BANGOR — Bangor Savings Bank recently added $1 million to the endowment of its charitable arm, the Bangor Savings Bank Foundation, according to bank President and CEO Bob Montgomery Rice.
Since 1997, the Bangor Savings Bank Foundation has focused philanthropic efforts on worthy initiatives that make Maine communities more prosperous, more livable and more vibrant. The foundation awards quarterly grants ranging from $2,000 to $25,000 with priority given to efforts that support economic development, workforce development, or the entrepreneurial or demographic health of a region.
Other giving areas include education, social and civic services, culture and arts, and health and wellness.
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