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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

The Benefits of Banking with Saco & Biddeford Savings

Travis Vacchiano By Travis Vacchiano

When you bank with SBSI, your money stays local, supports your neighbors, and helps strengthen the Maine economy — all while giving you personalized service and long-term financial partnership.When you bank with a local community bank like Saco & Biddeford Savings, you’re not just opening an account.

You're building a relationship with people who understand what it takes to run a small business in our community. We live and work in the same communities you do, which means we understand what it takes to run a small business here in Maine.

Unlike the big national banks, we take the time to get to know you, your business and your goals. That means we can offer flexible financial solutions tailored to your unique needs not just one-size-fits-all products. When it comes to big decisions, you're often talking directly to the people who make them. We're right here, familiar with the local economy and invested in your success. 

What makes SBSI different runs deeper than just great service. As a mutual savings bank, we don’t answer to shareholders. That means our focus stays where it belongs, on our customers and the community. Instead of chasing quarterly profits, we reinvest earnings locally through business loans, home financing, community partnerships and support for nonprofits and local initiatives. 

Every dollar that stays here strengthens the economic fabric of our towns and cities. It’s a model rooted in people, not profits, and it shows in everything we do: From the way we serve our customers to the causes we support.

We also understand that local businesses have local needs. Whether it’s navigating seasonal slowdowns, adjusting to staffing shortages, or planning for long-term growth, we offer solutions grounded in real-world experience. We’ve worked alongside Maine businesses for generations, and this insight is something we bring to the table for every customer we work with. 

For example, when a local family-run café needs financing to expand, a mutual bank can sit down with the owners, understand their story and craft a loan solution that works not just on paper, but in real life. The result? A growing business, new jobs and a stronger local economy.

Whether you're applying for a loan, exploring credit options or just planning your next step, you'll find quicker answers, personalized terms and guidance from a team that’s in it for the long haul. Even during tough times, we're here because long-term partnerships matter more to us than short-term gains.

At SBSI, we connect you to every part of our bank’s resources, offering the kind of support that only comes from truly knowing your business. In short, when you bank with a mutual savings bank, your money stays close to home, helping people you know, places you love and a community you believe in.