Government Banking

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

Business/Government Checking with Analysis

Built for businesses with more complex needs.

For eligible businesses and cash management clients. Our basic account starts with a minimum opening balance of only $100. Earnings credit on your daily balance to reduce or eliminate your monthly fees. Check images provided. Account analysis outlines monthly earning credit and fees.
Business Checking/Government with Interest
For eligible government and not-for-profit entities. Just $100 gets you started. Interest is compounded daily.
Community Complete with Interest

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 and political organizations described in section 527 of the IRS Code.)


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. Promontory Interfinancial Network was founded in 2002 by leading figures in the banking industry to provide financial institutions with profit-enhancing solutions. Today, The Promontory Network includes approximately 3,000 members nationwide and is the leading provider of FDIC-insured deposit placement services.

Enjoy peace of mind by using deposit options eligible for the following:

•       Earn interest on excess operating balances

•       Receive full FDIC coverage up to several million dollars

•       Flexible terms to meet obligations

•       Save time by working directly with one bank

•       Monthly statement provides reporting of balances and FDIC allocation

•       No account or transaction fees

Insured Cash Sweep (ICS)
ICS is a money market account. Funds in the ICS can be accessed through withdrawals up to six times per month.  Reporting is available daily online and monthly via statements. 

Certificate of Deposit Account Registry Services (CDARS)
CDARS are structured very much like certificates of deposits. Your large deposit would be broken into smaller amounts and placed as CDs with other banks in the CDARS network, so that your entire investment is eligible for FDIC insurance. 

To learn more about our government products and what may fit your needs best, call our Cash Management Team at 1.888.276.8723.

Tax-Exempt Financing
Short-term, tax-exempt financing to municipalities, S.A.D.s, water/sewer districts, and other qualified tax-exempt entities to meet cash flow needs in anticipation of tax revenues and bond financing.