Data / Bank failures / 1992 / First Fsa
First Fsa, Lewiston, ME: failed May 21, 1992
First Fsa in Lewiston, Maine, failed on May 21, 1992. Kingfield SB of Kingfield, ME, took over its deposits. It held $83 million in assets and $76.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.8 million (14.2% of its assets). By assets it was the 99th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- May 21, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Kingfield SB, Kingfield, ME
- Total assets
- $83,004,000
- Total deposits
- $76,333,000
- Estimated cost to the FDIC
- $11,773,072 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 29650
Other bank failures in Maine, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Maine Savings Bank | Portland | February 1, 1991 | $1.18 billion | $1.19 billion | $184.2 million | Fleet Bank of Maine |
| Maine National Bank | Portland | January 6, 1991 | $1.05 billion | $944.7 million | New Maine National Bank | |
| American FSB | Sanford | January 11, 1990 | $51.8 million | $39.8 million | $14.2 million |
All bank failures in 1992 · All bank failures in Maine · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.