Case Study: Bangor Savings Bank grows low-cost deposits with Treasury Prime embedded banking software

Bangor Savings Bank selects 23 fintech programs in 9 months with Treasury Prime

Bangor Savings Bank, a 172-year-old community bank, sought to position itself at the forefront of technology and drive low-cost deposit growth through embedded finance. To achieve this, the bank partnered with the embedded banking software provider Treasury Prime to forge innovative fintech partnerships and reach new markets.

By leveraging Treasury Prime's platform and multi-bank network, Bangor Savings Bank gained access to vetted fintech partners. This allowed them to rapidly select and onboard 23 fintech programs within nine months, leading to an 80% compounding monthly deposit growth rate. Treasury Prime's dynamic API technology and collaborative approach were instrumental in helping the bank build a sustainable Banking as a Service (BaaS) operation focused on compliance and innovation.

Bangor Savings Bank