Application for Corient Maine Trust Company, LP to acquire substantially all of the trust assets of H.M. Payson & Co.
Corient Maine Trust Company, LP, Portland, Maine, a Maine nondepository trust company in formation, has applied to the Superintendent of the Bureau of Financial Institutions, pursuant to Title 9-B M.R.S. Chapter 35, for approval to acquire substantially all of the trust assets of H.M Payson & Co., a Maine nondepository trust company headquartered in Portland, Maine. If the application is approved, substantially all of the trust assets of H.M Payson & Co will transfer to Corient Maine Trust Company, LP and H.M Payson & Co will pursue a voluntary liquidation.
The public is invited to submit written comments on this application to the Bureau of Financial Institutions, 36 State House Station, Augusta, Maine 04333-0036 or electronically through the Bureau of Financial Institutions’ website at www.maine.gov/pfr/financialinstitutions. A hearing on this application will be held by the Superintendent, as provided in Title 9-B M.R.S. § 252, upon receipt of a bona fide and reasonable request. The Bureau will accept written comments and requests for a hearing through Friday, July 3, 2026. The Superintendent's decision on this application will be based on the decision-making criteria set forth in Title 9-B M.R.S. § 253.
/s/ Lloyd P. LaFountain III
Superintendent
Gardiner, Maine