Dear Corporators, Customers, Employees, and Friends, 

173 years since our founding, Bangor Savings Bank has endured and evolved to become more than a bank for our employees, customers, and communities. Our nature as a mutual bank, combined with our creative and collaborative culture and passion for innovation, has allowed us to redefine what a community bank can and should be for our neighbors throughout Northern New England.

Our ability to meet our customers where they are has strengthened relationships across all facets of the organization, deepening our connections as a trusted partner.  As a result, we’ve continued to grow the Bank in key ways while continuing to strategically manage our balance sheet in this post-COVID economy.  Last year, the Bank’s total loan production was $1.2 billion, bringing the total for the last five years to over $9 billion. We also expanded our customer base, welcoming nearly 23,000 new customers, with over 35,000 customer deposit accounts, including 6,000 business accounts.

Despite numerous economic challenges, the Bank maintained steady earnings and introduced many initiatives focused on helping our employees, customers, and communities thrive. Ongoing training and development, fostered by strategic partnerships with innovative peers, ensures that our award-winning team continues to set the standard for banking excellence today and well into the future.

We are proud to actively engage with and invest in our communities through corporate giving, The Bangor Savings Bank Foundation, and enthusiastic employee-led volunteerism. At a time when our communities need a helping hand more than ever, we are committed to doing more, whenever and wherever we can. 

To those we work with, our advocates, supporters, customers, and neighbors, we thank you —our success reflects the quality of the relationships that make us more than a bank.

Sincerely,

Gena R. Canning, Chair of the Board & Robert S. Montgomery-Rice, President and Chief Executive Officer