ME BFI Orders & Certificates

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.

Bar Harbor Bank Merger with Woodsville Guaranty Approved

The State of Maine Bureau of Financial Institutions has approved the merger application of Bar Harbor Bank & Trust with Woodsville Guaranty Savings Bank. The approval also covers the merger of their respective bank holding companies, Bar Harbor Bankshares and Guaranty Bancorp, Inc. The transaction is expected to strengthen Bar Harbor Bank's position in the Northern New England market.

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.