Androscoggin Savings Bank
FDIC #17751
📍 Lewiston, Maine
Androscoggin Savings Bank is a commercial bank (si) established in 01/01/1870. With assets of $1.58 Billion, it operates 11 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2022
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
December 1, 2022
Satisfactory
September 1, 2019
Satisfactory
May 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$1.58 Billion
Total Deposits$1.30 Billion
Equity Capital$128.89 Million
Net Income$6.73 Million
📈 Performance
ROA0.59%
ROE6.99%
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
Established01/01/1870
FDIC Cert17751
Holding CoAndroscoggin 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 - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 4:00 PM
Friday8:30 AM - 4:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
1999
Merger / Acquisition
Acquired: Livermore Falls Trust Company
1979
Relocation
Moved HQ to: 30 Lisbon Street, Lewiston, ME 04240.
1977
Relocation
Moved HQ to: 30 Libson Street, Lewiston, ME 04240.
1975
Name Change
Name became: Changed Institution Name To Androscoggin Savings Bank.
1974
Name Change
Name became: Changed Institution Name To Androscoggin County Savings Bank.