 
Oldest Bank in Maine
In February of 1827, 48 prominent citizens of Saco appealed to
the State Legislature for the Saco & Biddeford Savings Institution
charter. Announcing our opening on May 23rd of that same year,
we received our first deposit of $3 one week later.
We’ve come a long way since that first deposit. Today, over
181 years later, we’re the oldest bank in Maine, and still
one of the fastest growing. Our progress and growth stem from providing
exceptional service and loyalty to our customers and our communities
since
1827. While we do our best to keep in step with new technology,
we also strive to maintain the best of the past. And that’s
what makes us different than most other banks. We’re all
about people, and that’ s what’s most important to
us. After all, we’re your friends, neighbors and relatives.
We’re not just your local bank, we
are an institution.
About Mutuality
SBSI’s statement of purpose was written over 181 years ago,
but we’ve never lost sight of our roots. Our unwavering mission
as your local mutual savings institution is to serve customers
and the communities in which we live and work. Our rates and policies
are not defined by potential profit, but continue to uphold our
initial promise to give customers the best rates and lowest fees
possible.
Why We’re Different
“At SBSI, we’re sticklers about personal service.
When you call us, a real live person still answers the phone. That
may not be as cost-effective as having an automated machine handling
calls, but that’s the SBSI way. We’re all about people.
The long-standing success of the bank would not have been possible
without the efforts and loyalties of our skilled employees, faithful
customers and all the people who live and work in the communities
we serve. And most of all, we never lose sight of our roots. And
that's the way we believe banking should be.” (Kevin
P. Savage, President & CEO)
Our Mission
The mission of this Mutual Savings Bank is to be a financially sound independent
bank which provides superior financial products and services to meet the evolving needs of our customers and communities in
a customer-focused culture.
Code of Business Conduct and Ethics
In order to ensure the proper and ethical performance of our business and to maintain the
confidence of our customers and our communities, all Directors, Officers and Employees of Saco & Biddeford Savings Institution
are expected to maintain high standards of honesty, integrity, confidentiality, impartiality and conduct, and to avoid misconduct
and conflicts of interest, or the appearance of conflicts of interest.
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