Bangor Savings Bank Joins FAME Program to Provide Student Loans, Refinancing/Consolidation

July 28, 2017
For More Information:
Carol Colson
Bangor Savings Bank
(207) 990-6465
carol.colson@bangor.com

 BANGOR, Maine – Bangor Savings Bank is the newest partner in the Finance Authority of Maine’s network of local lenders providing private student loans and education debt refinancing/consolidation.

As a member of the Maine Private Education Loan Network, Bangor Savings Bank now offers a private student loan for undergraduate and graduate students, and an education refinancing/consolidation loan. Both loans are available to individuals with a Maine connection. For eligibility requirements, please go to www.bangor.com/education-loans.

Bangor Savings can refinance both federal and private student debt as well as some Federal PLUS loans. The bank’s private student loans are insured by the Finance Authority of Maine and require that the borrower has good credit and the ability to repay the loan. The bank is offering both variable and fixed rate pricing options for the refinance/consolidation loans.

“We want to help more Mainers realize the dream of earning an undergraduate or advanced degree, and ease the financial burden many college students face as they begin their careers,” said Bangor Savings Bank President and CEO Bob MontgomeryRice.

Maine is lucky to have local student loan options, including these that are backed by the state. Many people who need to borrow private student loans or refinance/consolidate have been doing so through national lenders. Learn more about the new Bangor Savings student loans and how to apply for one at www.bangor.com/education-loans or call Bangor Support at 1-877-226-4671.
About Us

Bangor Savings Bank, with more than $4 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 166th year with 58 branches in Maine and New Hampshire and on the Web at www.bangor.com. The Bangor Savings Bank Foundation was created in 1997. Together the Bank and its Foundation invested more than $2 million into the community in the form of nonprofit sponsorships, grants and partnership initiatives last year. Bangor Savings Bank is an equal opportunity employer.

Media Contact

Carol Colson | Bangor Savings Bank
207.990.6465
Carol.Colson@bangor.com