Bangor Savings Bank

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Bangor Savings Bank is a state-chartered bank in Maine. The company, which is headquartered in downtown Bangor, Maine, was founded in 1852 and has 54 branches across the state. As of October 2015, the bank was the second largest Maine-based bank after Camden National Bank. Bangor Savings Bank had roughly $3.1 billion in assets. In Fall 2015, the bank announced four branches would close in early 2016. Staff were reassigned to nearby branches within 12 miles of the closed branch. In January 2016, Bangor Savings Bank announced that it was raising the company-wide minimum wage to $13 per hour. In doing so, it raised the base wage for 240 of the companies 740 employees. As of November 2016, the companys minimum wage has increased to $14 per hour.