State Banking

Maine Extends Reduced Assessment Rates for Financial Institutions

The Maine Bureau of Financial Institutions has extended reduced annual assessment rates for Maine-chartered banks and credit unions. The reduced rates will apply for assessment fees collected for the quarter ending March 31, 2025, and will remain in place until December 31, 2025.

Maine Extends Reduced Assessment Rates for Financial Institutions

The Maine Bureau of Financial Institutions has issued an order extending reduced annual assessment rates for Maine-chartered financial institutions, including banks and credit unions. The reduced rates will continue through the quarter ending December 31, 2026.

Maine Warns Consumers of CARES Act Payment Scams

The Maine Bureau of Financial Institutions is warning consumers about an anticipated increase in scams related to direct payments under the CARES Act. The notice advises vigilance against requests for personal information and directs consumers to the IRS website for official information.

FAME Loan Guarantee Program for COVID-19 Borrowers

The Maine Bureau of Financial Institutions announced a new FAME Loan Guarantee Program to assist borrowers affected by COVID-19. Maine banks and credit unions can participate in offering consumer loans up to $5,000 and partner with the SBA for business loans.

Maine BFI Guidance on Financial Institutions Assisting Coronavirus-Affected Customers

The Maine Bureau of Financial Institutions issued guidance encouraging financial institutions to assist customers affected by the Coronavirus. The Bureau will provide regulatory assistance and will not criticize prudent efforts to modify loan terms or waive fees for affected customers.

Loan Guarantee Program for Government Shutdowns

The State of Maine has launched a Government Shutdown Loan Guarantee Program, established by LD874, for eligible financial institutions. Administered by FAME, the program guarantees repayment of a portion of loans made to federal or state employees affected by government shutdowns, with an initial Guarantee Fund allocation of $250,000.

Maine Warns Consumers of Holiday Financial Scams

Maine's Bureau of Financial Institutions issued a notice warning consumers about potential financial scams during the holiday season. The notice advises vigilance against phishing, gift card scams, and fake charities, urging consumers to monitor accounts and protect personal information.

State Banking Board Meeting Cancellation

The Arkansas State Bank Department has cancelled the Regular Meeting of the State Banking Board previously scheduled for January 15, 2026. The notice was issued on December 8, 2025.

Eagle Bank & Trust Company Branch Closure Extended

The Arkansas Bank Commissioner has issued an amendment to a previous order, extending the permitted closure of Eagle Bank & Trust Company's Rose Bud, Arkansas branch. The extension allows for additional time for rebuilding following destruction to the branch.

State Banking Board Meeting Notice - Merger Application

The Arkansas State Bank Department has issued a notice for a special meeting of the State Banking Board on March 19, 2026. The board will consider an application for the merger of Mountain Commerce Bank with Centennial Bank.