May 10, 2012
Bath Savings reports record financial results
Bath Savings Institution saw its fourth consecutive year of record financial results in 2011. Total assets grew to $636 million in its 160th year of business, according to a press release.
Last year's assets grew 8% over 2010. Deposits and other liabilities last year increased to $568 million, while equity and undivided profits grew to $68 million. The company announced the results at a recent annual meeting. Earlier this year, the bank opened its ninth branch in South Portland.
The company had 151 employees as of Dec. 31.
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