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Bangor Savings Bank to Consolidate Two Branches
July 31, 2019
BANGOR, Maine – In an effort to respond to ever-changing customer needs and trends, Bangor Savings Bank has begun the process of consolidating branches in Monmouth and Dixfield into nearby branches. All employees at each branch will be retained and offered comparable positions at another Bangor Savings location. The bank notified all customers of the two branches by mail this week.
Bangor Savings anticipates the consolidations to be completed by the end of November, subject to regulatory approvals. The Dixfield branch is located just five miles from Bangor Savings Bank’s Rumford branch, offering customers a convenient alternative. Customers of the Monmouth location have several proximate branches, including locations in Augusta and Lewiston, as well as the bank’s new Auburn branch set to open by the end of the year.
“A decision like this – one that impacts employees, customers and communities – isn’t one we take lightly,” said Bangor Savings Bank President and CEO Bob Montgomery-Rice. “It requires extensive analysis and thoughtful consideration. We are continuing to grow, in Maine and beyond. This kind of change often happens in the midst of growth. We truly value our employees in Dixfield and Monmouth and are glad they will continue serving customers at other locations.”