Community Investment
Over the past year, Bangor Savings Bank and The Bangor Savings Bank Foundation continued to invest in the strength and vitality of Northern New England. Through approximately $3 million in sponsorships, grants, and partnership initiatives, we supported community-led efforts focused on education, health and wellness services, and essential social services.
A portion of this investment also supported community development priorities aligned with our Community Reinvestment Act (CRA) strategy, including affordable housing, economic and workforce stability, and financial mobility.
Our commitment extends beyond financial support. Employees across the Bank volunteered thousands of hours with local nonprofits and community organizations, reflecting a shared belief that positive impact comes from being present, engaged, and invested.
At Bangor Savings Bank, community engagement is rooted in long-term relationships and local stewardship, reinforcing our role as a trusted partner in the communities we serve.
6,700+
Employee Volunteer Hours in FY26
YMCA Project - Bangor, ME
The Bangor Region YMCA is constructing the new Cathy Gero Bangor Region YMCA facility, expanding access to childcare, health, and wellness programs for people of all ages. The Bangor Savings Bank Foundation’s multi-year grant has played a meaningful role in supporting this transformational community project. Groundbreaking occurred in September 2025, and when the facility opens, it will address urgent regional needs by doubling childcare capacity, introducing critically needed infant care, and expanding programs that strengthen workforce stability and community wellbeing.
Community Reinvestment
Bangor Savings Bank advances community strength through a focused Community Reinvestment Act (CRA) strategy centered on engagement and leading with purpose-driven values in our community investments. Through close collaboration with community partners, nonprofit organizations, developers, and municipalities, we deliver financial solutions that support inclusive, long-term growth across Northern New England.
During the past year, the Bank originated approximately $138.6 million in community development lending, including $28.3 million supporting 17 affordable housing projects and organizations. We also leveraged public resources to expand impact, securing $2.5 million in affordable housing grants for borrowers and investing $6 million in Low-Income Housing Tax Credits (LIHTC), helping support approximately 182 affordable housing units across the region.
In addition, our CRA efforts supported small businesses, nonprofit organizations, and first-time homebuyers through financing, education, and partnerships that expanded access and opportunity. Together, these investments reflect our ongoing commitment to building strong, resilient communities.
$28.3 Million
Supporting Affordable Housing Projects in FY26
Developers Collaborative
“Bangor Savings Bank has been a true partner throughout this entire redevelopment project for the historic Central Fire Station in Brunswick. Even as the project evolved and timelines shifted, they stayed committed and focused every step of the way. They brought a level of sophistication you’d expect from a larger institution, but with the care and flexibility of a community bank. Bangor Savings Bank understands and recognizes the impact this project will have on local businesses, affordable housing, and the community as a whole.”
Michael D. Lyne, Director of Commercial Real Estate
Developers Collaborative
Portland, ME