BANGOR SAVINGS BANK Revised: March 1, 2021
RECORD OF OPENED AND CLOSED BRANCHES Current and Prior Two Years
BRANCHES OPENED:
2021: 999 Elm Street Manchester, New Hampshire opened March 1, 2021
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the City of Manchester, New Hampshire. It is a full service branch facility located in a moderate census tract #33-011-2004.00 with a tract population of 2,601, a tract median family income of 58.92% of 2015 HUD estimated median income, a tract minority population of 22.72%, and a percentage below poverty line of 28.36%.
2021: 100 Loudon Road Concord, New Hampshire opened January 25, 2021
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the City of Concord, New Hampshire. It is a full service branch facility located in a moderate census tract #33-013-0441.00 with a tract population of 3,773, a tract median family income of 67.20% of 2015 HUD estimated median income, a tract minority population of 17.97%, and a percentage below poverty line of 17.91%.
2578 Bristol Road, New Harbor, Maine acquired December 2020
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of New Harbor, Maine. This New Harbor branch was acquired through the merger of Damariscotta Bank & Trust and Bangor Savings Bank in December of 2020. It is a full service branch facility located in an upper income census tract #23-015-9756.00 with a tract population of 3,696, a tract median family income of 140.45% of 2015 HUD estimated median income, a tract minority population of 2.46%, and a percentage below poverty line of 8.04%.
2020: 17 Sennebec Road, Union, Maine acquired December 2020
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Union, Maine. The Union branch was acquired through the merger of Damariscotta Bank & Trust and Bangor Savings Bank in December of 2020. It is a full service branch facility located in a middle income census tract #23-013-9704.00 with a tract population of 6,806, a tract median family income of 109.88% of 2015 HUD estimated median income, a tract minority 1 population of 4.29%, and a percentage below poverty line of 10.72%.
2020: 289 Camden Road, Warren, Maine acquired December 2020
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Warren, Maine. The Warren branch was acquired through the merger of Damariscotta Bank & Trust and Bangor Savings Bank in December of 2020. It is a full service branch facility located in a middle income census tract #23-013-9404.00 with a tract population of 7,488, a tract median family income of 103% of 2015 HUD estimated median income, a tract minority population of 5.80%, and a percentage below poverty line of 15.69%.
2 2020: 100 Main Street, Damariscotta, Maine acquired December 2020
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Damariscotta, Maine. The Damariscotta branch was acquired through the merger of Damariscotta Bank & Trust and Bangor Savings Bank in December of 2020. It is a full service branch facility located in a middle income census tract #23-015-9753.00 with a tract population of 3,603, a tract median family income of 104.19 of 2015 HUD estimated median income, a tract minority population of 2.80%, and a percentage below poverty line of 13.90%.
2020: 619 Main Street, Damariscotta, Maine acquired December 2020
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Damariscotta, Maine. The Damariscotta branch was acquired through the merger of Damariscotta Bank & Trust and Bangor Savings Bank in December of 2020. It is a full service branch facility located in a middle income census tract #23-015-9723.00 with a tract population of 3,603, a tract median family income of 104.19% of 2015 HUD estimated median income, a tract minority population of 2.80%, and a percentage below poverty line of 13.90%.
2019: 170 Turner Street, Auburn, Maine opened November 19, 2019
The Bank’s 170 Turner Street branch location is located at a convenient and easily accessible location close to downtown Auburn. The branch is a newly constructed full service branch and business office with a convenient drive-up and ATM and is located in moderate income census tract #23-001-0103.00 with a tract population of 2,207, a tract median family income of 55.18% of 2015 HUD estimated median income, a tract minority population of 22.34%, and a percentage below poverty line of 26.61%.
2019: 100 Market Street, Portsmouth, New Hampshire, opened June 17, 2019
100 Market Street represents the relocation of 36 Maplewood Avenue, Portsmouth branch and is a limited service branch facility located in upper income census tract #33- 015-0691.00 with a tract population of 4,225, tract median family income of 191.71% of 2015 HUD estimated median income, tract minority population of 7.15% and a percentage below poverty line of 3.67%.
The Branch will offer limited service banking and financial services including consumer loans, mortgage loans, small business and commercial loans, payroll, merchant services, and related financial services. While our initial plans do not call for providing deposit services, we may do so at a future date.
3 2019: 26 Chestnut Street, Andover, Massachusetts, opened May 20, 2019
26 Chestnut Street in Andover is a Loan Production Office supporting consumer mortgage originations. The branch is located in upper income census tract #25-009- 2542.00 with a tract population of 5,056, tract median family income of 123.28% of 2015 HUD estimated median income, tract minority population of 15.21% and a percentage below poverty line of 11.83%.
The Branch will offer limited service banking and financial services.
2019: 11 Hamlin Way, Bangor, Maine opened February 2019
11 Hamlin Way in Bangor represents the Banks corporate headquarters and operations center.. The location is also a limited service branch facility located in moderate income census tract #23-019-0002.00 with a tract population of 3,609, tract median family income of 51.63% of 2015 HUD estimated median income, tract minority population of 8.04% and a percentage below poverty line of 34.64%.
The office will offer limited service banking and financial services including consumer loans, mortgage loans, small business and commercial loans, payroll, merchant services, and related financial services.
2018: 8 Bow Street, Portsmouth, New Hampshire opened November 19, 2018
The Bank’s 8 Bow Street branch location is located at a convenient and easily accessible location in downtown Portsmouth. The branch is a full service branch with a convenient walk-up ATM and is located in upper income census tract #33-015-0691.00 with a tract population of 4,225, a tract median family income of 191.71% of 2015 HUD estimated median income, a tract minority population of 7.15%, and a percentage below poverty line of 3.67%.
2018: 200 International Drive, Portsmouth opened May 2018
The Bank’s 200 International Drive location is a Loan Production Office supporting non- branch offices. It is located in a middle income census tract #33-015-1074.00 with a tract population of 1,212, a tract median family income of 108.15% of 2015 HUD estimated median income, a tract minority population of 13.61%, and a percentage below poverty line of 6.13%.
The location will offer limited service banking and financial services.
4 2018: 24 Hamlin Way, Bangor, Maine opened July 20, 2018
24 Hamlin Way in Bangor represents the Banks corporate headquarters and executive offices. This location is also a limited service branch facility located in moderate income census tract #23-019-0002.00 with a tract population of 3,609, tract median family income of 51.63% of 2018 HUD estimated median income, tract minority population of 8.04% and a percentage below poverty line of 34.64%.
This location will offer limited service banking and financial services including consumer loans, mortgage loans, small business and commercial loans, payroll, merchant services, and related financial services.
2018: 208 Main Street, Biddeford, Maine opened July 16, 2018
The Bank’s 208 Main Street branch location is located at a convenient and easily accessible location on Main Street in Biddeford and replaces an older and less accessible branch located at 163 Main Street in Biddeford and a limited service drive up branch located at 5 Washington Street. The branch is a full service branch with convenient drive up facilities and is located in a low income census tract #23-031-0252.02 with a tract population of 7,445, a tract median family income of 49.66% of 2015 HUD estimated median income, a tract minority population of 10.66%, and a percentage below poverty line of 31.08%.
2018: 138 Main Street, Pittsfield Maine, opened July 2, 2018
The Bank’s 138 Main Street branch location is located at a convenient and easily accessible location on Main Street in Pittsfield and replaces a smaller, older and less accessible branch located at 108 Somerset Plaza in Pittsfield . The branch is a full service branch facility with convenient drive up facilities and is located in a middle income census tract # 23-025-9660.00 with a tract population of 4,143, a tract median family income of 105.81% of 2015 HUD estimated median income, a tract minority population of 7.60%, and a percentage below poverty line of 17.60%.
2018: 69 Route 101A, Amherst, New Hampshire, acquired April 6, 2018
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Amherst and the surrounding Manchester – Nashua Metropolitan Statistical Area #31700. The Amherst branch was acquired through the merger of Granite Bank and Bangor Savings Bank in April, 2018. It is a full service branch facility located in an upper income census tract #33-011-0152.00 with a tract population of 6,049, a tract median family income of 145.60% of 2017 HUD estimated median income, a tract minority population of 5.64%, and a percentage below poverty line of 2.92%.
5 2018: 132 Main Street, Colebrook, New Hampshire, acquired April 6, 2018
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Colebrook and portions of the non-MSA County of Coos including 15 surrounding towns. The Colebrook branch was acquired through the merger of Granite Bank and Bangor Savings Bank in April, 2018. It is a full service branch facility located in a middle income census tract #33-007-9502.00 with a tract population of 2,920, a tract median family income of 82.06% of 2017 HUD estimated median income, a tract minority population of 3.70%, and a percentage below poverty line of 17.05%.
The branch was formerly the corporate headquarters for Granite Bank and is now the fourth largest branch within Bangor Savings Bank.
2018: 100 Loudon Road, Concord New Hampshire, acquired April 6, 2018
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the City of Concord and portions of the non-MSA County of Merrimack including 17 surrounding towns. The Concord branch was acquired through the merger of Granite Bank and Bangor Savings Bank in April, 2018. It is a full service branch facility located in a moderate income census tract #33- 013-0441.00 with a tract population of 3,773, a tract median family income of 67.20% of 2015 HUD estimated median income, a tract minority population of 17.97%, and a percentage below poverty line of 17.91%.
2018: 2400 Lafayette Road, Portsmouth, New Hampshire, acquired April 6, 2018
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the City of Portsmouth and the surrounding counties of Rockingham and Strafford located in the Boston-Cambridge- Newton MA-NH Metropolitan Statistical Area #40484. The Portsmouth branch was acquired through the merger of Granite Bank and Bangor Savings Bank in April, 2018. It is a full service branch facility located in a middle income census tract #33-015-1072.00 with a tract population of 5,850, a tract median family income of 89.84% of 2017 HUD estimated median income, a tract minority population of 18.85%, and a percentage below poverty line of 6.95%.
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BRANCHES CLOSED:
2020: 1 Belmont Ave, Belfast, Maine SOLD immediately following acquisition
The Bank’s CRA geographic assessment area encompasses eight MSA and non-MSA areas in Maine and New Hampshire including the Town of Belfast, Maine. This Belfast branch was acquired through the merger of Damariscotta Bank & Trust and Bangor Savings Bank in December, 2020. It is a full service branch facility located in a middle income census tract #23-027-0430.00 with a tract population of 6,668, a tract median family income of 93.75% of 2015 HUD estimated median income, a tract minority population of 5.11%, and a percentage below poverty line of 25.30%.
2019: 28 Main Street, Dixfield, Maine closed November 8, 2019
28 Main Street in Dixfield was closed with all accounts and services moved to the Bank’s Rumford branch 5.4 miles away. The branch was located in middle income census tract #23-017-9657.00 with a tract population of 3,025, tract median family income of 95.84% of 2015 HUD estimated median income, tract minority population of 5.16% and a percentage below poverty line of 19.88%.
2019: 787 Main Street, Monmouth, Maine closed November 22, 2019
787 Main Street in Monmouth was closed with all accounts and services moved to the Bank’s 5 Senator Way, Augusta branch 16 miles away. The branch was located in upper income census tract #23-011-0130.00 with a tract population of 4,068, tract median family income of 121.14% of 2019 HUD estimated median income, tract minority population of 4.15% and a percentage below poverty line of 11.48%.
2019: 36 Maplewood Avenue, Portsmouth, New Hampshire, closed (relocated) June17, 2019
36 Maplewood Avenue, Portsmouth branch is a limited service branch facility located in middle income census tract #33-015-0692.00 with a tract population of 2,923 , tract median family income of114.00% of 2015 HUD estimated median income, tract minority population of 7.80% and a percentage below poverty line of 6.74%. It is relocating to 100 Market Street in Portsmouth.
The Branch is a limited service banking and financial services office providing consumer loans, mortgage loans, small business and commercial loans, payroll, merchant services, and related financial services.
7 2018: 99 Franklin Street, Bangor, Maine closed (relocated) July 20, 2019
99 Franklin Street in Bangor was the Banks corporate headquarters and executive offices and was relocated to 24 Hamlin Way in Bangor. The branch was also a limited service branch facility located in moderate income census tract #23-019-0002.00 with a tract population of 3,609, tract median family income of 51.63% of 2015 HUD estimated median income, tract minority population of 8.04% and a percentage below poverty line of 34.64%.
2018: 19 Maine Avenue, Bangor, Maine (relocated) 19 Maine Avenue in Bangor was housed employee training, HR and other internal departments and was relocated to 11 Hamlin Way in Bangor. The branch was also a limited service branch facility located in upper income census tract #23-019-0007with a tract population of 2,651, tract median family income of 141.83% of 2015 HUD estimated median income, tract minority population of 4.11% and a percentage below poverty line of 11.15%.
2018: 203 Maine Avenue, Bangor, Maine (relocated)
203 Maine Avenue in Bangor was housed accounting, IT and other internal departments and was relocated to 11 Hamlin Way in Bangor. This location was also a limited service branch facility located in upper income census tract #23-019-0007.00 with a tract population of 2,651, tract median family income of 141.83% of 2015 HUD estimated median income, tract minority population of 4.11% and a percentage below poverty line of 11.15%.
2018: 163 Main Street & 5 Washington St., Biddeford, Maine closed July 2018
The Bank’s 163 Main Street branch location and 5 Washington Street limited service location has been replaced by a newer and more accessible location at 208 Main Street in Biddeford. The new branch is a full service branch facility with convenient drive up facilities. Both branches are located in a low income census tract # 23-031-0252.02 with a tract population of 7,445, a tract median family income of 49.66% of 2015 HUD estimated median income, a tract minority population of 10.66%, and a percentage below poverty line of 31.08%.
2018: 108 Somerset Plaza, Pittsfield Maine, closed July 2, 2018
The Bank’s 108 Somerset Plaza branch location has been replaced by a newer, more convenient and easily accessible location at 138 Main Street in Pittsfield. The new branch is a full service branch with convenient drive up facilities. Both branches are located in a middle income census tract # 23-025-9660.00 with a tract population of 4,143, a tract median family income of 105.81% of 2015 HUD estimated median income, a tract minority population of 7.60%, and a percentage below poverty line of 17.60%.
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