Saco & Biddeford Savings Institution

Saco & Biddeford Savings Institution


Overview / Commentary
207-284-4591
252 Main Street
Saco, ME 04072

Saco & Biddeford Savings Institution is headquartered in SACO and is the 12th largest bank in the state of Maine. It is also the 788th largest bank in the nation. It was established in 1827 and as of September of 2023, it had grown to 206 employees at 8 locations. Saco & Biddeford Savings Institution has a B health rating.

Reviews (1)

HORRIBLE BANK

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!!!!



Health

Health Grade Components

Overall
FDIC Certificate #17743
Year Established1827
Employees206
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.46%
Annual Interest Income$37.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.34B$1.25B
LoansQ3 2023vs Q3 2022$1.05B$949MM
DepositsQ3 2023vs Q3 2022$962.5MM$1.02B
Equity CapitalQ3 2023vs Q3 2022$114MM$115MM
Loan Loss AllowanceQ3 2023vs Q3 2022$4.7MM$4.9MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$4.9MM$2.1MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates

Rates for Saco & Biddeford Savings Institution are currently being reviewed.

Locations


Saco & Biddeford Savings Institution Locations
Old Orchard Beach Branch2 Portland AvenueOld Orchard Beach, ME 04064
Saco & Biddeford Savings Institution252 Main StSaco, ME 04072
Scarborough Branch41 Gorham RoadScarborough, ME 04074
South Portland Branch601 BroadwaySouth Portland, ME 04106
Biddeford Branch160 Shops WayBiddeford, ME 04005
Westbrook BranchHannaford DriveWestbrook, ME 04092
Commercial Street Portland Branch136 Commercial StreetPortland, ME 04101

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