Bangor Savings Bank has become the latest member of the American Fintech Council (AFC), an association representing fintech companies and innovative banks. This membership highlights Bangor Savings Bank's dedication to using fintech advancements to enhance customer services. As part of the AFC, the bank plans to work with other fintech leaders to improve the accessibility of technology-driven banking.
“Bangor Savings Bank is a trusted financial services leader focused on delivering customer-centric banking that meets a wide range of needs,” said Phil Goldfeder, Chief Executive Officer of AFC. “Their commitment to technological advancement and fintech innovation, while maintaining trust and a strong community presence, aligns with the core values of AFC. We are excited to welcome Bangor Savings Bank as a member and look forward to their contributions in shaping the future of banking.”
Bangor Savings Bank aims to provide its customers in Northern New England with a variety of financial tools and services. It offers comprehensive banking services including retail and business banking, HR and payroll technologies, and consumer and mortgage lending. The bank also provides innovative digital solutions like the Buoy Local mobile app-based rewards program and the everblue Credit Card suite.
“Joining the American Fintech Council marks an exciting step forward in delivering innovative banking solutions to our customers and fintech partners,” said Bob Montgomery-Rice, President and CEO of Bangor Savings Bank. “We’re committed to helping customers achieve financial security and success through technology-driven capabilities. By collaborating with AFC and other leaders in the fintech space, we aim to further develop consumer-centric offerings that drive financial innovation and enhance the banking experience for everyone.”
The AFC is an organization that supports the largest fintech firms and banks offering embedded finance solutions. It fosters a transparent and consumer-focused financial system by supporting responsible innovation and fair public policy, encouraging its members to devise products for underserved communities.
Established in 1852, Bangor Savings Bank currently holds more than $7 billion in assets and runs 69 branches and additional offices in Maine, New Hampshire, and Massachusetts. The bank has a notable presence in its community, investing millions through various initiatives. To learn more about its services, visit their website at www.bangor.com.