Welcome to Share the Profits Banking!
It’s a whole new equation.

At Biddeford Savings we’re a “mutual” bank. While that may not mean that much to you, it means a lot to us. It means that we treat our customers like owners. Unlike larger banks, our depositors guide our destiny. We don’t send dividend checks to out-of-state shareholders; we share the profits with you, through our mutual rewards program! You can get your share of the profits by opening a Mutual Rewards Checking or Savings account! Increase your share by adding other deposit and loan accounts. The larger your accounts —the greater your profit share.

Biddeford Savings has been established for over 140 years. The Bank was chartered on July 22, 1867 by an act of the Maine State Legislature. We at Biddeford Savings are proud of our long history and relationship with the communities we serve, and of our heritage as a safe and secure depository for the funds of our customers. We make every effort to serve our customers’ financial needs in a professional, friendly manner, and we are also dedicated to serving the needs of our communities, whether through our sponsorship of community events, financial education initiatives, and more.

Our corporators, who represent a wide spectrum of the many communities we serve, meet annually and fill their most important responsibility - to elect the Board of Directors for the bank. Our Board of Directors elect the officers and meet monthly to review results and approve the policies of the bank. The Officers of the bank are responsible for the day to day operations of the bank.

To view our 2008 Annual Report please click here.