Auburn Bancorp Inc. (ABBB)

Overview

Auburn Bancorp, Inc. stands as the parent company of Auburn Savings Bank, FSB, a banking institution that offers a range of personal and business banking products and services with a focus on the Lewiston/Auburn area in Maine. Founded in 1887 and headquartered in Auburn, Maine, Auburn Bancorp, Inc. functions under the umbrella of Auburn Bancorp, MHC. The bank is known for its community-oriented services, aiming to fulfill the banking needs of both individuals and businesses within its geographical scope.

Products and Services

• Banking Accounts: Auburn Bancorp, Inc. provides a diverse range of accounts, including demand accounts, money market accounts, NOW accounts, savings accounts, and certificates of deposit. These options cater to both personal and business banking needs, ensuring flexibility and convenience for managing finances.
• Depository Services: The company offers a variety of depository services like checking accounts, personal certificate of deposit, personal IRAs, health savings accounts, business checking and savings accounts, and non-profit checking deposits. These services are designed to meet the distinct demands of individual and corporate clients, enabling them to save and manage their money effectively.
• Loan Services: A comprehensive range of loan products is available, including but not limited to mortgages, construction loans, home equity loans, and auto loans. Auburn Bancorp, Inc. also extends one- to four-family residential mortgage loans, construction and residential loans, commercial and multi-family real estate loans, commercial business loans, and automobile loans. Additionally, it offers loans secured by deposit accounts, unsecured personal loans, home equity lines of credit and loans, as well as term loans and revolving lines of credit. These loan services are designed to support the financial goals of customers, be it for home ownership, business expansion, or personal needs.
• Electronic Banking: In the digital age, Auburn Bancorp, Inc. makes banking accessible through its ATM and online banking services, allowing customers to manage their finances anytime and anywhere. This convenience is vital for meeting the day-to-day banking needs of its tech-savvy customers.
• Card Services: The bank issues debit and credit cards, offering a secure and convenient way to make purchases or transactions. These card services further enhance the banking experience by providing an easy access to funds.
• Merchant Program Business Services: Auburn Bancorp, Inc. also caters to the needs of business clients through its merchant program business services. These services are tailored to help businesses manage their financial transactions smoothly, facilitating everything from payments processing to cash management.