The Global Transition away from LIBOR

The London Interbank Offered Rate (LIBOR), is considered one of the most important interest rates in the financial market, and it is scheduled to begin phasing out at the end of 2021. We understand that there is a lot of information and uncertainty about the transition away from LIBOR, including how this transition may impact you. We are here to help you navigate your options. Stay up to date on the latest developments of this transition through the links provided below.

The information made publicly available on these pages is for informational purposes only and does not constitute legal, accounting, tax, or other professional advice.

Recent Announcements

Up to date news and announcements as it relates to LIBOR transition.

Residential Mortgages

Bangor Savings Bank customers with an existing residential Adjustable Rate Mortgage (ARM), that has a term extending beyond 2023, may be impacted by the LIBOR transition.

Helpful Links

A resource section with helpful links to updated information.

Frequently Asked Questions

Answers to the most asked questions as it relates to this transition.