Skowhegan Savings Bank is a bank based in Skowhegan, Maine, established in 1869, with $843 million in total assets across 13 branches. By Trust Grade it ranks 7th of 22 banks we track in Maine. Its capital ratio of 14.2% is stronger than 86% of similarly sized banks, versus a Maine median of 10.5%. It was profitable over the most recent period, with a 0.93% return on assets. No consumer complaints against Skowhegan Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Skowhegan Savings Bank compares to Maine peers
How we graded Skowhegan Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.2% capital ratio)
- Profitable (ROA 0.93%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Skowhegan Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (13)
- 13 Elm St, Skowhegan, ME 04976
- 2484 Main St, Rangeley, ME 04970
- 92 Main St, Fairfield, ME 04937
- 9 Main St, Norridgewock, ME 04957
- 284 Main St, Bingham, ME 04920
- 81 Church St, Dexter, ME 04930
- 188 Main St, Madison, ME 04950
- 613 Main St, Jackman, ME 04945
- Sugarloaf Mountain, Carrabassett Valley, ME 04947
- 255 Wilton Rd, Farmington, ME 04938
- 7 Depot St, Kingfield, ME 04947
- 450 Civic Center Dr, Augusta, ME 04330
- 287 Marginal Way, Portland, ME 04101
Are deposits at Skowhegan Savings Bank insured?
Yes. Skowhegan Savings Bank is an FDIC-insured bank (FDIC certificate #19532). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Skowhegan Savings Bank: frequently asked questions
Is Skowhegan Savings Bank a good bank?
Skowhegan Savings Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (14.2% capital ratio); Profitable (ROA 0.93%).
Is Skowhegan Savings Bank FDIC-insured?
Yes. Skowhegan Savings Bank is a FDIC-insured bank (FDIC certificate #19532). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Skowhegan Savings Bank?
Skowhegan Savings Bank holds $843 million in total assets, ranking 7th of 22 banks we track in Maine. It operates 13 branches.
Does Skowhegan Savings Bank have CFPB complaints?
No CFPB complaints against Skowhegan Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
