Which banks are lending on multifamily and commercial real estate in Maine?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
22 FDIC-insured banks headquartered in Maine with under $100 billion in assets held $3.2 billion of multifamily loans and $14.5 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at Northeast Bank and Bangor Savings Bank. 47.5% of the state's bank CRE sits at banks at or above the 300% monitoring level, rank 4 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the Maine data (CSV)
Maine bank CRE at a glance
| Measure | Maine | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 22 | 4,281 | 39 |
| Multifamily loans | $3.2B | $405.2B | 30 |
| Total CRE loans | $14.5B | $1,600.5B | 33 |
| Multifamily growth, year over year | +10.3% | +3.5% | 14 (tied) |
| CRE growth, year over year | +11.7% | +3.4% | 1 |
| Share of CRE at banks at or above 300% | 47.5% | 25.0% | 4 |
| Share of CRE at banks at or above 200% | 86.8% | 71.0% | 11 |
| Banks growing multifamily | 10 of 15 (66.7%) | 670 of 1,066 (62.9%) | 16 (tied) |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: Maine banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 15 such Maine banks with a multifamily book of $25 million or more a year earlier, the 10 whose book is larger now; the rank orders that share.
What stands out in Maine
47.5% of Maine's bank CRE sits at banks at or above the 300% monitoring level, ranking 4th highest of the 43 ranked states (U.S.: 25.0%).
More of this state's bank CRE sits at banks near their concentration limits, so a bank that isn't growing its book may say no on size alone.
Like for like, Maine's banks' multifamily books grew 10.3% in the year to June 30, 2026, tied for the 14th highest of the 43 ranked states (U.S.: +3.5%).
Banks here added multifamily loans faster than banks nationally, so a local bank is more likely to have room for a new apartment loan.
Which Maine banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | NORTHEAST BANK | PORTLAND | $652.9M | +12.7% | 464.3% | +85.5% |
| 2 | BANGOR SAVINGS BANK | BANGOR | $425.1M | +17.6% | 242.8% | +23.8% |
| 3 | CAMDEN NATIONAL BANK | CAMDEN | $391.1M | −1.9% | 260.7% | +31.8%† |
| 4 | BAR HARBOR BANK&TRUST | BAR HARBOR | $332.1M | +6.3%‡ | 334.7% | +27.5%† |
| 5 | MAINE COMMUNITY BANK | PORTLAND | $304.6M | +20.4% | 366.6% | +292.5%† |
| 6 | MACHIAS SAVINGS BANK | MACHIAS | $209.2M | +9.7% | 251.3% | +14.2% |
| 7 | KENNEBUNK SAVINGS BANK | KENNEBUNK | $157.1M | +7.0% | 389.2% | +30.4% |
| 8 | FIRST NATIONAL BANK | DAMARISCOTTA | $139.8M | +2.1% | 190.7% | +4.5% |
| 9 | NORWAY SAVINGS BANK | NORWAY | $124.3M | +52.4% | 178.3% | +48.0% |
| 10 | KATAHDIN TRUST CO | PATTEN | $108.3M | −3.9% | 295.7% | +31.4% |
| 11 | ANDROSCOGGIN SAVINGS BANK | LEWISTON | $87.7M | −10.1% | 264.4% | +35.6% |
| 12 | SACO&BIDDEFORD SVG INST | SACO | $59.5M | +28.0% | 202.5% | +28.4% |
| 13 | PARTNERS BANK OF NEW ENGLAND | SANFORD | $55.3M | +20.6% | 214.5% | +23.4% |
| 14 | KENNEBEC SAVINGS BANK | AUGUSTA | $38.8M | −2.1% | 76.9% | −16.4% |
| 15 | FRANKLIN SAVINGS BANK | FARMINGTON | $33.1M | +20.2% | 73.3% | +23.2% |
| 16 | BATH SAVINGS INSTITUTION | BATH | $32.4M | −10.8% | 107.7% | +9.3% |
| 17 | SKOWHEGAN SAVINGS BANK | SKOWHEGAN | $5.6M | +20.6% | 79.5% | +21.2% |
| 18 | AUBURN SAVINGS BANK FSB | AUBURN | $4.7M | +11.4% | 121.4% | +25.4% |
| 19 | ROCKLAND SAVINGS BANK FSB | ROCKLAND | $1.7M | −20.6% | 70.9% | +15.7% |
| 20 | FIRST FS&LA OF BATH | BATH | $0.5M | −42.6% | 19.0% | −31.4% |
| 21 | AROOSTOOK COUNTY FS&LA | CARIBOU | $0.4M | −4.8% | 2.4% | −9.8% |
| 22 | BAR HARBOR SAVINGS&LOAN ASSN | BAR HARBOR | $0.1M | −28.9% | 104.3% | +26.6% |
‡ / † 3 of these 22 Maine banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. None is headquartered in Maine.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every Maine bank (CSV)Every state, and the national picture →
What this means if you're a borrower in Maine
If a Maine bank turns your loan down, ask whether it was the deal or the bank's own concentration. A bank at or above the monitoring level can decline a sound loan, and the same file may fit a bank with room on its books.
Banks that are adding multifamily loans tend to compete for them, so it is worth asking more than one Maine bank before taking the first terms you see.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for Maine properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any Maine bank by name or FDIC certificate number to confirm its headquarters and status.
- Maine banks, bank by bank (CSV) — The 22 banks headquartered in Maine, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
Maine bank CRE: common questions
Which banks in Maine hold the most multifamily loans?+
Among banks headquartered in Maine with under $100 billion in assets, Northeast Bank ($652.9 million), Bangor Savings Bank ($425.1 million) and Camden National Bank ($391.1 million) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 22 largest, with each bank's change over the year.
Are Maine banks still growing multifamily?+
Like for like, Maine's banks grew 10.3% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 10 of the 15 Maine banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is Maine bank CRE?+
47.5% of the CRE held by Maine's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: rank 4 of 43 states, against 25.0% nationally. 86.8% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. None is headquartered in Maine. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This Maine page reflects the 22 Maine banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each Maine bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.