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 yet open to the public at this time due to the COVID-19 pandemic, 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-19 information and resources are available at https://www.maine.gov/covid19/.

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

• June 29, 2021 Order approving the application of Clearstead Trust, LLC to purchase assets of Atlantic Trust, LLC.
• June 29, 2021 Northeast Bank intent to close a branch located in Harrison, Maine.
• June 15, 2021 Partners Bank of New England intent to establish a branch in Kingston, New Hampshire.
• May 26, 2021 Application for Clearstead Trust, LLC to acquire substantially all of the assets of Atlantic Trust, LLC.
• May 18, 2021 Order approving the application to establish a nondepository trust company to be known as Clearstead Trust, LLC.
• May 5, 2021 Gorham Savings Bank intent to close a branch location in Portland, Maine.
• April 2, 2021 JPMorgan Chase Bank, N.A. intent to establish a de novo branch in Saco, Maine.
• April 2, 2021 Notice of Merger of People's United Bank, Bridgeport, CT, with and into M&T Bank, Buffalo, NY.
• March 26, 2021 Application to establish nondepository trust company to be known as Clearstead Trust, LLC.
• March 22, 2021 Notice of Maine State Credit Union to withdraw application of merger with Midcoast Federal Credit Union.
• March 12, 2021 Notice of Merger of Charter Trust Company, Concord, NH and Bar Harbor Trust Services, Ellsworth, ME.
• March 2, 2021 Downeast Credit Union intent to close branch located in Bangor, Maine.
• March 1, 2021 Kennebunk Savings Bank intent to establish de novo branch in Portsmouth, NH.
• January 22, 2021 Androscoggin Savings Bank intent to close a branch located in Brunswick, Maine.
• January 20, 2021 Application of Maine State Credit Union to acquire by merger Midcoast Federal Credit Union.
• 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.
• 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