Bangor, Norway savings banks temporarily shut some of their branches
While banks across Maine have already suspended most face-to-face services and are relying on drive-throughs and ATMs, two of the state’s largest financial institutions are now temporarily closing branches.
Norway Savings Bank on Thursday said it will close 14 of its 24 branches from Saturday through Wednesday, April 8. Bangor Savings Bank will temporarily shutter five of 57 branches beginning Monday.
Both banks said in news releases that they're reducing their brick-and-mortar operations for now in response to guidance from Gov. Janet Mills, and to allow more employees to be at home during the current public health crisis.
Bangor Savings will close branches in Belfast, Ogunquit and Orono, as well as at 180 Middle St. in Portland. Plans also affect the branch at 8 Bow St. in Portsmouth, N.H. In addition, weekday hours at all open branches have been shortened, and nearly 650 of the bank’s 900 employees are working remotely.
“As COVID-19 continues to affect our employees, customers and communities, we are committed to make thoughtful, real-time decisions and adjustments based on changing needs and circumstances,” said Bangor Savings President and CEO Bob Montgomery-Rice.
Norway Savings said in a news release it will close branches in these locations:
- Brunswick (14 Gurnet Road)
- Brunswick (83 Maine St.)
- Falmouth
- Freeport
- Gorham
- Gray
- Kennebunk
- Naples
- Portland (120 Exchange St.)
- Portland (446 Forest Ave.)
- Scarborough
- South Portland
- South Paris
- Standish
ATM services will continue to be available at the branches during the closure.
Norway Savings President and CEO Patricia Weigel commented: “While this has been an extremely difficult decision and recognizing the inconvenience to our customers, we believe these temporary closings are one step we can take to help our State recover more quickly from the virus impact.”
Bangor Savings is the largest bank headquartered in the state, according to the Mainebiz Book of Lists, with $4.7 billion in assets. Norway Savings is the eighth-largest, with assets of over $1.2 billion.
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