Bangor Savings Bank opens branch opposite State House

  • The new Bangor Savings Bank in downtown Concord occupies the space previously held by the Crazy Goat Tavern about two years ago. Geoff Forester / Monitor staff

  • The new Bangor Savings Bank in downtown Concord. Geoff Forester—Courtesy

  • The new Bangor Savings Bank in downtown Concord. Geoff Forester—Courtesy

Monitor staff
Published: 3/21/2021 2:06:59 PM

After a COVID-caused delay, Bangor Savings Bank has opened its first downtown Concord branch after fixing up a 153-year-old building across from the State House.

“It has undergone several renovations, however the last substantial renovation prior to ours appears to have been in the 1950’s, a time when the main part of the building was destroyed, perhaps due to a fire based on the charred wood we uncovered during the renovation,” the company wrote in an email response to the Monitor.  “During the recent renovation we replaced roofs, reinforced and replaced floors, installed new windows and doors, insulated the building, repaired brick, installed new HVAC, and were able to bring the building up to current standards and code.”

Bangor Savings Bank bought the building at 76-82 N. Main St., which most recently held the Crazy Goat Tavern, two years ago. The original idea was to open the branch on part of the ground floor in the spring of 2020 with room for other tenants, possibly including rooftop seating for a third-floor restaurant, but the pandemic brought work to a halt. Since then, plans have changed.

“We are pleased to share that we now have a tenant for the restaurant space” on the ground floor, the email said. “Our original plans for the third floor have changed to accommodate the growth of our Bangor Wealth Management of New Hampshire team, who now occupies that space.  Given that change, we don’t currently have any plans for rooftop seating.”

The bank also recently opened a full-service branch in Manchester, giving it seven locations in the state, including one on Loudon Road. The Maine-based bank moved there when it purchased Granite Bank in 2018. It has more than 50 branches in Maine.

The Bangor Savings Bank branch will have consumer, small business banking, and commercial services, as well as payroll, merchant, and corporate services, the company said.

The opening means there are branches of eight different banks on or near Main Street. Among the recent openings is Ledyard National Bank, which set up a branch on South Main Street.

(David Brooks can be reached at 369-3313 or dbrooks@cmonitor.com or on Twitter @GraniteGeek.)



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