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Entries in Bangor Savings Bank (21)

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
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)
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)
Tuesday
Jul242018

Financial Institutions...In the News

  • Commercial loans increased for Bar Harbor Bankshares in the second quarter.  (MaineBiz 7.23.2018)
  • President Trump is unhappy with the Federal Reserve increasing interest rates.  (BDN 7.20.2018)
  • Paul Andersen, CEO of Androscoggin Bank, announces Neil Keily as President.  Paul Andersen plans to be the Chairman of Board and Neil Keily take on the responsibilities of CEO and President at the end of 2019. (Sun Journal 7.19.2018)
  • 30-Year mortgage rates are the highest in seven years.  (Central Maine 7.12.2018)
  • Low unemployment contributing to good economy according to Federal Reserve Chairman Jerome Powell.  (PPH 7.12.2018)
  • Eight states including Maine, signed a consent order to require Equifax Inc. to strengthen security measures after 2017 data breach.  (Central Maine 6.27.2018)
  • Patricia Weigel, President and CEO of Norway Savings Bank and Tony McKim, President and CEO of First National Bank were elected President and Vice Chair respectively of the Maine Bankers Association. (Mainebiz 6.20.2018)
  • A June 2018 Report states that risks by large banks involve complex financial trades that helped fuel the 2008 financial crisis.  (Maine Public 6.19.2018)
  • Sterling Kozlowski of Key Bank will be remembered as a leader in the New England region.  (Central Maine 6.11.2018)
  • Maine Credit Union League supports legal cannabis from the threat of federal prosecution.  (Mainebiz 6.11.2018)
  • Legislature sends bill to President Trump to loosen banking regulations set in 2008 in response to the financial crisis.  (PPH 5.22.2018)
  • Romero Rainey, President and CEO of the Independent Community Bankers of America (ICBA), seeks to loosen federal banking regulations.  (The Hill 5.22.2018)
  • Maine banks report new foreclosures steadily decreasing throughout Maine.  (PPH 5.6.2018)
  • Bangor Savings Bank begins new construction of its headquarters on Bangor’s waterfront.  (Mainebiz 4.24.2018)
  • SunTrust breach linked to an employee and outside criminal.  (News Center Maine 4.20.2018)