MAINE NATIONAL BANK Failed 1991

What happened

MAINE NATIONAL BANK of PORTLAND, ME was closed on 1991-01-06. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to NEW MAINE NATIONAL BANK (PORTLAND, ME). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2988

FDIC Certificate

4275

FDIC FIN

4311

Bank name

MAINE NATIONAL BANK

Location

PORTLAND, ME

Failure date

1991-01-06

FDIC resolution date

1991-07-14

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$0M

Deposits at failure

$945M

Assets at failure

$1,046M

Acquiring bank

NEW MAINE NATIONAL BANK (PORTLAND, ME)