Data / Bank failures / 1991 / Maine National Bank
Maine National Bank, Portland, ME: failed January 6, 1991
Maine National Bank in Portland, Maine, failed on January 6, 1991. New Maine National Bank of Portland, ME, took over its deposits. It held $1.05 billion in assets and $944.7 million in deposits at its last report. By assets it was the 31st largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- January 6, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- New Maine National Bank, Portland, ME
- Total assets
- $1,045,658,000
- Total deposits
- $944,665,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 4275
Other bank failures in Maine, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Fsa | Lewiston | May 21, 1992 | $83 million | $76.3 million | $11.8 million | Kingfield SB |
| Maine Savings Bank | Portland | February 1, 1991 | $1.18 billion | $1.19 billion | $184.2 million | Fleet Bank of Maine |
| American FSB | Sanford | January 11, 1990 | $51.8 million | $39.8 million | $14.2 million |
All bank failures in 1991 · All bank failures in Maine · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.