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Tuesday
Sep262017

Financial Institutions...In the News

  • Equifax troubles continue as customers were lead to fictitious site.  (Maine Public 9.22.2017)
  • Social Security Numbers are under scrutiny as a way to identify individuals.  (BDN 9.21.2017)
  • Foreclosures in hurricane hit disaster areas remain low.  (DSNews 9/21/17)
  • In months prior to 142 million individual’s personal information hack, Equifax had a “Security Incident” with a payroll-related service.  (Maine Public 9.20.17)
  • The Federal Reserve is steering the country towards an economic downfall.  (The Hill  9/18/17)
  • Equifax knew of hacks months before disclosing exposure to public.  (The Hill  9.18.2017)
  • Kennebunk Savings Bank enforces its no discrimination policy and lets go a high-ranking official of the bank.  (PPH 9.18.2017)
  • Chief Financial Officer David Webb and Chief Security Officer Susan Mauldin retire immediately following Equifax breaches.  (BDN 9.16.2017)
  • Chatbot assists individuals in suing Equifax over the data breach.  (Central Maine 9.14.2017)
  • The Federal Trade Commission (FTC) opens an investigation into the Equifax breaches.  (Central Maine 10.14.2017)
  • National Credit Union Administration (NCUA) approves merger of Acadia and EMMC credit unions.  (Mainebiz.biz 9.12.2017)
  • Maine’s Bureau of Consumer Credit Protection give advice on Equifax data breach.  (Mainebiz.biz 9.11.2017)
  • The Securities and Exchange Commission (SEC) investigates Equifax executive officials’ stocks sold before breach was made public.  (The Hill 9.12.2017)
  • Equifax’s website may prevent individuals from suing company.  (BDN  9.8.2018)
Tuesday
Sep122017

Financial Institutions . . . In the News

  • High flood insurance premiums endanger waterfront investments.  (PPH 9.9.17)
  • Data breach at Equifax puts 143 million people across the United States at risk of identity theft.  (Central Maine 9.8.17)
  • Governor LePage supports a bill that keeps elderly Mainers from home foreclosure.  (PPH 9.5.17)
  • Florida man, who made unauthorized debit and credit card purchases in several Maine counties, was sentenced to federal prison.  (Knox Village Soup 9.1.17)
  • Wells Fargo increases its refunds an additional $2.8 million for 1.4 million more accounts affected by its sales scandal.  (PPH 8/31/17)
  • Androscoggin Bank welcomes Ben Geci as Chief Lending Officer.  (BDN 8.30.17)
  • Bar Harbor Bank & Trust recognized by Sen. King for 130th Anniversary.  (BDN 8.30.17)
  • Northeast Bank President and CEO Richard Wayne found competitive niches creating greater gains for Northeast Bank.  (Central Maine 8.31.17)
  • Maine Bankers Association elects Kennebec Savings Bank President and CEO Andrew Silsby as Chair.  (Central Maine 8.29.17)
  • Norway Savings Bank President and CEO Patricia Weigel was elected Vice Chair of the Maine Bankers Association.  (Central Maine 8.29.17)
  • Several Maine towns join efforts to dispute FEMA’s new flood maps that are used to set rates for federal flood insurance.  (BDN 8.25.17)

 

Wednesday
Aug092017

Financial Institutions . . . In the News

  • Elizabeth Hayes, President and CEO of Infinity Federal Credit Union, was recently named one of the Women to Watch in 2017.  (Mainebiz 8.7.17)
  • LEAF Commercial Capital, Inc. is acquired by People’s United Bank.  (PR Newswire 8.2.17)
  • Saco & Biddeford Savings Institution has several new hires and promotions.  (BDN 7.28.17)
  • Bangor Savings Bank’s Portsmouth, NH loan production office opens with plans to increase business services once regulatory approvals are fully acquired.  (Mainebiz 7.25.17)
  • $40 million bitcoin scam uncovered by Bucks County, Pennsylvania police.  (BDN 7.24.17)
  • “Motion Picture Use Only” fake $100 bills show up in three Maine towns.  Deputies warn the public to watch out for “bogus Benjamins” as the bills are easily available online.  (BDN 7.24.17)
  • Hackers obtain over 5.5 million Social Security numbers in ten states by infiltrating a Kansas Department of Commerce data system in March 2017.  (Maine Mirror  7.23.17)
  • Kennebec Savings Bank celebrates its opening of a Freeport branch.  (Mainebiz 7.21.17)
  • Former Bank of America site in Biddeford to become branch office of Bangor Savings Bank in 2018.  (Mainebiz 7.20.17)
  • United States is behind in “wave” payment systems compared to other countries.  (Central Maine 7.17.17)
  • Maine has low inventory and a high demand of houses in southern Maine making this a seller’s market.  (PPH 7.16.17)
  • Homeward Residential Inc. order to pay attorney’s fees was affirmed by Maine Supreme Judicial Court in foreclosure proceeding.  (Legal News Line 7.10.17)
Tuesday
Jul112017

Financial Institutions . . . In the News

  • Thirteen employees at Saco & Biddeford Savings Institution earned certificates and high honor awards this year through the Center for Financial Training and Education Alliance (CFTEA). (BDN 7.10.17)
  • Mainers affected by State government shut-down will have fees cut by TD Bank and credit unions.  (WGME 7.1.17)
  • CEO Bob Montgomery-Rice announces record profits for Bangor Savings Bank fiscal year that ended in March.  (BDN 6.27.17)
  • PNC bank will permanently close the marijuana legalization group organization’s 22-year old accounts because of risks from the Trump administration.  (BDN 6.21.17)
  • Banks and technology companies stocks have a lower return in the second quarter of 2017.  (PPH 5.31.17)
  • Mortgage brokerage company clarifies the services of its role in mortgage lending and that the loan officers at brokerages are highly regulated.  (PPH 5.28.17)
  • Mortgage rates drop to lowest level resulting in a rise in refinancing.  (PPH 5.25.17)
  • April saw Maine home sales 14% lower in April 2017 compared to April 2016.  (Central Maine 5.24.17)
  • The Dodd-Frank regulation and the recession is changing the mortgage lending industry.  (PPH 5.22.17)
  • Merchants Bank, the last of Vermont’s statewide based banks, completes merger with Community Bank opens May 15th as Community Bank.  (Vermont Biz 5.12.17)
Thursday
Jun292017

New England Council Unveils 2017 Regional Financial Sector Report

On June 29th, the New England Council met in Concord, NH to present its annual report on the region’s financial sector, “The New England Financial Services Industry: Around the Corner and Around the World.” The report was presented by PwC, followed by a panel discussion comprised of representatives from several large regional institutions, including Fidelity Investments, Liberty Mutual Insurance, and TD Bank.

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