Bureau of Financial Institutions

Welcome to the Department of Professional and Financial Regulation, Maine Bureau of Financial Institutions website. We appreciate your virtual visit and look forward to assisting you. Although our building is not open to the public at this time due to the COVID-19 health emergency, our team remains available to help answer your questions, handle your complaints and continue to deliver the high-quality services consumers and industry expect and deserve. Please contact us by email, phone, or other online services and we will assist you with your needs.

Thanks and we look forward to hearing from you.

Links to COVID-9 information for State and Federal Sources are available here.

The Bureau of Financial Institutions supervises all state-chartered financial institutions including banks, credit unions, and nondepository trust companies.

The mission of the Maine Bureau of Financial Institutions is to maintain and promote safe and sound financial practices; ensure the strength, stability and efficiency of all financial institutions; ensure reasonable and orderly competition, thereby encouraging the development and expansion of financial services advantageous to the public welfare; and to maintain close cooperation with other supervisory authorities.

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Comments on Applications or Proposed Regulations

News, Laws, Notices and Application Activity

News

• Superintendent warns of scams related to direct payments to individuals under the CARES Act.
• Statement on working with customers affected by COVID-19
• New FAME and SBA loan programs for borrowers affected by COVID-19
• Maine's Bureau of Financial Institutions warns public about online banking update scams

» All Bureau Press Releases

Notices

• December 8, 2020 Notice of Merger of Deere Employees Credit Union, Moline, IL and Infinity Federal Credit Union, Westbrook, ME.
• December 4, 2020 Application of Morgan Stanley to acquire indirect control of Eaton Vance Trust Company.
• October 26, 2020 JPMorgan Chase Bank, N.A. intent to establish four de novo branches in Maine.
• September 16, 2020 Bangor Savings Bank intent to establish a branch in Manchester, New Hampshire.
• September 16, 2020 Application of Clearstead Advisors, LLC to acquire control of Atlantic Trust, LLC.
• August 25, 2020 JPMorgan Chase Bank, N.A. intent to establish a de novo branch to be located 480 Congress Street in Portland, Maine.
• August 19, 2020 Application of Kennebec Savings Bank to acquire by merger Kennebec Federal Savings and Loan Association; and, related Application of Kennebec Federal Savings and Loan Association for conversion to a Maine bank charter.
• August 14, 2020 Machias Savings Bank intent to close a branch located at 248 State Street, Ellsworth, Maine.
• July 24, 2020 Bar Harbor Bank & Trust intent to close branch located in Topsham, Maine.
• June 5, 2020 Application of Charles Schwab Corporation to acquire indirect control of TD Ameritrade Trust Company.
• May 19, 2020 Bar Harbor Bank & Trust intent to establish a branch in Bedford, NH.
• March 11, 2020 Connected Credit Union notice of intent to amend its bylaws to expand its field of membership.
• March 4, 2020 Application for Bangor Bancorp, MHC to acquire by merger Damariscotta Bankshares, Inc. and to simultaneously merge Damariscotta Bank & Trust Company with and into Bangor Savings Bank.
• February 26, 2020 Bangor Savings Bank intent to establish a branch in Concord, New Hampshire.
• January 15, 2020 Application to merge Winslow Community Federal Credit Union, Winslow, Maine with and into Connected Credit Union, Augusta, Maine.
• November 15, 2019 Northeast Bank intent to close a branch located at 500 Canal Street, Lewiston, Maine.
• October 11, 2019 Bar Harbor Bank & Trust Bank notice of intent to close five branches: two located in the state of New Hampshire and three located in the state of Vermont.
• October 2, 2019 Norway Savings Bank notice of intent to close a branch located at 9 Piper Road, Scarborough, Maine.
• September 20, 2019 Order approving application of Bar Harbor Bank & Trust to acquire branch offices from People's United Bank, National Association.
• September 4, 2019 Regulation 34, Credit Union Service Corporations.
• August 28, 2019 Bangor Savings Bank notice of intent to close branches located in Dixfield and Monmouth, Maine.
• August 7, 2019 Gorham Savings Bank notice of intent to close branch located in Kennebunk, Maine.
• August 2, 2019 Bar Harbor Bank & Trust to acquire 8 branches from People's United Bank N.A.
• July 19, 2019 Order approving the application of Biddeford Savings Bank, Biddeford, Maine to merger with Mechanics Savings Bank, Auburn, Maine.
• June 4, 2019 Maine State Credit Union to amend bylaws to expand field of membership.
• May 1, 2019 Application to merge Mechanics Savings Bank, Auburn, ME with and into Biddeford Savings Bank, Biddeford, ME
• December 10, 2018 Kennebunk notice of intent to close branches in Springvale, ME and Durham, NH.
• December 10, 2018 University Credit Union to amend bylaws to expand field of membership.
• November 7, 2018 Bangor Savings Bank intent to close branch in Bangor, ME.
• November 7, 2018 Sanford Institution for Savings intent to establish a de novo branch to be located at 243 Central Road, Rye, NH
• August 29, 2018 Machias Savings Bank intent to relocate and consolidate its branch office located at 2 Union Street, Suite 301, Portland, ME into its branch office located at 193 Middle Street, Portland, ME
• Notice to all banks and credit unions – Compliance with Unclaimed Property Act

» All Notices

Laws, Rules, Proposed Rules, Bulletins and Advisory Rulings

» All Laws, Rules, Proposed Rules, Bulletins and Advisory rulings