Government Banking

Bangor Savings Bank offers a variety of banking products1 and solutions to our public entities in Maine and New Hampshire. Our knowledgeable team is here to assist you — your city, town, school, water or sewer district, and all other public entities — find solutions for your everyday banking needs that help maximize cash flow, increase automation, and manage risk.

Built for businesses with more complex needs.

For eligible businesses and Corporate Services clients. Our basic account starts with a minimum opening balance of only $100. Account analysis statement outlines monthly earnings credit applied to your daily balance to reduce or eliminate your monthly charges associated with your selected products and services.

For eligible government and not-for-profit entities. Just $100 gets you started. Interest is compounded daily.

Higher potential interest for 501(c)s.

This account is available to nonprofit organizations that operate primarily for religious, philanthropic, charitable, educational, political or other similar purposes as long as the entity is legitimate and registered with the IRS as a nonprofit organization. Just $100 gets you started. (Organizations described in 501(c)(3) through (13), and (19) of the IRS Code and political organizations described in section 527 of the IRS Code.)

Raise your return on available balances and eliminate manual transfers between accounts. Excess checking balances will be automatically swept into an investment vehicle to maximize your earning potential while being collateralized by government securities.

Tax Exempt Financing

Short-term, tax-exempt financing to municipalities, School Districts, water/sewer districts, and other qualified tax-exempt entities to meet cash flow needs in anticipation of tax or other revenues and general obligation bond financing.

People engaged in business

Business Investments with FDIC Protection

Bangor Savings Bank is a member of the Promontory Interfinancial Network, which allows us to offer FDIC insurance on deposits up to several million dollars with our Certificate of Deposit Account Registry Services (CDARS) and Insured Cash Sweep (ICS) offerings.

Contact Our Corporate Services Team

Simply call or email the Corporate Services Team to discuss your needs.

Call 1.888.276.8723

Email Corporate Services