordable housing units across the region
- $2.5 million in affordable housing grants for borrowers
- $3 million in sponsorships, grants, and charitable donations
- $711 million in residential mortgage loans
- Continued leadership as Maine’s top USDA Rural Development Lender and MaineHousing’s #1 Top Lender.
Financial Wellness and Credit-Building Tools Support Customers at Every Stage
Building on its focus on financial wellness, Bangor Savings Bank continued to expand support for customers across their financial journey.
In FY26, the Bank strengthened this work through partnerships with schools, nonprofits, and workforce programs, while enhancing its Your Financial Wellness Journey platform with self-guided tools and resources.
These efforts are complemented by solutions such as the everblue® Credit Building Credit Card and financial wellness programming delivered by trained employees, helping individuals build financial confidence and navigate everyday decisions, and plan for the future with greater certainty.
Small Business Administration (SBA) Lending Supports New Businesses and Strengthens Local Economies
For businesses across Northern New England, Bangor Savings Bank continues to support growth and stability. In FY26, SBA-backed lending helped launch 17 new businesses, contributing to job creation and retention across the region.
The Bank also broadened its offering through Bangor Payroll®, now serving over 5,000 clients, and Merchant Solutions, which processes approximately $1.3 billion in transaction volume, strengthening its position as a comprehensive partner to businesses.
Investments in Workforce and Technology Position the Bank for the Future
Ongoing investments in workforce development, technology, and data are shaping Bangor Savings Bank’s operating approach: strengthening employee expertise and the customer experience.
Through initiatives such as Accelerating Insights, developed in partnership with Northeastern University’s Roux Institute, the Bank is building internal capabilities in data fluency and emerging technologies, while helping employees adapt to a rapidly evolving financial landscape. This work is grounded in a responsible and ethical approach to Artificial Intelligence (AI), with strong governance and a commitment to keeping people at the center, positioning the Bank to better serve customers today and into the future.
For more information on FY26 results, please see the full Annual Report here.
About Bangor Savings Bank
Bangor Savings Bank, with over $7 billion in assets, offers retail, business, and comprehensive commercial banking, cash management solutions, payroll services, and merchant solutions. Wealth management, investment, and financial planning services are offered through Bangor Wealth Management, a division of Bangor Savings Bank, and Bangor Wealth Management of New Hampshire, LLC, a New Hampshire trust company and wholly-owned subsidiary of Bangor Savings Bank. Investment information can be found at https://www.bangor.com/wealth/.
Headquartered in Bangor, Maine, the Bank was founded in 1852 and is in its 174th year, and currently has 69 branches in Maine and New Hampshire and business and/or loan production offices in Maine, New Hampshire, and Massachusetts. Bangor Savings Bank and The Bangor Savings Bank Foundation invested more than $3 million into the region through sponsorships, grants, and partnership initiatives last year. Bangor Savings Bank is an equal-opportunity employer. To learn more, please visit us at www.bangor.com. Member FDIC | 
Equal Housing Lender.
Wealth Management Products: Not FDIC Insured | No Bank Guarantee | May Lose Value. Neither Bangor Savings Bank nor its affiliates offer tax, accounting, or legal services.
Media Contact:
Jaclyn Fish
Bangor Savings Bank
Jaclyn.Fish@bangor.com