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BANK SUPERINTENDENTíS NOTICE

TO INTERESTED PARTIES

           This is to inform you that we have received applications, pursuant to 9-B, M.R.S. Chapter 105, from Biddeford Savings Bank, Biddeford, Maine, and Mechanics Savings Bank, Auburn, Maine (collectively, the “Banks”) to reorganize into a mutual holding company structure whereby each of the Banks will become a Maine investor-owned universal bank (the “Stock Banks”), each of which will be wholly-owned by Maine Community Bancorp, Inc., a Maryland corporation (the “Stock Holding Company”), which will be wholly-owned by Maine Community Bancorp, MHC, a Maine-chartered mutual holding company (the “Mutual Holding Company”).  Substantially all of the assets and liabilities, including all of the deposit accounts, of each of the Banks will become assets and liabilities of its respective Stock Bank.

You may submit written comments on these applications to the Bureau of Financial Institutions, 36 State House Station, Augusta, Maine 04333-0036 or electronically through the Bureau of Financial Institutions’ website at http://www.maine.gov/financialinstitutions.  A hearing on these applications will be held by the Superintendent, as provided in 9-B M.R.S. Section 252, upon receipt of a bona fide and reasonable request.  The Bureau will accept written comments and requests for a hearing through Friday, August 21, 2015.  The Superintendent's decision on these applications will be based on the decision-making criteria set forth in 9-B M.R.S. Section 253.

                                                             
Lloyd P. LaFountain III
Superintendent

 

Gardiner, Maine
July 22, 2015

 

Last Updated: July 22, 2015