BANGOR — Bangor Savings Bank announced Monday it will pay all employees a minimum rate of $13 per hour beginning this month.
In a statement released Monday, the bank said it has been increasing its minimum entry-level hourly pay for the past two years as part of an initiative to “pay a living wage to all employees,” including full-time, part-time and temporary.
“We fully recognize that all positions at Bangor Savings Bank, including those often categorized as entry-level, are complex and involve a high degree of responsibility. Every employee genuinely contributes to the success of our company and is a key reason the bank has been named ‘Highest Customer Satisfaction with Retail Banking in the New England Region’ by J.D. Power for 2015,” President and CEO Bob Montgomery-Rice said in the statement.
The Bangor Daily News reported that 240 of the bank’s 740 employees will get a raise under the plan, according to one bank official.
Bangor Savings Bank was named a Best Place to Work in Maine by the Society for Human Resource Management’s Maine State Council for at least the past six years. The bank has branches throughout the state, including in Lewiston, Rumford, Farmington and Monmouth.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.