Maine Extends Reduced Assessment Rates for Financial Institutions

ME BFI Orders & Certificates

Published January 6th, 2026

Detected March 18th, 2026

Summary

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.

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What changed

The Maine Bureau of Financial Institutions has issued an order extending previously established reduced annual assessment rates for Maine-chartered financial institutions. This extension applies to banks, credit unions, nondepository trust companies, uninsured banks, and merchant banks, and will remain in effect for four quarters, covering the period up to the assessment fees collected for the quarter ending December 31, 2026. The specific rates and the fee calculation process remain unchanged from previous periods.

Financial institutions operating under a Maine charter should be aware that the reduced assessment rates will continue to apply. The fee calculation for the quarter ending March 31, 2026, will be reflected on assessment forms distributed in April 2026. No changes to the collection process are noted. The order is effective January 6, 2026, and will remain in place unless sooner revoked.

Source document (simplified)

BUREAU OF FINANCIAL INSTITUTIONS DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION STATE OF MAINE ORDER TO EXTEND REDUCED ASSESSMENT RATE FOR MAINE-CHARTERED FINANCIAL INSTITUTIONS The Superintendent of the Bureau of Financial Institutions (Bureau), under authority found in 9-B M.R.S. § 214, hereby issues this order extending the reduced annual assessment rates for Maine-chartered financial institutions. Banks and credit unions - For quarter ending March 31, 2026, the annual assessment rate for Maine-chartered banks and credit unions subject to the Bureau’s assessment regulation, 02-029 C.M.R. ch. 131 (2004) (Regulation #31), will continue to be $0.05 for each $1,000 of the institution’s total average assets resulting in a quarterly rate of $0.0125. Limited purpose banks - For quarter ending March 31, 2026, the annual assessment rate for Maine-chartered nondepository trust companies, uninsured banks, and merchant banks subject to the Bureau’s assessment regulation, 02-029 C.M.R. ch. 141, (2022) (Regulation #41) will continue to be (a) $4,000 or (b) $0.075 for each $10,000 in fiduciary assets under the institution’s management resulting in a quarterly rate of $0.0188. The fee calculation will be reflected on the Bureau’s assessment forms distributed in April, 2026 and will apply to assessment fees collected for the quarter ending March 31, 2026. The process for collection of assessment fees remains unchanged. This order, if not sooner revoked, will remain in place for 4 quarters until assessment fees are collected for the quarter ending December 31, 2026. Any person aggrieved by this order shall be entitled to judicial review of the order in accordance with the Maine Administrative Procedures Act, Title 5, Chapter 375, Subchapter 7. By order of the Superintendent, Effective January 6, 2026. /s/ Lloyd P. LaFountain, III Superintendent Gardiner, Maine January 6, 2026