Bangor Savings Bank plans to close one of its two Farmington branches, along with three other branch locations in Howland, Hartland and East Millinocket, the company announced in a news release.
Customers were notified by mail last week, and, pending regulatory approval, the closures will take place sometime between March 25, 2016, and the end of June 2016.
“Consolidating branches is a rare event for our bank and not a decision we made lightly,” Susan Snowden, executive vice president and chief consumer officer, said in the release on Friday. “Like many banks, we’ve seen changes within the banking industry as well as slow but steady migration toward alternative banking channels, which have resulted in decreasing activity in some of our branches. Our highly valued employees at each of these locations will be given comparable positions at other locations.”
Farmington will keep its branch on Main Street. All four locations had another Bangor Savings Bank branch within 12 miles, Snowden said.
Founded in 1852, the bank has 57 branches statewide.
kskelton@sunjournal.com
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