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Entries in Bar Harbor Bank & Trust (9)

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)

 

Monday
Jan302017

Financial Institutions . . . In the News

  • Maine Governor driving bill to block foreclosure action against Maine’s elderly. (PPH 1.29.2017)
  • Norway Savings Bank announces promotions of Dan Walsh, Janice deLima, Ian Pullen, Elysia Avery, and Donny Hinkley.  (Sun Journal 1.23.2017)
  • New jobs created by the finalization of the merger of Bar Harbor Bank & Trust and Lake Sunapee Bank Group.  (Mount Desert Islander 1.19.2017)
  • Elderly affected by tax foreclosure sales than other groups.  (Bloomberg BNA 1.19.2017)
  • Federal Reserve Bank of Boston, Jeffrey Fuhrer, anticipates that there will be three 0.25 percentage point interest rate hikes in 2017   (Mainebiz 1.17.2017)
  • Foreclosure inventory in Maine is among the highest in the nation at 1.7%.  (Mainebiz 1.12.2017)
  • People’s United Bank, N.A. and AARP Fraud Watch Network join forces to help protect against identity theft and scams.  (Yahoo Finance 1.12.2017)
Friday
Oct282016

Financial Institutions . . . In the News

  • U.S. Senators ask the Justice Department to investigate Wells Fargo executives on criminal charges.  (Bloomberg 10.6.2016)
  • The first 6 months of 2016 shows Maine credit unions exceeding $7 billion in combined assets.  (Portland Press Herald 10.12.2016)
  • The Federal Reserve is seeing signs that interest rates should be increased.  (Central Maine 10.12.2012)
  • Due to the acquisition of Lake Sunapee Bank by Bar Harbor Bancshares, an unspecified number of Lake Sunapee employees will lose their jobs.  (Valley News 10.15.2016)
  • According to the FDIC, the “unbanked” American population declined from 7.7 percent in 2013 to 7 percent in 2015.  (Central Maine 10.20.2016)
  • A deal is in the works for TD Ameritrade Holding Corp, and its largest stakeholder, TD Bank to buy Scottrade Financial Services, an online brokerage service, for $4 billion. (Bloomberg 10.23.2016)
  • The U.S. is slow to rollout EMV (Europay, MasterCard and Visa) chip cards creating a higher risk to consumers.  (Mainebiz 10.24.2016)
  • Bar Harbor Bank shareholders approve the acquisition of Lake Sunapee Bank Group which completes another step in acquisition process.  (Mainebiz 10.26.2016)