Bangor Savings Bank in Maine is planning to introduce its first suite of credit card products.
The $7.4 billion-asset Bangor Savings is set to launch “everblue” for retail and commercial clients, Bob Montgomery-Rice, the bank’s president and CEO, told the Bangor Daily News.
Business credit cards are set to debut, while consumer cards will launch in July.
The product is the latest expansion move for Bangor Savings. The bank has opened three branches in the last fiscal year, with plans to open a new location in Kennebunk, Maine, this fall.
The bank’s Maine ABLE Benefit Checking program, which debuted in 2021 to help people with disabilities save money, now has more than 300 users and $2.7 million of deposits.
Bangor Savings has also opened roughly 300 accounts through a program that helps the unbanked and underbanked.