COVID-19: Peace of mind during this pandemic

To Our Valued Customers,

As the pandemic continues, we are committed to providing you with important updates and helpful information that will hopefully put your mind at ease when it comes to the safety and security of your money at Norway Savings Bank. Please rest assured that Norway Savings Bank is in excellent financial health and is one of the strongest community banks in Maine. We have the financial power to weather this storm.

We also know that during uncertain times, you may feel the need to have additional cash on hand, which makes sense, but we encourage you to consider the risk and safety of withdrawing large amounts at any time. Since 1933, no depositor has ever lost a penny of FDIC-insured funds. When your funds are kept in the bank, you are less likely to be the victim of theft. Please know that we care about you and your wellbeing and that is why we are providing this reminder.

Every day we are working with customers who reach out to us for support – and you will be happy to know that our commitment to individuals, small businesses, nonprofits and the most vulnerable among us is also a top priority. Our branches remain open via drive-up and appointment, ensuring there is no interruption of service.  Our Commercial Team is working with our business clients to ensure they are provided the support they need. We know that many nonprofits rely on fundraising events that are being cancelled but we are continuing to provide the support that they need. We truly understand and embrace our role as a Maine community bank that, along with all other Maine banks, are making donations to food pantries to help address food insecurity during this time. Members of our retail team have been proactively calling our elderly customers – just to check in and make sure they are okay.  These examples make me particularly proud of Norway Savings Bank.

On this first full day of spring, and on behalf of everyone here at Norway Savings Bank, we hope that you and your loved ones are in good health and spirits. If you are looking for something fun to do with children who are climbing the walls at home, you’ll find the Family Hive and Banzai financial education tools on our website to be just what you need to keep everyone entertained while learning about money management!

Our commitment is to you, our employees and our communities.  We are here for you.  If you have a question, would like to make an in-branch appointment or need to get set up with one of our digital banking services, please call 888.725.2207.

Have a nice weekend.

Patricia Weigel
President & Chief Executive Officer