Bangor Savings Bank 100 Market St., Portsmouth • bangor.com
President and CEO: Bob Montgomery-Rice
Years in Business: 174 years (9 branches in NH, 69 branches in total)
Full-time Employees: 1,144 (120 in NH)
At Bangor Savings Bank, supporting the overall well-being of employees is an essential part of its culture. The bank offers a range of interest-free employee loans to ease financial strain and promote healthier lifestyles. These include loans for energy-efficient home upgrades and fuel assistance during the winter months, PC’s and mobile devices, exercise equipment, and out-of-pocket medical expenses.
The bank has a Flexible Benefits (FLEX) Plan where employees choose which coverage best fits their needs. Employees and dependents enrolled in the bank’s medical plans also have access to free programs for hypertension, musculoskeletal health, diabetes, and obesity. These programs include smart health devices such as connected scales, blood glucose monitors, and musculoskeletal kits alongside support from health coaches, behavioral health specialists, and hypertension experts. The bank covers short- and long-term disability and dental insurance, and pays over 98% of health insurance premiums. Bangor Savings Bank contributes between $900 and $1800 to health savings accounts and provides 26 to 36 days of paid time off annually, 11 paid holidays, and 16 weeks of paid parental leave.
Holistic health is supported through the bank’s B Well Program, which features individual and team fitness challenges, health coaching, onsite clinics, and chair massages. Bangor Savings Bank also recognizes the importance of supporting employees interested in building their families. All benefit-eligible full-time and part-time employees may receive up to $10,000 (lifetime maximum) per family to assist with fertility treatments, donor services, and surrogacy expenses. The bank provides 16 weeks of paid parental leave, and up to 35 days of paid time off annually based on years of service and paid holidays.
Supporting career development is also a priority. For those pursuing higher education, the bank covers up to four undergraduate or two graduate-level courses annually that align with an employee’s current or future role.
