Saco & Biddeford Savings Institution is headquartered in SACO and is the 12th largest bank in the state of Maine. It is also the 802nd largest bank in the nation. It was established in 1827 and as of March of 2023, it had grown to 205 employees at 8 locations. Saco & Biddeford Savings Institution has a B+ health rating.
I have been banking at Saco And Biddeford Savings for 23 years. My recent interactions with them has been extremley poor! I have been charged overture fees on my checking account when there have been deposits sitting in the night box for two days. trying to address the issue with the bank has left me extremly frustrated and aggravated ! The staff I have dealt with have been rude, and confrontational. They returned bills when there was a deposit there to cover them. Only after they charged me overture fees and returned my bills did they apply my deposit that had been sitting there the whole time!!! I strongly urge anyone looking to bank here to really do their homework!!!! I feel this is a very crooked attempt to charge clients fees that should not be there to make the bank money!!! I am spreading the word on how this bank operates so other unsuspecting people won't have the same issues! I also
had started a small business recently and went to Saco and Biddeford Savings to have them look at my business plan, so I could apply for a small business loan
and have them review it to see if they needed more information ,that was 3 .5 months ago and I never even got a return phone call and this is after 23 years of banking with them. Apparently I am not important enough to give good customer service to! I think it's the bank itself with horrible service and customer relations. I strongly urge people to NOT use this bank!!!!
Overall | |
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FDIC Certificate # | 17743 |
Year Established | 1827 |
Employees | 205 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.09% |
Return on Equity - YTD | 0.91% |
Annual Interest Income | $11.9MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $1.30B$1.16B |
Loans | Q1 2023vs Q1 2022 | $1.00B$913.0MM |
Deposits | Q1 2023vs Q1 2022 | $997.6MM$899.1MM |
Equity Capital | Q1 2023vs Q1 2022 | $122.2MM$126.8MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $4.7MM$5.0MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $2.5MM$3.6MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
Rates for Saco & Biddeford Savings Institution are currently being reviewed.
Saco & Biddeford Savings Institution Locations | ||
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Old Orchard Beach Branch | 2 Portland Avenue | Old Orchard Beach, ME 04064 |
Saco & Biddeford Savings Institution | 252 Main St | Saco, ME 04072 |
Scarborough Branch | 41 Gorham Road | Scarborough, ME 04074 |
South Portland Branch | 601 Broadway | South Portland, ME 04106 |
Biddeford Branch | 160 Shops Way | Biddeford, ME 04005 |
Westbrook Branch | Hannaford Drive | Westbrook, ME 04092 |
Commercial Street Portland Branch | 136 Commercial Street | Portland, ME 04101 |