Kennebec Savings Bank
FDIC #17897
📍 Augusta, Maine
Kennebec Savings Bank is a commercial bank (si) established in 03/19/1870. With assets of $1.67 Billion, it operates 8 domestic branches.
Customer Reviews
N/A ★
Based on 0 ratings
Write a Review
Reviews are moderated before posting. No profanity or personal attacks.
No reviews yet.
Community Reinvestment Act (CRA) Rating
Latest Exam: August 1, 2023
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
August 1, 2023
Satisfactory
May 1, 2020
Satisfactory
May 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$1.67 Billion
Total Deposits$1.32 Billion
Equity Capital$196.83 Million
Net Income$4.75 Million
📈 Performance
ROA0.38%
ROE3.18%
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
Established03/19/1870
FDIC Cert17897
Holding CoKennebec Savings Mhc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:30 AM - 5:00 PM
Tuesday7:30 AM - 5:00 PM
Wednesday7:30 AM - 5:00 PM
Thursday7:30 AM - 6:00 PM
Friday7:30 AM - 6:00 PM
Saturday8:00 AM - 12:30 PM
SundayClosed
📜 Institutional History
2021
Merger / Acquisition
Acquired: Kennebec Federal Savings And Loan Association Of Waterville
2021
Name Change
Name became: Changed Institution Name To Kennebec Savings Bank.
1995
Merger / Acquisition
Acquired: Waterville Savings And Loan Association