Failures by State
Bank Failures in Maine
5 FDIC-insured banks headquartered in Maine have failed since 1955. The most recent was First FSA on May 21, 1992. The worst year was 1991, with 2 failures. Failed banks held $2.37B in assets at closing.
5
Failures
1955 to 1992
$2.37B
Failed assets
At closing
$210.2M
Estimated DIF loss
FDIC estimate
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Largest bank failures in Maine
| Date | Bank | Assets |
|---|---|---|
| Feb 1, 1991 | Maine Savings Bank | $1.18B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| May 21, 1992 | First FSA | $83.0M |
| Jan 11, 1990 | American FSB | $51.8M |
| Oct 3, 1955 | Frontier Trust Company | $6.0M |
Maine bank failures by year
Every bank failure in Maine
| Date | Bank | Assets |
|---|---|---|
| May 21, 1992 | First FSA | $83.0M |
| Feb 1, 1991 | Maine Savings Bank | $1.18B |
| Jan 6, 1991 | Maine National Bank | $1.05B |
| Jan 11, 1990 | American FSB | $51.8M |
| Oct 3, 1955 | Frontier Trust Company | $6.0M |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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