Federal Reserve Board announces approval of application by Bangor Bancorp, MHC

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Federal Reserve Board announces approval of application by Bangor Bancorp, MHC

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The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 22, 2020. It is reproduced in full below.

The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Bangor Bancorp, MHC, Bangor, Maine, to acquire Damariscotta Bankshares, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Damariscotta Bank & Trust Co., both of Damariscotta, Maine.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

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