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Wednesday
Jun262019

Financial Institutions . . . In the News

  • Bangor Savings Bank ends 2018 with a 38% increase from 2017.  (BDN 6.21.19)
  • Bar Harbor Trust Services was added to the lawsuit involving theft by Robert K. Lindell, Jr.  (BDN 6.11.19) 
  • Canada’s largest banks are looking outside Canada to continue growing.  (Bloomberg News 5.24.19)
  • Plans to open Maine Harvest Credit Union this summer will be focused on famers and food entrepreneurs.  (Mainebiz 5.22.19)
  • Bangor Savings Bank held opening ceremony for its new office in Bangor.  (News Center Maine 5.20.19)
  • The reorganization of Northeast Bancorp and Northeast Bank are now complete.  (Yahoo Finance 5.16.19)
  • Machias Savings Bank plans a large expansion in Machias.  (BDN 5.14.19)
  • Maine banking institutions need federal law changes for pot industries.  (Central Maine 5.12.19)
  • Maine’s legal marijuana businesses are not allowed to use banking services. (Central Maine 5.12.19)
  • Maine banking institutions support a federal marijuana banking bill.  (Mainebiz 4.22.19)
  • Maine Credit Union League President and CEO Todd Mason makes digital innovation a priority.  (Mainebiz 4.21.19)
Friday
Apr122019

Financial Institutions...In the News

  • Wells Fargo CEO Tim Sloan was called to testify before House Financial Services Committee hearing.  (PPH 3.11.2019)
  • Forbes rates Bangor Savings Bank as one of the “World’s Best Banks.”  (Mainebiz 3.12.201)
  • Matthew Fleming became Down East Credit Union’s chief financial officer on April 1.  (Mainebiz 4.8.2019)
  • Key Bank’s Winthrop branch office is closing. (Central Maine 4.7.2019)
  • David Cyr will replace retiring John Witherspoon as president and CEO of Skowhegan Savings Bank by the end of the year.  (Central Maine 4 2.2019)
  • Maine Savings FCU opens a branch in Portland.  (BDN 2.20.19)
  • Bank of New Hampshire has seen substantial growth under the leadership of President Paul Falvey.  (Laconia Daily Sun 2.19.2019)
  • York County FCU and Atlantic FCU expect merger to completed in early June.  (Mainebiz 2.14.2019)
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)