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.”
 
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 167th 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

Kate Rush | Bangor Savings Bank
207.974.4189
Kate.Rush@bangor.com