Data / Bank failures / 1991 / Maine Savings Bank
Maine Savings Bank, Portland, ME: failed February 1, 1991
Maine Savings Bank in Portland, Maine, failed on February 1, 1991. Fleet Bank of Maine of Portland, ME, took over its deposits. It held $1.18 billion in assets and $1.19 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $184.2 million (15.6% of its assets). By assets it was the 23rd largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- February 1, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Fleet Bank of Maine, Portland, ME
- Total assets
- $1,182,519,000
- Total deposits
- $1,191,224,000
- Estimated cost to the FDIC
- $184,197,046 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 17721
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 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 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.