Fed Corrects Details on Cross-State Bank Merger
Published Date: 6/5/2026
Notice
Summary
Mascoma Mutual Financial Services from New Hampshire is merging with Androscoggin Bancorp in Maine and will also take over Portland Trust Company to offer trust services. This means bigger banking options and new services for customers in these areas. The Federal Reserve fixed a previous notice to make sure everyone knows the details clearly.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Bank Merger Adds Trust Services in NH/ME
Mascoma Mutual Financial Services Corporation of Lebanon, New Hampshire will merge with Androscoggin Bancorp, MHC and thereby acquire Androscoggin Bancorp, Inc. and Androscoggin Savings Bank of Lewiston, Maine. Mascoma will also acquire Portland Trust Company, LLC of Portland, Maine and would provide trust company functions under section 225.28(b)(5) of the Board's Regulation Y. This notice correcting a prior Federal Reserve notice was published in the Federal Register on June 5, 2026.
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Key Dates
Related Federal Register Documents
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Previous / Next Documents
Previous: 2026-11354, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy banks, and the Federal Reserve is checking their applications. If you have thoughts, you can send comments by July 6, 2026. This affects banks, investors, and communities, and could change who controls local banks and their money moves.
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The U.S. International Trade Commission is reviewing whether to keep or end special taxes on forged steel fittings from India and South Korea. This review affects businesses that import or use these steel parts and could impact prices or trade rules soon. The Commission may take up to 90 extra days to decide, so stay tuned for updates!