Business Details
50+ Years
experience
Your Trusted Community Bank in Bath, ME
Founded in 1935 with just $2,635 in assets, First Federal Savings & Loan Association Of Bath has grown to manage nearly $180 million in assets while maintaining its commitment to community-focused banking. As a federally chartered mutual institution, we have served Lincoln and Sagadahoc counties for over 85 years, offering a wide range of financial products including checking, savings, certificates of deposit, IRAs, and money market accounts. Our mission centers on providing personalized service in a friendly environment, supported by 24-hour ATMs and branches in Bath, Boothbay Harbor, Damariscotta, and Wiscasset.We prioritize local investment, mirroring our customers' values through community involvement initiatives like annual nonprofit support on Patriot's Day. Backed by FDIC insurance and NMLS# 412684 certification, we combine decades of experience with modern banking solutions like mobile apps, digital wallets, and loyalty programs that reward customer relationships. Our team of seasoned professionals, including senior leadership with decades of local banking expertise, ensures compliance with strict regulatory standards while maintaining the personalized touch of a neighborhood financial partner.
Services
Checking Accounts
Savings Accounts
Certificates of Deposit
IRA Accounts
Money Market Accounts
ATM Services
Online Banking
Bill Pay
Overdraft Protection
Details
- Year established: 1935
Highlights and features
- 85+ years of community banking experience in mid-coast Maine
- Locally invested with decision-making staying in the community
- 24/7 ATM access across multiple branch locations
- FDIC-insured accounts protecting customer deposits
- Personalized service from experienced local banking professionals
Associations and certifications
- FDIC
- NMLS
Services
Checking Accounts
Our NOW and ECO checking accounts offer no monthly fees with features like MasterMoney cards, online banking, and overdraft protection. ECO Checking requires direct deposit and eliminates paper statements to support environmental sustainability. Overdraft services connect to savings accounts or credit lines for financial flexibility.
Savings Accounts
Statement savings accounts provide monthly transaction records with federal regulation allowing six transfers per cycle. Winter Fuel Fund accounts help budget heating costs with receipt-verified withdrawals. Minimum opening deposits start at $10 while maintaining $100 average balances avoids service fees.
Certificates of Deposit
Choose from 6-month to 54-month term CDs with rates up to 3.05% APY. Loyalty program members earn additional rate points on qualifying deposits. Early withdrawal penalties apply to protect investment growth while FDIC insurance safeguards principal amounts up to regulatory limits.
IRA Accounts
Traditional and Roth IRA options help build retirement savings with tax advantages. Traditional IRAs offer deductible contributions while Roth IRAs provide tax-free distributions. Competitive rates up to 3.82% APY apply to 18-month certificates specifically designed for retirement planning.
Money Market Accounts
Premier Money Market accounts require $10,000 minimums with tiered rates up to 2.02% APY for balances over $100,000. These accounts combine liquidity with higher returns compared to standard savings products while maintaining check-writing privileges for convenient access.
People
Christine Thiboutot
Senior Vice President
With decades of local banking experience, Christine oversees operations at our main office, ensuring personalized service and community-focused financial solutions for residents and businesses in mid-coast Maine.
Rebecca Brawn
Assistant Vice President
Managing the Congress Avenue branch, Rebecca brings extensive knowledge of community banking services, specializing in helping customers navigate digital banking tools and investment options.
Laurie Simmons
Branch Manager & Assistant Vice President
Leading Boothbay Harbor operations, Laurie focuses on building local partnerships while delivering tailored financial solutions that support coastal community residents and seasonal residents.
Questions
What identification do I need to open an account?
Valid non-expired picture ID (driver's license) and social security card are required. Minors need a parent/guardian for certain accounts.
How do I report a lost or stolen debit card?
Call 1-833-221-8637 within the US or 1-614-564-5105 internationally to immediately report lost/stolen cards.
Are my deposits insured?
Yes, all accounts are FDIC-insured up to applicable limits with additional security through NMLS# 412684 certification.
Can I access banking services online?
Our digital platform offers mobile check deposit, bill pay, account transfers, and 24/7 balance access through secure online banking.
What community initiatives do you support?
Employees annually support local nonprofits on Patriot's Day with ongoing involvement in community events and customer appreciation programs.