Bangor Savings Bank
Bangor, Maine, Penobscot County
$7.7B in total assets, the 207th largest of 4,309 US banks and 1st of 22 headquartered in Maine.
- FDIC certificate
- 18408
- Established
- 1852
- Owned by
- Bangor Bcorp Mhc
- Primary regulator
- FDIC
- Website
- www.bangor.com
At a glance
Compared with 14 banks headquartered in Maine with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $7.7B | 98% | $2.2B | |
| Loans | $5.2B | 98% | $1.7B | |
| Deposits | $5.7B | 98% | $1.6B | |
| Return on assets | 0.52% | 7% | 1.10% | |
| Net interest margin | 2.98% | 14% | 3.52% | |
| Efficiency ratio | 83.0% | 93% | 67.2% | |
| Equity to assets | 6.97% | 2% | 10.78% | |
| Loans to deposits | 92% | 21% | 104% |
Growth
Total assets grew 3.8% a year over the last 5 years and 8.4% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2020 | Damariscotta Bank & Trust Co. Damariscotta, ME | $209M |
| Apr 2018 | Granite Bank Colebrook, NH | $240M |
| Jul 2007 | Pepperell Bank & Trust Biddeford, ME | $100M |
| Oct 1981 | Houlton Savings Bank Houlton, ME | n/a |
| Apr 1977 | Eastport Savings Bank Eastport, ME | n/a |
| Aug 1976 | Piscataquis Savings Bank Dover-Foxcroft, ME | n/a |
Where they operate
71 branches in 19 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Penobscot County, ME | $2.2B | 45.4% | 1 of 9 |
| Cumberland County, ME | $1.0B | 6.4% | 6 of 19 |
| Kennebec County, ME | $316M | 10.2% | 4 of 8 |
| York County, ME | $278M | 4.8% | 7 of 13 |
| Waldo County, ME | $260M | 45.9% | 1 of 4 |
| Somerset County, ME | $221M | 28.2% | 2 of 5 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 12 branches since 2016 (59 to 71, +20.3%). 16 opened, 9 acquired, 13 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 59 | |||
| 2016 | Opened 3 in MaineClosed 6 in Maine | 3 | 6 | −3 | 56 |
| 2017 | Opened AugustaClosed Augusta | 1 | 1 | 0 | 56 |
| 2018 | Acquired Granite BankOpened Pittsfield and Portsmouth, closed Bangor and Pittsfield | 6 | 2 | +4 | 60 |
| 2019 | Opened AuburnClosed 3 in Maine | 1 | 3 | −2 | 58 |
| 2020 | Acquired Damariscotta Bank & Trust Co.Opened Bangor | 6 | 0 | +6 | 64 |
| 2021 | Opened 3 in 2 states | 3 | 0 | +3 | 67 |
| 2022 | Opened Boothbay Harbor | 1 | 0 | +1 | 68 |
| 2023 | Opened Bar Harbor and Manchester | 2 | 0 | +2 | 70 |
| 2024 | Opened Kennebunk | 1 | 0 | +1 | 71 |
| 2025 | Opened Derry | 1 | 0 | +1 | 72 |
| 2026 through Q2 | Closed Damariscotta | 0 | 1 | −1 | 71 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 53% | 40% | |
| Commercial real estate | 26% | 35% | |
| Multifamily | 8% | 8% | |
| Business (C&I) | 6% | 8% | |
| Construction and land | 3% | 4% | |
| Consumer | 1% | 1% | |
| Other | 1% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 62% | 55% | |
| Noninterest-bearing | 27% | 18% | |
| Time deposits | 11% | 27% |
Brokered deposits are 0.0% of deposits (peers 14.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.47% | 0.36% |
| Net charge-offs, annualized | 0.02% | 0.04% |
| Reserves to loans | 0.78% | 0.94% |
| Leverage ratio | 7.79% | 10.66% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Maine
Largest competitors in Penobscot County, ME
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/bangor