January 9, 2020

Bangor Savings Bank approves new branches, including one in Windham

The board of directors of Bangor Savings Bank recently approved the construction of branch offices in Maine and New Hampshire, according to bank President and CEO, Bob Montgomery-Rice.

Bangor Savings Bank plans to build full-service branches at 745 Roosevelt Trail in Windham, Maine, and at 999 Elm Street in Manchester, New Hampshire. It will be the first Bangor Savings site for each community. Construction will begin pending municipal approvals. The Manchester branch has a projected opening date in the fall of 2020, while the Windham branch is expected to be operational by early 2021.

The Windham Bangor Savings branch will offer consumer and commercial banking services, along
with mortgage, payroll, and merchant services. The new office will be built on the existing Cross Insurance location and will be jointly shared by both Bangor Savings and Cross Insurance at the corner or Routes 115 and 302. The branch will have a drive-up teller and ATM and will employ approximately 10 people.

“We are excited to continue our commitment to serving communities in Maine. This new location, in particular, is in response to customers and employees who have requested a BSB Windham branch for some time,” said Montgomery-Rice. “I am so pleased with this location and look forward to engaging with and supporting the Windham community.”  

The Manchester branch will be built at a downtown space that has recently been the site of restaurants. The walk-up location will offer consumer and commercial banking services, along with mortgage, payroll, and merchant services. It will have an ATM and approximately 10 employees. 

When the Manchester location opens it will be the bank’s seventh branch in New Hampshire.

“We have really enjoyed getting to know and serve New Hampshire customers through our existing locations in Portsmouth, Concord, Amherst, and Colebrook,” added Montgomery-Rice. “Having a presence in Manchester, the state’s largest city, is an important next step in supporting our customers, new and existing, as well as the broader community.”

Bangor Savings recently announced plans to merge with Maine-based Damariscotta Bank & Trust which will add six branch offices for Bangor Savings in mid-coast Maine. Bangor Savings has 57 branches and more than 950 employees in New England and has been recognized by its customers as the region’s top-rated bank four out of the last five years in the J.D. Power and Associates Retail Banking Satisfaction StudySM. Learn more about the bank at www.bangor.com.

About Bangor Savings Bank
Bangor Savings Bank, with more than $4.4 billion in assets, offers retail banking to consumers as well as comprehensive payroll administration, merchant services, commercial, corporate, and small business banking services to businesses. The Bank, founded in 1852, is in its 167th year with 57 branches in Maine and New Hampshire, and online at www.bangor.com. The Bangor Savings Bank Foundation was created in 1997. Together the Bank and its Foundation invested more than $2 million into the community in the form of nonprofit sponsorships, grants and partnership initiatives last year. Bangor Savings Bank is an equal opportunity employer.

No comments:

Post a Comment