Data / Bank failures / Maine
Bank failures in Maine: 5 banks since 1955
5 banks in Maine failed between 1955 and 1992, holding $2.37 billion in assets and $2.26 billion in deposits. The FDIC estimates the cost to its insurance fund at $210.2 million. The FDIC also assisted 1 open bank without closing it. The largest: Maine Savings Bank ($1.18 billion), Maine National Bank ($1.05 billion), First Fsa ($83 million). By decade: 1950s 1, 1980s 1, 1990s 4.
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| 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 |
| 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 | |
| Sun S&LA (assistance) | Portland | October 4, 1985 | $231.9 million | $177.1 million | $17.5 million | Sun SAVINGS&LOAN Assn |
| Frontier Trust Company | Fort Fairfield | October 3, 1955 | $6 million | $5.5 million |
Other states
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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.