Husson University and Bangor Savings Bank Work Together To Make Education Convenient for Bank Employees

Tuesday, October 1, 2019 - 11:56 am

BANGOR, Maine (September 27, 2019)—Bangor Savings Bank (BSB) and Husson University are partnering again to help BSB employees to earn their undergraduate degrees. Students have the choice of taking courses online or attending classes at any of Husson University’s campuses.

“With 59 branches across Maine and New Hampshire, Bangor Savings Bank employees are spread out over a sizeable geographic area,” said Marie Hansen, J.D., Ph.D., SHRM-SCP, dean of the College of Business and the New England School of Communications (NESCom) at Husson University. “Our robust online capabilities, along with our campuses in southern Maine, northern Maine and Bangor, are ideally suited to reach all of these busy professionals and help them complete their undergraduate degree studies.

“Continuing to invest in our employees by helping them find ways to achieve their goals is who we are as a company—the completion of undergraduate degrees is one way Bangor Savings Bank does that,” said bank President and CEO Bob Montgomery-Rice. “With thanks to Husson for their partnership, we hope that we are able to set an example for others.”

Bangor Savings Bank employees can take up to six undergraduate courses each calendar year at no cost to the employee. This corresponds to one course in every seven-week term. Employees have the option of taking 15-week versions of these courses on any of the university’s campuses and taking more than one course at a time as long as they don’t exceed six per calendar year. Employees who want to take more than six courses during a calendar year may do so at their own expense.

By emphasizing the use of prior learning assessments, Husson University will provide Bangor Savings Bank employees with the opportunity to earn undergraduate credits. These credits recognize the professional experience and learning BSB employees have acquired outside the traditional classroom. Earning these credits is accomplished through Husson University’s “PA 100 Portfolio Assessment” course, College Level Examination Program tests, proficiency tests or military experience.

Bangor Saving Bank employees will also have the opportunity to submit any college credits taken at other colleges or universities for recognition as transfer credits. Courses that meet the standards set by Husson University will be recognized as credits that count toward the employees’ degrees. These credits will help students to graduate sooner since they won’t have to take as many courses to complete their degree requirements.

“Very often, employees gain valuable knowledge and skills they can apply to their current jobs right away as part of their degree studies,” said Dr. Lynne Coy-Ogan, senior vice president for academic affairs and provost. “In addition to enhancing the productivity and profitability of the organization, partnerships like the one between Bangor Savings Bank and Husson help individual employees reach their career goals. Employees, employers and the university all win when we work together.” 

Bangor Savings Bank, with more than $4.4 billion in assets, offers retail banking to consumers as well as comprehensive commercial, corporate, payroll administration, merchant services, and small business banking services to businesses. The bank, founded in 1852, can be found on the web at bangor.com. The Bangor Savings Bank Foundation was created in 1997. In 2018, the bank and its foundation invested nearly $2.1 million into New England communities in the form of nonprofit sponsorships, grants and partnership initiatives. Bangor Savings Bank is an equal opportunity employer.

Bangor Savings Bank received the highest score in New England in the J.D. Power 2015, 2016, 2018 and 2019 U.S. retail banking satisfaction studies of customers’ satisfaction with their own retail bank. Visit jdpower.com/awards.

For more than 120 years, Husson University has prepared future leaders to handle the challenges of tomorrow through innovative undergraduate and graduate degrees. With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus and off-campus satellite education centers in southern Maine, Wells and northern Maine provide advanced knowledge in business, health and education, pharmacy studies, science and humanities, and communication. In addition, Husson University has a robust adult learning program. According to a recent analysis by U.S. News & World Report, Husson University is the most affordable private college in New England. Husson’s MBA program is affordable, accessible and accentuates learning for career advancement. The university is Maine’s leading provider of MBA graduates. For more information about educational opportunities that can lead to personal and professional success, visit Husson.edu.