Bangor Savings Bank Ranked #2 in the U.S. On Forbes’ “World’s Best Bank” List

May 10, 2021
Bangor, ME: Bangor Savings Bank has been ranked the second-best bank in the United States by Forbes in its annual “World’s Best Banks” list, an honor that reflects the Bank’s You Matter More promise and commitment to the communities it serves. This is the third consecutive year Maine’s biggest bank has been recognized by Forbes, jumping seven spots from last year.

“We are deeply honored to be recognized again as one of the World’s Best Banks by Forbes,” said Bangor Savings Bank President and CEO Bob Montgomery-Rice. “This year especially, given the unprecedented challenges and economic uncertainty brought on by the pandemic, we are grateful for the unwavering support and trust of our customers and communities.”

Now in its third year, Forbes partnered with market research firm Statista to produce its 2021 “World’s Best Banks” rankings. More than 43,000 customers around the globe were surveyed for their opinions on their current and former banking relationships. The best banks in 28 different countries were ranked by overall recommendation and satisfaction, and key attributes like trust, fees, digital services and financial advice.
Bangor Savings Bank was ranked #22 on Forbes’ inaugural “World’s Best Banks” list in 2019 and soared to number nine in 2020 before being named as runner-up in the U.S. in 2021.

“This recognition is a testament to our dedicated employees who worked to accommodate our customers’ changing needs and circumstances, all while providing the same outstanding experience we’ve been known for throughout our 169-year history,” Montgomery-Rice added.

Amid a crisis-stricken year, Bangor Savings Bank leveraged its capabilities and resiliency to support individual and business customers by providing a variety of solutions and accommodations depending on the customer's situation. As one of the leading lenders for the Small Business Administration in Northern New England, the Bank served as a critical delivery system for government relief programs. To ensure every business impacted by COVID-19 had access to the third round of Paycheck Protection Program funds, the Bank proactively reached out to business owners in underserved markets in Maine and New Hampshire that may have been left out of the first two rounds.

These actions reflect the key role Bangor Savings Bank has played and will continue to play, in helping drive economic vitality in Northern New England during the pandemic and beyond.

View the complete list of World’s Best Banks and learn more about Forbes’ scoring methodology and ranking conditions here.
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