March 21, 2019
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Bangor Savings Bank buys more waterfront property to handle growth

Contributed Photo | BDN
Contributed Photo | BDN
Bangor Savings Bank has purchased a building at 36 Pleasant St. next to the new waterfront headquarters it opened in the summer of 2018.

Bangor Savings Bank has purchased a 28,780-square-foot office building next to its new corporate headquarters on the Bangor waterfront as a way to accommodate future growth.

Company officials said they don’t have any immediate plans for the building at 36 Pleasant St., which was previously owned by Gopher Hill Communications. It used to house the accounting and consulting firm BerryDunn and stands right next to the corporate headquarters that Bangor Savings Bank opened last summer at 24 Hamlin Way.

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The bank officially purchased the neighboring building this week, as it was preparing to open two other structures on its new waterfront campus: an operations center and parking garage just off Main Street. About 320 employees are due to start working in the new building on Tuesday.

[ Bangor Savings set to open waterfront office building and parking garage]

The company has no immediate plans to renovate or do anything else with the waterfront building but wanted to have the extra space as it looks to grow in the future. Although close to 400 people will be working on the new waterfront campus starting next week, it has space for 500 workers — not including however many will be able to work in the newly acquired property.

“When we think about Bangor and what can benefit the region from an employment standpoint, we know that further development of our waterfront campus is necessary,” Bob Montgomery-Rice, the bank’s president and CEO, said in a news release. “The purchase of 36 Pleasant St. works well with our long-term vision. As the bank grows across Northern New England, our need for Bangor-based employees to support that growth will continue. No matter where we go, however, our commitment to the Bangor region is steadfast and this investment reiterates our intention to remain a Bangor-based company.”

 



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