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Entries in Bar Harbor Bank & Trust (11)

Monday
Oct072019

Financial Institutions...In the News

  • Consumer Data Industry Association files complaint against the State of Maine over two recently enacted laws.  (BDN 10.2.2019)
  • Doors officially open October 8th at 1 PM at Maine Harvest Federal Credit Union serving farmers and food producers.  (Waldo Village Soup 10.1.2019)
  • House passes the Secure and Fair Enforcement “SAFE” Banking Act allowing banks to serve licensed marijuana businesses.  (News Center Maine 9.26.19)
  • Infinity Federal Credit Union decides to not merge with Vibrant Credit Union of Illinois.  (Mainebiz 9.25.19)
  • Camden National Plaza development will become home to the new Camden National Bank.  (BDN 9.18.19)
  • Changing Seasons Federal Credit Union announced Rob Picard as its new President and CEO.  (Mainebiz 9.18.19)
  • A free mobile banking app known as Wallit is being developed by a Portland developer.  (Mainebiz 9.16.19)
  • Maine AG Aaron Frey joins in federal lawsuit against the SEC’s Best Interest Rule.  (Mainebiz 9.12.19)
  • Yarmouth historic train depot becomes branch for Gorham Savings Bank.  (PPH 9.16.19)
  • Judge rules in favor of Poor Estate for the right to pursue nine allegations against Bar Harbor Bank & Trust.  (PPH 9.13.19)
  • Fannie Mae’s and Freddie Mac’s lending rules may change under President Trump’s administration.  (Maine Public 9.6.19)
  • Penobscot County Federal Credit Union and The County Federal Credit Union merger to be finalized April 1, 2020.  (BDN 9.4.19)
  • Kennebunk Savings Insurance acquires Kimberly M. Elwell Insurance, LLC.  (Mainebiz 9.3.19)
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)
Friday
Apr202018

Financial Institutions . . . In the News

  • Wells Fargo Bank $1 billion fine is among the largest set by regulators.  (Central Maine 4.19.2018)
  • Federal Reserve Chairman Jerome Powell maintains that slow and steady increases in rates is the right course of action to strengthen the economy.  (PPH 4.7.2018)
  • Lake Sunapee Bank in New Hampshire will now be known as Bar Harbor Bank & Trust.  (Valley News 4.8.2018)
  • Maine’s banking industry is seeing changes in leadership as women take on more executive roles.  (Mainebiz 4.4.2018)
  • A warning from Maine’s Bureau of Financial Institutions is issued due to scammers deceiving bank customers and credit union members.  (Central Maine 4.2.2018)
  • Elderly Mainers are an easy target for financial abuse which often goes unreported.  (BDN 3.29.2018)
  • Maine credit unions continue to attract new members.  (Central Maine 3.28.2018)
  • President and CEO Bob Montgomery-Rice of Bangor Savings Bank announces a new branch office in Portsmouth, NH.  (Mainebiz 3.23.2018)
  • Community Credit Union President and CEO Jennifer Hogan reports the credit union will stay at 144 Pine Street in Lewiston.  (Sun Journal 3.7.2018)
  • Maine banks benefited from a strong economy and stock market resulting in 2017 being a good year.  (The Ellsworth American 3.4.2018)
Tuesday
Jan302018

Financial Institutions . . . In the News

  • New Hampshire’s legislature is debating changes to foreclosure laws.  (Concord Monitor 1.29.18)
  • Record breaking sales of Maine homes in 2017 kept prices surging in Cumberland and York counties.  (PPH 1.24.18)
  • Marion Colombo joins Bar Harbor Bank & Trust as Executive Vice President of Retail Delivery in February 2018.  (Business Wire 1.23.18)
  • Jerome Powell to succeed Janet Yellen as Federal Reserve Chairman in February 2018.  (Central Maine 1.23.18)
  • Maine AG Janet Mills supports federal legislation allowing banks to serve state-licensed marijuana businesses.  (BDN 1.17.18)
  • Jeffrey Fuhrer, Federal Reserve Bank of Boston, anticipates a 2.5% economic growth for upcoming year.  (Mainebiz 1.16.18)
  • $45 Million settlement reached between 49 states and the District of Columbia and PHH Mortgage Corp. over improper servicing of mortgage loans.  (Mainebiz 1.4.2018)
  • Todd Mason, President and CEO of the Maine Credit Union League, announces changes to management of the Maine Credit Union League and Synergent, its service organization.   (Mainebiz 12.12.17)
  • Key Bank customer given access to wrong account.  (Sun Journal 12.2.17)
  • Federal Reserve Chair Janet Yellen predicts that the Federal Reserve will continue to gradually increase rates.  (Central Maine 11.29.17)
  • Tim Thompson, Franklin Savings Bank’s new President and CEO, replaces retiring Peter Judkins.  (Mainebiz 11.27.17)
  • Bangor Savings Bank has a new branch in Portsmouth, NH.  (Fosters 11.12.17)
  • Banking branches are difficult to keep open in small communities with many services being provided for in on-line banking.  (Mainebiz 10.26.17)
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)