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Entries in Bangor Savings Bank (22)

Wednesday
Aug212019

Financial Institutions . . . In the News

  • Maine passed new foreclosure proceedings and Notice of Mortgagor’s Right to Cure laws.  (JDSupra 8.20.19)
  • Maine’s zombie housing market remains higher than the national average. (Housing Wire 8.15.19)
  • Jason House promoted Regional Vice President for TD Bank, Northern Maine.  (BDN 8.9.19)
  • Ocwen Loan Servicing agrees to pay attorneys’ fees, penalties, and fines to approximately 24 homeowners. (Central Maine 8.6.19)
  • Federal Reserve Chairman Jerome Powell announces a quarter point decrease in interest rates.  (BDN 7.31.2019)
  • Capital One anticipates the 2019 data breach to cost around $150 million.  (NY Times 7.29.19)
  • Federal Reserve Chairman Jerome Powell signals forthcoming cut in interest rates.  (NY Times 7.28.19)
  • Mortgage rates rise slightly and applications decrease.  (News Center Maine 7.26.19)
  • Bangor Savings Bank is urging customers to call its help center if they see unauthorized transactions in their account.  (WABI TV 7.24.19)
  • Equifax Data Breach settlement requires a restitution fund of a minimum of $380.5 million for American consumers.  (NY Times 7.22.19)
  • Maine banks are expanding to other states in order to grow.  (PPH 7.8.19)
  • Bar Harbor Bank & Trust expands to central Maine with the acquisition of eight of People’s branch offices.  (Yahoo.com 7.8.19)
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)