Stories about Bangor Savings Bank

Bangor Savings executive and Holden resident Yellow Light Breen has been named the next president and CEO of the Maine Development Foundation, which was created by state government in 1978 to promote Maine's economy.

Bangor Savings executive to lead Maine Development Foundation

By Darren Fishell on July 28, 2015, at 3 p.m.
Bangor Savings Bank executive and Holden resident Yellow Light Breen has been named the next head of the Maine Development Foundation, created by state government in 1978 to boost Maine’s economy. The foundation announced Tuesday that its board of directors selected Breen to succeed Harold Clossey, who retired for health …
During an interview at the Bangor Daily News in Bangor Monday, June 25, 2012, Bangor Savings Bank president and CEO James Conlon discusses the bank's expansion across the state, particularly in southern Maine, and the bank's continued emphasis on customer and community service.

Bangor Savings Bank reports 13th consecutive year of earnings growth

By Nick McCrea on June 23, 2014, at 4:18 p.m.
Bangor Savings Bank saw its 13th straight year of increased earnings in the last fiscal year, raking in $20.5 million in net income. That represents a more than 8 percent increase over the banner growth it saw in the previous year. Maine’s largest independent bank was scheduled …
While homes are affordable and mortgage rates are at historic lows, said Frank Nothaft, chief economist for Freddie Mac, "powerful headwinds," including unemployment and low consumer confidence, continue to slow the recovery. Nothaft was in South Portland on Wednesday morning discussing the housing and mortgage industries in Maine and the country.

‘Powerful headwinds’ continue to slow housing market recovery in Maine, says Freddie Mac economist

By Whit Richardson on May 01, 2013, at 7:49 p.m.
SOUTH PORTLAND | While interest rates are at their lowest level in 65 years and home values are starting to creep up, there are still “strong headwinds” slowing the housing market recovery in Maine and the nation, according to a national expert who spoke Wednesday morning in South Portland. …

BDN announces 2013 events lineup, starting with Maine Garden Show

Bangor Daily News on March 21, 2013, at 9:59 a.m.
The Bangor Daily News has announced its 2013 lineup of BDN Maine events, which run the gamut from food and cooking to winter sports, to be held each month at locations in Bangor, Augusta and Portland. In press conferences held Thursday morning at Coespace in downtown Bangor and the Portland …

Partnership gives small Maine businesses new loan opportunities

By Andrew Neff on July 13, 2012, at 5:53 p.m.
BANGOR | A partnership between the U.S. Small Business Administration, Eastern Maine Development Corp. and Bangor Savings Bank has produced $1.3 million in small-business loans in just three months. The partnership, which was created to streamline and promote loans for Maine’s small businesses, has done just that and more, according …
Ryan Landry of Landry/French Construction of Scarborough finishes off some detail work on the new Bangor Savings Bank branch in Portland on Allen Avenue in January 2011.

Bangor Savings Bank recognized for small business lending

By Matt Wickenheiser on Dec. 01, 2011, at 5:43 p.m.
PORTLAND | Bangor Savings Bank was recognized on Thursday as the top Small Business Administration lender in Maine in 2011, with $14.9 million in loans to small companies. Overall, Maine banks made 393 SBA loans totaling $79 million, according to the agency. Those loans are of particular importance in …
Gov. Paul LePage Speaking at Rockland's Strand Theatre about "Education - an Economic Imperative for the Midcoast."

Businesses to LePage at education forum: Not enough workers

By Heather Steeves on Oct. 03, 2011, at 9:56 p.m.
ROCKLAND | Every one of the speakers at the education conference here Monday night wanted to solve Fisher Engineering’s problem. The company expanded its Maine facility two years ago and needed more workers. It has tried and tried, but despite the dismal job picture, the company still can’t find …
TerraHaus Resident Assistant Ashley Sutton, student Katie Papoulias and resident Melissa Merritt talk Friday in the Unity College building's kitchen area. Students are moving in this week to the new, eco-friendly building.

A green house: Unity College builds country’s first Passive-House residence hall

By Abigail Curtis on Aug. 26, 2011, at 7:47 p.m.
On a sticky late summer afternoon, Unity College junior Melissa Merritt began lugging boxes into her new home — a small residence hall called TerraHaus that was completed just days ago. The marine biology major from Wilmington, N.C., said she’s looking forward to living there with nine …

Bangor Savings touts growth in annual report

By Matt Wickenheiser on June 27, 2011, at 5:17 p.m.
Bangor Savings Bank saw a 4.7 percent increase in earnings in its last fiscal year, hitting a record $17.7 million. The bank announced the numbers Monday, the same day it held its 159th annual meeting in Orono, at the University of Maine. The bank’s fiscal year runs …

Lincoln police tracking forged checks

By Nick Sambides Jr. on June 22, 2011, at 8:43 p.m.
Authorities are seeking the public’s help in tracking forged checks that might be connected to a case that culminated with the arrest of a Mattawamkeag woman last month, Police Chief William Lawrence said Wednesday. Ashley Hartley, 26, was charged by Sgt. Glenn Graef on May 24 with …

Hungry families to get some relief through Bangor Savings Bank donation

By Diana Bowley on March 08, 2011, at 6:16 p.m.
AUBURN | Fifteen percent of Maine families are unable to get sufficient quantities of nutritious food on a consistent basis, and food cupboards have tried to fill the needs of those families. Good Shepherd Food-Bank partners with more than 600 local food pantries and this winter, all have seen …