Community Reinvestment Act (CRA)
Skowhegan Savings is committed to supporting the financial health of the communities we serve. Through responsible lending and accessible banking services, we work to meet the credit needs of individuals, families, and small businesses across our region — including low- and moderate-income neighborhoods.
We don’t just work here — we live here. Our employees actively support local organizations and causes that strengthen the communities we’re proud to call home.
Our Community Reinvestment Act (CRA) performance is evaluated by the FDIC, and we remain focused on providing meaningful financial solutions that help our communities grow and thrive.
CRA Public File
In accordance with the Community Reinvestment Act, Skowhegan Savings maintains a CRA Public File that is available for public inspection. The file is updated annually by April 1 and periodically throughout the year as required.
CRA Written Comments
Skowhegan Savings welcomes feedback from the public regarding our Community Reinvestment Act (CRA) performance. Written comments received during the current year and the two prior calendar years are maintained for review. This section is updated quarterly.
Public Comments by Year
CRA Performance Evaluation
Our CRA Performance Evaluation reflects how effectively Skowhegan Savings meets the credit needs of the communities we serve, consistent with safe and sound banking practices. The most recent evaluation, conducted by our federal regulator, is available for public review.
Branch and ATM Information
A complete listing of Skowhegan Savings branch offices and ATMs — including street addresses, hours of operation, and census tract information — is available.
Opened or Closed Locations
A record of branch and ATM openings or closures for the current year and the two prior calendar years is also maintained.
Products, Services, and Fees
Skowhegan Savings offers a range of loan and deposit products designed to serve our customers’ needs. A summary of available services and the Bank’s current schedule of fees is provided, along with details regarding any material differences in services at specific locations, if applicable.
Facility-Based Assessment Areas
Maps outlining each of the Bank’s facility-based assessment areas, including boundary lines and the census tracts within those areas, are available for review. A corresponding list of census tracts is also provided.
Additional Public Information
There is no additional information to report at this time.
Community Reinvestment Act Notice & Disclosure Statements
Information regarding Skowhegan Savings' small business and small farm lending activity, as reported under the CRA, is available through the Federal Financial Institutions Examination Council (FFIEC). Disclosure statements for applicable reporting years are available for review.
For more information visit: FFIEC website
Home Mortgage Disclosure Act (HMDA) Notice
Data related to our residential mortgage lending activity, reported under the Home Mortgage Disclosure Act (HMDA), are available for public review. This information includes loan application and origination data, geographic distribution of lending, and demographic details of applicants and borrowers. HMDA data for Skowhegan Savings and other financial institutions can be accessed through the Consumer Financial Protection Bureau (CFPB). (www.consumerfinance.gov/hmda)
