The Graveyard › Banks › 1991
Maine Savings Bank
Portland, ME · failed February 1, 1991 · FDIC certificate 17721
Maine Savings Bank of Portland, ME failed on February 1, 1991. It opened in 1859, 132 years before. At its last report before that it held $1.2 billion in assets and $1.2 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $1.7 billion. The FDIC estimates that the Bank Insurance Fund lost $184.2 million on it.
1984-031990-12
Assets at the end$1.2 billionlast report before February 1, 1991
Deposits at the end$1.2 billion
Estimated loss to the fund$184.2 millionBIF
Largest in the quarterly reports$1.7 billionSeptember 30, 1988
Equity to assets-7.8%December 31, 1990
Loans not being repaid14.2%noncurrent, December 31, 1990
Return on assets-6.41%a year's rate, December 31, 1990
Staff496full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.