Bank failure · ME
Maine Savings Bank (Portland, ME) — failed February 1, 1991
Maine Savings Bank of Portland, Maine was closed on February 1, 1991 and resolved through a purchase and assumption. Fleet Bank of Maine (ME) took over its insured deposits. At failure it held $1.2B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $184.2M (15.6% of assets).
- Closing date
- February 1, 1991
- FDIC certificate #
- 17721
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Fleet Bank of Maine
- Insurance fund
- BIF
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