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Tuesday
Feb052019

Financial Institutions . . . In the News

  • Unsuccessful attempt at hacking is being investigated by the FBI.  (BDN  1.28.19)
  • Steward Partners Global Advisory LLC opens office in Portland.  (Mainebiz 1.25.19)
  • Four of Key Bank’s branches are schedule to close by April.  (Central Maine 1.23.19)
  • Kierston Van Soest was appointed to the New England Advisory Council.  (Central Maine 1.24.19)
  • Rise in sea levels creates loss of appreciation of coastal waterfront properties.  (Central Maine 1.22.19)
  • Modest growth anticipated by Jeffrey Fuhrer of the Federal Reserve Bank of Boston. (Mainebiz 1.15.19)
  • Recession not predicted in 2019 by Federal Reserve Chairman Powell. (BDN 1.10.19)
Tuesday
Jan222019

Times are Changing: Verrill Dana Hosts Full-Day Conference, 2019 Annual Employment Law Update

After a year full of changes for employers paired with a new governor in Maine, Verrill Dana will reflect on recent legal developments in labor and employment law and what the new year might bring during its 2019 Annual Employment Law Update. The full-day conference will take place on Thursday, January 31 at The Westin Harborview Hotel in Portland.

Click to read more ...

Tuesday
Jan082019

Financial Institutions . . . In the News

  • Steve deCastro becomes CEO and President of Gorham Savings Bank.  (PPH 1.2.19)
  • Camden National Bank makes technology changes to meet the growing needs of its customers.  (PRNewswire 12.11.18)
  • TD Bank rated first for SBA Loans in several states, including Maine.  (Guru Focus 12.11.18)
  • Todd Mason, President and CEO of Maine Credit Union League, joins the Maine State Chamber of Commerce’s Board of Directors.  (MaineBiz 12.10.18)
  • Manchester, NH is drawing new banking branches to its area. (Union Leader 11.24.18)
  • Bangor Savings trains every employee in “Green Dot” to empower workers to intervene in workplace bullying or harassment.  (Central Maine 11.26.18)
  • Banks and Departments of Motor Vehicles are teaming up to help to prevent identity fraud.  (Wall Street Journal 11.12.18)
  • Camden National Bank named as one of five U.S. banks receiving the 2018 Greenwich CX Leader.  (MaineBiz 11.8.2018)
  • U.S. mortgage rates hit 7-year high.  (Central Maine 11.8.18)
  • Wells Fargo admits incorrect foreclosure procedures on many homeowners.  (PPH 11.6.18)
Monday
Oct292018

Financial Institutions . . . In the News

  • Michael Griffin, Executive Director of JP Morgan Chase & Co., leads a new commercial banking industry in Portland.  (Mainebiz 10.26.2018)
  • Maine Harvest Credit Project becomes Maine’s 56th credit union and first exclusively for farmers and food producers.  (Mainebiz 10.16.2018)
  • Maine home foreclosures continue to decline.  (BDN 10.11.2018)
  • Curtis Simard, President and CEO of Bar Harbor Bankshares, announces plans are being made for a Portland Commercial Loan Office.  (Mainebiz 10.5.2018)
  • Andrew Silsby, President and CEO of Kennebec Savings Bank, discusses banking in today’s market and preparing for the future.  (Central Maine 10.14.2018)
  • Wells Fargo customer avoided being scammed by calling the number on the back of his card to verify the fraud.  (News Center Maine 9.28.2018)
  • Mortgage applications increase as the rates also increase to a new high since April 2011.  (Press Herald 9.27.2018)
  • Wells Fargo & Co. Chief Executive Tim Sloan announces a 10% reduction in workforce in the next three years.  (Press Herald 9.20.2018)
  • A data breach in 2017 in the UK resulted in a fine of £500,000, or about $662,000 to Equifax (UK branch).  (The Hill 9.20.2018)
  • With the restrictions of the Dodd-Frank Wall Street Reforms being eased, banks and credit unions are picking up arguing over old disagreements.  (The Hill  9.12.2018)
  • Cloned ATM cards could be used in ATM cybercrime threat.  (News Center Maine 8.16.2018)
Wednesday
Aug152018

Financial Institutions . . . In the News

  • FBI issues warning of potential cybercrime that could be worth millions stemming from fraudulent ATM cards. (News Center Maine 8.14.2018)
  • Bank mergers and acquisitions are lower in the Northeast than in other regions.  (American Banker 7.30.2018)
  • President and CEO Bob Montgomery-Rice announces the opening of the first building at the Bangor Savings Bank’s waterfront headquarters.  (BDN 8.1.2018)
  • Jeanne Hulit is promoted to President and CEO of Maine Community Bancorp which is comprised of Biddeford Savings Bank and Mechanics Savings Bank. (Central Maine 7.30.2018)
  • Raymond T. (Chip) Kelley of KeyBank to fill the position of Maine Market President formerly held by Sterling Kozlowski. (Central Maine 7.30.2018)
  • Andrew Silsby, President and CEO of Kennebec Savings Bank, writes letter of appreciation to Congress. (Forbes 7.24.2018)