Community Reinvestment Act Statement
First Federal Savings and Loan Association of Bath was chartered in 1936 to serve the various savings and credit needs of individuals, businesses, and organizations in the communities of Mid Coast Maine. Much has changed since that year, but the organization’s focus on Mid Coast Maine and the local people that call it home remains the same. Built on generational family connections, the Bank is best known for the caring and dedicated staff that provide personalized encounters and deep meaningful relationships with customers.
The Bank creates access to equity through real estate-based loans now exceeding $150 million dollars in Mid Coast Maine. Loan Officers not only establish personalized relationships with customers to provide highly tailored solutions, but a major component of their job is to provide education on the process and purpose to achieve the right outcome for the customer.
The Bank prioritizes safety through secure and succinct procedures protecting the deposits of community members totaling approximately $140 million. The Bank also provides high-touch services, where employees are well known across the community for supporting and guiding customers as they learn how to navigate newer services like online banking or online bill payment.
The Bank’s establishment of First Federal Wealth Management now allows employees to coach community members of all ages and demographics on financial planning best practices, to manage scenarios spanning retirement decision making to family planning. First Federal Wealth Management stewards a portfolio of more than $30 million dollars of community member funds.
Financial services are fundamental to achieving First Federal Savings mission, but as time passes and the communities evolve, additional needs for community reinvestment have surfaced and the Bank continues to adjust to be able to meet these needs. First Federal Savings is known for its reinvestment in both time and energy of its talented employee base, as well as financial contributions to the many organizations in Mid Coast Maine doing meaningful work to support meaningful work taking place across the nonprofit sector to address the evolving needs of the people that live here. First Federal Savings invests between 10 and 20% of its bottom line annually into Mid Coast Maine communities.
The Bank does have certain focus areas for community support, but that does not mean the Bank only supports initiatives that are in direct alignment with those topics. The Bank strives to support the interests and needs of the communities of the Mid Coast and the things that are most relevant and important to the people of Mid Coast Maine. The following are categories that First Federal Savings recognizes as top priorities across our communities, therefore nonprofits and community members working in this space will always be prioritized in consideration for our annual charitable giving.
Supporting the Youth in our Communities: The children of our communities are our future. Children need places that provide care, services, and programs to help them develop, establish relationships, and have fun. First Federal Savings top priority is to support the organizations doing work to address the needs of our youth. Across our footprint the bank invests in programs at the local high schools, the Midcoast Youth Center who makes space for kids to feel welcome and heard, local recreation and sports providing access for kids to have things to do and have fun, and organizations like Spark Inclusive Arts, which aims to reduce barriers between individuals with and without disabilities through dance and models this behavior to help educate young people. First Federal Savings is proud to share we pledged $50,000 to Midcoast Youth Center in 2025.
Health and Well-Being of our Friends, Families, and Neighbors: Health is an obvious foundation for our community members, and the Bank has, for decades, supported organizations like the Dean Snell Cancer Foundation that addresses barriers for transportation and other challenges when families have a loved one fighting cancer. The Bank also supports local hospitals, most recently pledging $100,000 to MaineHealth for initiatives at Mid Coast Parkview in Brunswick.
Preserving the History of Mid Coast Maine: One of the most significant components of the communities in Mid Coast Maine is the coastal heritage with settlements and shipbuilding, architecture of homes, and generational influence of the people of the region. Many organizations play a key role in preserving these stories and artifacts and First Federal Savings recognizes the importance of this work. For this reason, the Bank always supports organizations like Sagadahoc Preservation, Lincoln County Historical Society, Maine Maritime Museum, and Maine’s First Ship, for the important role they play in keeping our history in front of the eyes of our kids as they learn and our new neighbors as people visit or move to our region.
CRA Public Disclosure June 9, 2025
Service Charges and Fees Seniors & Non-Profits
