Blog January 3, 2017
Did you get a new phone recently? Our phones hold more personal information than we may be aware of and simply deleting data is not enough! Click here to read this helpful newsletter from the SANS Institute before you dispose of your mobile device.
Blog December 14, 2016
As 2016 comes to a close, I’d like to share with you reflections from one of the most significant milestone years in the history of Norway Savings Bank.
Blog September 19, 2016
Bike Maine – Day 6: Thursday night was so cold! I wore everything possible and still shivered! It didn't take long for the sun to warm us up as we headed out of Lubec High School...
Blog September 15, 2016
To recap Wednesday - our day off: It was a beautiful morning in Eastport, I walked seven miles exploring several museums and art exhibits.
Blog September 14, 2016
I've decided some Tuesday's are better than others....today was a gem! Started the day at 8:00 am heading inland and passed by Machias Elementary and Elm Street schools and all of the children were cheering us on as we rode by - seriously welled up for a minute...then up, up, UP we rode - expressing gratitude for living and riding in the Oxford Hills!
Blog September 13, 2016
Today’s ride was a 56.2-mile trek from Jonesport to Machias. We started out heading across the bridge to Beals and then began peddling to the east, hugging tightly to the coast northward until crossing the Chandler River. Once we arrived in Jonesboro, we continued on to the Roque Bluffs State Park, a beautiful remote location with a half-mile sandy beach. Too bad we didn’t have time to dip our toes in the water!
Blog September 12, 2016
Over the next seven days, Karen Hakala, SVP of Marketing, will be representing Norway Savings Bank and putting in some serious miles on her bike with Bike Maine! 354 miles to be exact! Karen will be sharing updates with us each day so we can all vicariously experience everything that Bike Maine and the coast of Maine have to offer. Be sure to check back each day to read her blog posts and view photos from the day's events!
Blog August 3, 2016
Every year, millions of consumers fall victim to cybercrime. According to the FBI’s Internet Crime Complaint Center, in 2014, consumers lost more than $800 million from scams initiated through the web. Here are seven tips to help consumers protect themselves from online fraud.
Blog May 6, 2016
For the past two years, Norway Savings Bank has sponsored the A+ Athlete program in partnership with WGME 13 and FOX 23. Community members were asked to submit nominations for students that excel both academically and athletically in our local high schools. Each month from October to April, a panel of judges selected one student to be the A+ Athlete of the Month. The winner received a $250 college scholarship from Norway Savings Bank and was featured in a 30-second commercial that aired on WGME.
Blog October 27, 2015
Corporate account takeover is a type of fraud where thieves gain access to a business’ finances to make unauthorized transactions, including transferring funds from the company, creating and adding new fake employees to payroll, and stealing sensitive customer information that may not be recoverable. Norway Savings Bank recommends following these tips to keep your small business safe.
Blog October 20, 2015
Though the internet has many advantages, it can also make users vulnerable to fraud, identity theft and other scams. According to Symantec, 12 adults become a victim of cybercrime every second. Norway Savings Bankrecommends the following tips to keep you safe online:
Blog September 21, 2015
Today was the final day of my Bike Maine adventure. Although I’m looking forward to sleeping in my own bed, I’m not quite ready for the tour to end. This opportunity to experience a weeklong ride with other cycling enthusiasts from so many different places and backgrounds has been an amazing experience.
Blog September 21, 2015
Read about Barry's Bike Maine experience!
Blog September 20, 2015
Today was the longest ride of the Bike Maine tour - seventy miles from Sweden to Kennebunk. Once again, we got to enjoy the change in scenery from the hills and lakes of western Maine to the sandy beaches and hustle and bustle of southern Maine. Although the scenery is beautiful, it isn’t quite enough to make you forget about those challenging hills that are so plentiful in the western part of the state.
Blog September 18, 2015
It was another picture perfect start for day 5 of Bike Maine. The temperatures started around 55 and by the end of the ride temps reached 85. It looks like more of the same weather for Friday. No complaints from me!
We had the pleasure of riding in the White Mountain National Forest today. This included climbing to the top of Evans Notch and then rapidly descending on the other side. We rode for several miles in New Hampshire and stopped at the Appalachian Mountain Club’s Cold River Camp in Chatham NH for our first rest stop.
Blog September 17, 2015
Today was a rest day in Bethel. There were several different activities available in the area for Bike Maine participants. Some of the riders actually used the day to relax and did a museum tour and shop around town. However, many of the riders just couldn’t stay put and had to get on their bike or do some other type of physical activity. Some of the available activites included kayaking, canoeing, paddleboarding, white water rafting, hiking and, of course, more biking.
Blog September 16, 2015
It was a chilly start to the day but after a good breakfast the sun started to rise and warmed us up for what we anticipated would be a hilly ride. There was some discussion the night before from riders that have never seen a moose and they are paying $30 tonight to go on a tour in the Bethel area to see one. Many of us are thinking this is as close as they are going to get.
Blog September 15, 2015
Today’s ride was a 54-mile trek from Old Orchard to Bridgton. We woke up to the sun and 55 degree temperatures, which was a treat considering the wind and rain that occurred the night before. We started out on relatively flat terrain, but about two-thirds of the way into our ride we approached lots of rolling hills. We had some nice rest stops along the Saco River in Hollis and Limington and rode past a few familiar businesses.
Blog September 14, 2015
Over the next seven days, Barry Towle, VP Security Officer, will be representing Norway Savings Bank and putting in some serious miles on his bike with Bike Maine! Barry will be sharing updates with us each day so we can all vicariously experience everything that Bike Maine and the towns they visit have to offer. Be sure to check back each day to read his blog posts and view photos from the day's events!
The Bike Maine adventure has begun! Over the next seven days, I will pedal 349 miles across southern and western Maine. Norway Savings Bank is a contributing sponsor of Bike Maine, and I am proud to represent the NSB as we work with the Bicycle Coalition of Maine to make Maine better through biking and walking.
Blog August 19, 2015
Going back to school suggests it is the end of summer and the beginning of school supply sales, material lists from new teachers and classes, and long lines at school supply stores. Children disappointed by the finish of their summer vacation are encouraged with the purchase of new clothes, books and occasionally, treats and impulse buys.
According to the U.S. Census Bureau, American shoppers spent $7.4 billion in family clothing stores to get ready for the 2010 back-to-school season. Families spent another $2.2 billion in bookstores during the same period. But this year, you may be wondering how you will be able to get everything your children need without getting into too much debt.
Blog August 12, 2015
It’s that time of year — time to get back into the groove of going to class, doing homework and trying manage a part-time job for some. What it also means is no more extra cash — every penny counts when you’re in college, right? Let’s take a look at some tips to help you get the most out of every dollar you have.
Blog July 27, 2015
Nine in ten parents believe that college is a worthwhile investment. While this statistic from Sallie Mae’s How America Saves for College 2015 report shows that the value placed on higher education is nearly universal, a staggering 84% of parents are also willing to stretch themselves financially in order to make college possible for their children. “Better we have the debt than [our children] have the debt,” Democratic presidential candidate Martin O’Malley was quoted as saying in a recent Washington Post article on student loans and parent borrowers.
The increasing costs of higher education are a part of our current reality, but breaking the bank doesn’t have to be. Making smart financial decisions from the start, and turning good savings behaviors into long-lasting habits can be the ticket to a fruitful and (hopefully) debt free future – for students and parents alike.
Blog July 1, 2015
Whether you are traveling for business or pleasure, there are many things you can do to make your travel experience more enjoyable. Preparation is the key to enjoying your time away from home, no matter what the circumstances may be.
Blog June 29, 2015
Whether you’re preparing to rent or buy, Norway Savings Bank encourages you to be familiar with housing terms that can make the selection of new housing an easier process. Click here to learn more.
Blog June 9, 2015
As college students across the nation graduate and start their careers, financial responsibility should be a top priority. College graduates can make their future even brighter with an early focus on sound financial planning. Establishing a solid financial foundation now will go a long way toward a prosperous future.
Blog June 8, 2015
An important step to finding a home, whether you’re renting or buying, is ensuring that you have a good credit history. Norway Savings Bank suggests the following tips to improve your credit score:
Blog June 5, 2015
Throughout the 2014-2015 school year, Norway Savings Bank has been a proud sponsor of the A+ Athletes program, in partnership with WGME 13 and FOX 23. Community members were asked to submit nominations for students that excel both academically and athletically in our local schools. Each month, from November to May, one nominee was selected as the A+ Athlete of the Month and was featured in a video spot that aired on WGME throughout the month. Visit our YouTube channel to view the videos of all seven A+ Athletes.
On Saturday, May 16, the A+ Athlete of the Month recipients and the top 20 A+ Athlete nominees were recognized at the A+ Athletes Celebration Breakfast at the Norway Savings Bank Arena in Auburn. The student athletes enjoyed breakfast with their families and had the opportunity to take photos and have autographs signed by Angela Bancroft, Dave Cowens and Josh Kennison, members of the NSB Sports Marketing team.
Blog June 2, 2015
Before you can make the transition from renting your home to owning your home, you will need to have a substantial down payment, typically 5 to 20 percent of the home’s value. Norway Savings Bank suggests the following tips to help save for it:
Blog May 28, 2015
Buying your first home is a daunting task. Committing all or most of your life savings, and signing up for a mortgage might be the largest and longest financial obligation you’ll ever have and that is intimidating. However, if you know what to look for and what to avoid, you can bring a level of confidence to a process that seems overwhelming.
Blog April 29, 2015
Claire Owens, Business Development Officer at our Forest Ave office, and Susan Driscoll, Financial Solutions Specialist at our Exchange St office, spent some time with students from the Bright Future program at Portland High School. Bright Future is a group of young men and women that are new arrivals to the United States and are learning about American society through work, volunteerism, government, sports and social interaction. The program is run by Glenn Nerbak of the Portland Mentoring Alliance and Antoni Bazia and Ann Smith of Project Bazia.
Blog April 29, 2015
Budgeting can either make or break your financial stability. Financial mistakes occur from time-to-time, so it is important to know how to reduce your chances of making them and having a solid budget will help you maintain your financial freedom. Let’s take a look at five critical tips to follow to stay on the right course when it comes to budgeting...
Blog April 29, 2015
Phin Sprague, president of Portland Yacht Services, has been a commercial client of Norway Savings Bank for 15 years. Portland Yacht Services performs a variety of services on boats, both small and large. It is a diverse business that employs technicians with high levels of expertise.
In early 2013, Phin sold his property at 58 Fore Street, Portland which had been the home for his primary business, Portland Yacht Services, for many years. To preserve the jobs of his long term employees and his legacy, Phin made the decision to purchase 22 acres of land on West Commercial Street, abutting the Casco Bay Bridge and move his boat repair business to the new location.
Blog April 9, 2015
Nearly eight out of 10 U.S. tax filers will receive a federal tax refund this year. As millions of Americans await reimbursement from Uncle Sam, Norway Savings Bank has highlighted five tips for making the most of their tax refund.
“Smart use of your tax refund can start you on the path to long-term financial security,” said Patricia Weigel, President & CEO. “Instead of going on a spending spree, take a moment to evaluate your financial situation and decide on where those dollars will make the most difference.”
Click here for five tips to put your tax refund to good use.
Blog March 31, 2015
NORWAY, ME– The weeks leading up to April 15th– tax deadline day – are often vulnerable ones for consumers, as W-2s and tax returns containing their personal information circulate over the internet and through the mail.
According to a Javelin Strategy and Research study, 12.7 million Americans were victims of identity fraud in 2014. Though down from 2013, it remains the Federal Trade Commission’s number-one consumer complaint.
Blog February 24, 2015
Over the course of a year we receive thousands of requests for donations and sponsorships. We try very hard to maximize our budget so that we reach as many communities and programs as possible. Our goal is to provide resources that support projects and organizations that provide long-term benefits to our communities. In 2014, we provided donations andsponsorships to 404 nonprofits and programs throughout western and southern Maine.
Blog February 24, 2015
What is your credit reputation? Your credit report and credit score together make up your credit reputation. As soon as you get a credit card, a phone, or even sign up for utilities, you start building what we call a “credit history,” which includes all your status across accounts, total debts, and your payment history. It also contains other details related to your financial activities, such as your known addresses, your date of birth, and your Social Security Number.
Blog February 24, 2015
It has been a very white winter here in Maine and we hope that the snow is bringing business and smiles to many! I would like to take some time to reflect and highlight some of the major accomplishments from 2014. It was a year full of awards and recognitions, new branch openings and new technology implemented to make banking easier for our customers.