Community bank leverages fintech innovation and tailored financial services to drive business growth

Bangor, ME (April 22, 2025) – The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, announced today the addition of Bangor Savings Bank as its newest member. Bangor Savings Bank is a community bank dedicated to offering a comprehensive range of financial products and services, with a focus on leveraging fintech innovation to stay at the forefront of the industry and meet customers wherever and however they need. As an AFC member, the Bank will collaborate with other fintech leaders to leverage innovative financial solutions and help provide accessible, technology-driven banking for all.

“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 is committed to providing financial tools and resources that meet the needs of those it serves throughout Northern New England. The Bank offers retail and business banking, payment and corporate services, HR and payroll technologies, consumer and mortgage lending, and more to help people and businesses reach their financial goals. In addition to traditional banking services, Bangor Savings Bank offers innovative card payment and digital solutions, including Buoy Local®, a mobile app-based rewards program that promotes locally owned businesses through innovative technology, as well as its everblue® Credit Card suite and merchant card solutions.

“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.”

A standards-based organization, AFC is the premier trade association representing the largest financial technology (Fintech) companies and innovative banks offering embedded finance solutions. AFC’s mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. AFC members foster competition in consumer finance and pioneer products to better serve underserved consumer segments and geographies.

About Bangor Savings Bank
Bangor Savings Bank, with over $7 billion in assets, offers retail banking, business and comprehensive commercial banking, payment and corporate services, HR and payroll technologies, and merchant solutions. Wealth management, investment, and financial planning services are offered through Bangor Wealth Management, a division of Bangor Savings Bank, and Bangor Wealth Management of New Hampshire, LLC, a New Hampshire trust company and wholly-owned subsidiary of Bangor Savings Bank. Investment information can be found at www.bangor.com/investments.

Headquartered in Bangor, Maine, the Bank was founded in 1852 and is in its 173rd year, and currently has 69 branches in Maine and New Hampshire and business and/or loan production offices in Maine, New Hampshire, and Massachusetts. Bangor Savings Bank and The Bangor Savings Bank Foundation invested more than $3.6 million into the region through sponsorships, grants, and partnership initiatives last year. Bangor Savings Bank is an equal opportunity employer. To learn more, please visit us at www.bangor.com. Neither Bangor Savings Bank nor its affiliates offer tax, accounting, or legal services. Member FDIC |   Equal Housing Lender.

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