Bangor Savings Bank Opens New Hampshire Business Office

July 27, 2017
For More Information:
Joyce Clark Sarnacki
Executive Vice President
(207) 944-4174

PORTSMOUTH, New Hampshire – Bangor Savings Bank has expanded its footprint outside Maine for the first time with the announcement this week that it is opening a loan production office in Portsmouth, New Hampshire.

The move into New Hampshire follows a decade of strong growth in Maine’s York and Cumberland Counties. The bank has 16 locations in southernmost Maine, and 54 throughout the state.

“We look forward to bringing the same high-quality personal and business lending services and products to the Portsmouth region as we have provided to Mainers for over 165 years,” said Bangor Savings President and CEO Bob Montgomery-Rice.

On Thursday, Montgomery-Rice, other bank executives, and members of the Portsmouth community attended a celebration of the announcement at Portsmouth’s 100 Club.

The new office, located at 36 Maplewood Avenue, will include a team of commercial and mortgage lenders, with additional staff to follow as necessary. The bank plans to expand the office’s business services to include payroll and merchant offerings after it receives the required regulatory approvals.

Bangor Savings Bank was founded in Bangor, Maine, in 1852 and is one of Maine’s largest independent banks. The bank has 800 employees, and has had 16 consecutive years of earnings growth, with a record net income of nearly $25 million in fiscal year ending March 31, 2017.
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.

Media Contact

Jaclyn Fish | Bangor Savings Bank