Bangor Savings Bank plans to invest $4 million in opening four new branches in Portland and Falmouth. This expansion will lead to the creation of 23 new jobs, the company said during a news conference in Portland this morning.

The first branch will be located at 180 Middle St. in Portland, and is expected to open by the beginning of July. The other three branch locations, at Allen Avenue/Northgate, Forest Avenue and on Route 1 in Falmouth, are expected to open by January 2011.  
Bangor Savings Bank opened its first Portland branch at 280 Fore St. in 2005. It added three more branches in 2007, at 1048 Brighton Ave., Mill Creek Shopping Center in South Portland, and Oak Hill in Scarborough.