Franklin Savings Bank
FDIC #19836
📍 Farmington, Maine
Franklin Savings Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 11/16/1868. With assets of $636.05 Million, it operates 8 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: April 11, 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
April 11, 2022
Outstanding
November 5, 2018
Outstanding
October 15, 2013
Outstanding
💰 Financial Strength
Total Assets$636.05 Million
Total Deposits$487.13 Million
Equity Capital$119.01 Million
Net Income$4.12 Million
📈 Performance
ROA0.91%
ROE4.64%
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
Established11/16/1868
FDIC Cert19836
Holding CoFsb 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 - 5:00 PM
Saturday8:30 AM - 12:00 PM
SundayClosed
📜 Institutional History
2003
Relocation
Moved HQ to: 197 Main Street, Farmington, ME 04938.
1977
Name Change
Name became: Changed Institution Name To Franklin Savings Bank.
1975
Name Change
Name became: Changed Institution Name To Franklin County Savings Bank.