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Entries in Camden National Bank (9)

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)
Monday
Mar052018

Financial Institutions . . . In the News

  • Maine banks encountered a positive 2017 and 2018 looks promising.  (The Ellsworth American  3.5.2018)
  • Federal Reserve Chairman Jerome Powell plans gradual increase in interest rates.  (PPH 3.1.2018)
  • Equifax breach affected 147.9 million consumers which is more than initially reported.  (BDN 3.1.2018)
  • Lincoln J. Merrill becomes chairman of MaineHousing’s board of commissioners.  (MaineBiz 2.27.2018)
  • New tax laws means Fannie Mae will need to request taxpayer funds from the US Treasury.  (PPH 2.14.2018)
  • Small businesses are seeking capital funding from big banks and lending institutions.  (The Washington Post 2.12.2018)
  • The National Cannabis Industry Association pursues new banking regulations to include legalized marijuana.  (PPH 2.8.2018)
  • Waldo County employees may have been impacted by a phishing attack which compromised employee’s confidential information.  (Central Maine 2.7.2018)
  • Bill to protect elderly from property foreclosure action is backed by Governor LePage.  (Central Maine 2.6.2018)
  • York County Federal Credit Union and Atlantic Federal Credit Union plan to merge and, once the merger is approved, it will operate under the name of Atlantic Federal Credit Union.  (Central Maine 2.5.2018)
  • Wells Fargo is restricted from increasing its assets beyond 2017 level without Federal Reserve’s permission.  (Central Maine 2.4.2018)
  • Past Federal Reserve Chairwoman Janet Yellen joins the Brookings Institution as a distinguished fellow in residence at the Hutchins Center on Fiscal and Monetary Policy.  (Central Maine 2.2.2018)
  • George Gervais nominated for Director of Maine State Housing Authority.  (MaineBiz 2.2.2018)
  • Camden National Bank opens a second office in New Hampshire.  (BDN  2.4.2018)
Wednesday
Oct252017

Financial Institutions . . . In the News

  • Bangor Savings Bank’s acquisition of Granite Bank of New Hampshire was unanimously approved by the boards of directors.  (Central Maine 10.24.2017)
  • Toronto-Dominion Bank (TD Bank) is a top 10 US bank and has plans for future growth.  (Bloomberg 10.23.2017)
  • The Maine Supreme Court ruled in favor of the Defendant in the National Mortgage Association (Fannie Mae) v. Deschaine case opening a path for other cases to be appealed.  (The Free Press  10.12.17)
  • McCrillis & Eldredge Insurance, a subsidiary of Bar Harbor Bankshare, has been sold to Cross Insurance.  (Business Wire 10.11.2017)
  • Camden National Bank offers digital mortgages with help from Blend, a San Francisco cloud-based software company.  (National Mortgage News 9.29.17)
  • Equifax is developing a free, new, user-friendly service to give the consumer control over access to their personal credit data.  (Maine Public 9.28.2017)
  • Equifax’s interim CEO, Mr. Rego Barros, apologizes for security breach.  (Wall Street Journal 9.17.17)
  • Richard Cordray, Director of the Consumer Financial Protection Bureau, plans to strengthen oversight for credit rating agencies.  (BDN  9.28.17)
  • Upgraded ATMs replace four Skowhegan Bank branches beginning January 19, 2018.  (Central Maine 9.25.17)
  • Class action lawsuits by consumers against banks and credit card companies was voted to be repealed by US Senate.  (BDN 10.25.17)
Thursday
May112017

Financial Institutions...In the News

  • Foreclosures in Maine decline even with high number of foreclosures reported in 2016. (PPH 5.8.17)
  • The Financial CHOICE Act of 2017 which was recently introduced to the House Financial Services Committee repeals the Durbin Amendment and would save Maine Credit Unions and their members millions of dollars.  (BDN 5.5.17)
  • Maine, along with other states, have issued a cease-and-desist order against Ocwen Financial Corporation to prevent the corporation from acquiring servicing loans and new loans.  (Reverse Mortgage Daily 4.17.17)
  • Frank Abagnale lectures on formerly being a fraudster to now an educator in protecting consumers against scams. (Sun Journal 4.20.17)
  • Melinda Bini, former employee of Wells Fargo Bank, files a lawsuit claiming retaliation for loss of employment for not participating in banking scheme.  (Central Maine 4.17.17)
  • Tim Nightingale, Executive Vice President and Senior Loan Officer at Camden National Bank, becomes new Finance Authority of Maine (FAME) board member.  (BDN 4.13.17)
  • John Stumpf and Carrie Tolstedt of Wells Fargo Bank must return an additional $28 million and $19 million in compensation, respectively, for their roles in “abusive sales practices.”  (PPH 4.10.17)
  • Maine General Health warns of scam offering to reduce debt in exchange for credit card information.  (Central Maine 4.7.17)
  • Maine credit unions grow by 20,000 new members in 2016 to 685,926 members and loans surpassing more than $456 million.  (BDN 4.4.17)
  • Androscoggin Bank launches a Fast Response Business Loans Platform that allows businesses a quick response for loans related to credit lines and financial growth.  (Mainebiz 3.29.17)
  • Bob Quentin, President, CFO, and treasurer of Saco & Biddeford Savings Institution announces a new a branch at 136 Commercial Street in Portland.  (Mainebiz 3.27.17)
Friday
Dec092016

Financial Institutions....In the News

  • Early in 2017, the U.S. Supreme Court (Expressions Hair Design v. Schneiderman) will hear arguments related to the credit card fees businesses are required to pay.  (BDN 11.29.2016)
  • In the Portland area, national banks are on the decline while community banks have increased their presence.  (Mainebiz 11.30.2016)
  • Camden National Bank’s services now include 24-hour customer service to help with fraud protection.  (Mainebiz 11.30.2016)
  • The Department of Labor’s fiduciary rule which takes effect on April 10, 2017 is being embraced by Maine banks.  (Mainebiz 11.28.2016)
  • A recent study of fraud and identity theft by WalletHub shows that Maine has less fraud and identity theft than most other states.  (Mainebiz 12.5.2016)
  • Since 2010, bankruptcy filings in Maine have been steadily decreasing but experts warn more bankruptcies may bubble up in the future.  (Central Maine 12.3.2016)