Bangor Savings Bank Celebrates 6th Year as Top Maine SBA Lender

June 14, 2017
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Lisa Bird
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(207) 974-4163

 BANGOR, Maine – Bangor Savings Bank recently celebrated its sixth consecutive honor as Maine’s top Small Business Administration (SBA) lender at a gathering in Portland.

The event at Isa Bistro was attended by local business owners, SBA loan recipients, and Bangor Savings Bank employees and partners. Bank President and CEO Bob Montgomery-Rice, interim Portland Regional Chamber of Commerce CEO Quincy Hentzel, Isa Bistro Owner Suzie St. Pierre, and Amy Bassett, U.S. Small Business Administration Maine District Office District Director spoke at the event.

Bangor Savings Bank provided $14.5 million in SBA loans to 79 new or existing businesses in 2016. Since 2011, the bank has loaned $64.2 million to more than 420 Maine small businesses. Over the last five years, the Bank has pumped more than $4.5 billion in new loans into the Maine economy, including more than $1.9 billion in new business loans.

According to the SBA, there are more than 140,000 small businesses in Maine, and 42 percent of Maine workers are employed by businesses with fewer than 100 employees.

“Small businesses truly are the backbone of Maine’s economy, and our SBA lending team enjoys working with existing and start-up businesses to help achieve their goals,” said Bob Montgomery-Rice.
About Us

Bangor Savings Bank, with more than $6 billion in assets, offers retail banking to consumers as well as comprehensive commercial, corporate, payroll administration, merchant services, and small business banking services to businesses. The Bank, founded in 1852, is in its 169th year with more than 60 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 have invested more than $3.4 million into the community in the form of sponsorships, grants, and partnership initiatives last year. Bangor Savings Bank is an equal opportunity employer and can be found on the Web at Member FDIC.

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Jaclyn Fish | Bangor Savings Bank