Maine National Bank
Portland, ME · Owner: Bank of New England Corp
$1.0B
total assets, December 31, 1990
$1.0B
total assets, December 31, 1990
Maine National Bank was a national bank in Portland, ME, owned by Bank of New England Corp. It failed on Jan 6, 1991, and New Maine National Bank took over its deposits. At its last report it held $1.0 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Jan 6, 1991
- Assets
- $1.0B
- Deposits
- $945M
- Estimated cost
- $0
- Deposits went to
- New Maine National Bank, Portland, ME
Total assets
$1.0B
-16.7% in a year · -0.4% in a quarter
Deposits
$945M
-15.6% in a year · 0.0% in a quarter
Loans
$711M
-14.6% in a year · -3.1% in a quarter
Profit so far
$1.5M
Jan 1 to Dec 31, 1990
Capital ratio
6.19%
+1.22 pts in a year
Return on assets
0.14%
+0.81 pts in a year
Facts
- Type
- National bank
- Head office
- 400 Congress Street, Portland, ME, 04111
- County
- Cumberland
- Holding company
- Bank of New England Corp
- Established
- Oct 7, 1889
- Failed
- Jan 6, 1991
- Employees
- 759
- Id
- b4275
Quarter by quarter
March 31, 1984 to December 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Maine National Bank?
$1.0 billion in total assets and $944.7 million in deposits as of December 31, 1990, with assets down 16.7% from a year before. Its loans were $711.2 million.
Is Maine National Bank profitable?
Yes: it earned $1.53 million from January 1 to December 31, 1990. Its return on assets was 0.14% a year; about 1% is typical.
Who owns Maine National Bank?
Maine National Bank is owned by Bank of New England Corp, its holding company.
When did Maine National Bank fail?
Jan 6, 1991. New Maine National Bank of Portland, ME took over its deposits.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.