Norway Savings Bank
FDIC #17658
📍 Norway, Maine
Norway Savings Bank is a commercial bank (si) established in 01/01/1866. With assets of $1.85 Billion, it operates 25 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: February 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
February 1, 2024
Outstanding
February 1, 2021
Outstanding
March 1, 2018
Outstanding
💰 Financial Strength
Total Assets$1.85 Billion
Total Deposits$1.54 Billion
Equity Capital$184.92 Million
Net Income$8.98 Million
📈 Performance
ROA0.66%
ROE6.22%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1866
FDIC Cert17658
Holding CoNorway Bcorp Mhc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
Saturday8:00 AM - 1:00 PM
SundayClosed
📜 Institutional History
2001
Merger / Acquisition
Acquired: Coastal Bank
1988
Name Change
Name became: Changed Institution Name To Norway Savings Bank.