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Entries in Bob Montgomery-Rice (4)

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)
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
Jul112017

Financial Institutions . . . In the News

  • Thirteen employees at Saco & Biddeford Savings Institution earned certificates and high honor awards this year through the Center for Financial Training and Education Alliance (CFTEA). (BDN 7.10.17)
  • Mainers affected by State government shut-down will have fees cut by TD Bank and credit unions.  (WGME 7.1.17)
  • CEO Bob Montgomery-Rice announces record profits for Bangor Savings Bank fiscal year that ended in March.  (BDN 6.27.17)
  • PNC bank will permanently close the marijuana legalization group organization’s 22-year old accounts because of risks from the Trump administration.  (BDN 6.21.17)
  • Banks and technology companies stocks have a lower return in the second quarter of 2017.  (PPH 5.31.17)
  • Mortgage brokerage company clarifies the services of its role in mortgage lending and that the loan officers at brokerages are highly regulated.  (PPH 5.28.17)
  • Mortgage rates drop to lowest level resulting in a rise in refinancing.  (PPH 5.25.17)
  • April saw Maine home sales 14% lower in April 2017 compared to April 2016.  (Central Maine 5.24.17)
  • The Dodd-Frank regulation and the recession is changing the mortgage lending industry.  (PPH 5.22.17)
  • Merchants Bank, the last of Vermont’s statewide based banks, completes merger with Community Bank opens May 15th as Community Bank.  (Vermont Biz 5.12.17)
Monday
Jan122015

Financial Institutions . . . In the News

  • Amanda Rector, Maine state economist predicts a stronger economy with job growth for 2015.  (Sun Journal 1.8.2015)
  • Charles Colgan, USM economist cautions Maine businesses and policymakers on Maine’s future workforce.  (PPH 1.8.2015)
  • Chip-coded credit cards provide extra level of security.  Unlike Europe, PIN numbers in the US will not be required.  (MPBN 1.5.2015)
  • CetoLogic’s Deposit Reclassification lowers reserve balance requirements by the Federal Reserve making lending funds available.  (Business Wire 1.6.2015)
  • Start-up credit Union, Maine Harvest, is working towards its state charter and obtaining NCUA insurance.  (Credit Union Times 1.7.2015)
  • TruChoice Federal Credit Union and the Portland Police Department Federal Credit Union merged in early December.  (Mainebiz 1.6.2015)
  • The National Association of Federal Credit Unions (NAFCU) sent a letter to Congress asking for regulatory relief.  (The Hill 1.6.2015)
  • President Andrew Silsby becomes President and CEO of Kennebec Savings Bank.  (Mainebiz 1.5.2015)
  • Bob Montgomery-Rice became President of Bangor Savings Bank in January 2015.  (Mainebiz 12.17.14)
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