Bob Montgomery-Rice

18 Maine nonprofits awarded grants to boost community impact

In total, Bangor Savings Bank's philanthropic arm awarded $77,450 to 27 nonprofits across northern New England.

Housing crisis will be the topic of southern Maine initiative

Participants will include the CEOs of the Maine State Chamber of Commerce and Portland Regional Chamber of Commerce, as well as the president of MEREDA and the CEO of Bangor Savings Bank.

Hiring roundup: Two Maine banks add to their teams

Bangor Savings and Kennebec Savings banks recently added to their ranks with new hires.

How Maine businesses can prepare for potential economic shifts in 2025

Guest columnist Bob Montgomery-Rice, president and CEO of Maine's largest bank, offers some suggestions about how to prepare for shifts in the economy this year.
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Bangor Savings puts basketball’s Flagg brothers on center court to tout teen debit card

Just in time for basketball season, cardboard-cutout likenesses of Ace and Cooper Flagg at Bangor Savings Bank branches will tout pling, a new debit card and app for teens.

Bangor Savings Bank beefs up its leadership team

Bangor Savings Bank has appointed four employees to the bank’s leadership committee and promoted two leaders within the organization.

MEREDA will host Bangor conference on homelessness

The Bangor area is facing an increase in its homeless population. The MEREDA conference aims to bring together "a diverse range of perspectives to foster open and honest dialogue, compassion and innovative solutions."

Bangor Savings CEO: Interest rates expected to ‘normalize,’ and other 2024 predictions

After 2023's wild ride for interest rate hikes, Bangor Savings Bank President and CEO Bob Montgomery-Rice expects rates to be more stable this year.
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Giving Notebook: Bank funding for scholarships, nonprofits across Northern New England

Bar Harbor Bank & Trust awards scholarships to nine recent high school graduates, while Bangor Savings announces grants for 23 regional nonprofits.

Bangor Savings names new CFO, posts 7.1% jump in assets

Bangor Savings Bank has promoted Michael O'Connor to CFO and reported a 7.1% increase in assets for its 2023 fiscal year over a year earlier.
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