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Our Attorneys

Entries in commercial loans (3)


Financial Institutions . . . In the News

  • Machias Bancorp MHC and its subsidiaries newest bank directors are Zachary Means and LuAnn Ballesteros. (Mount Desert Islander 6.4.2015)
  • US Regulators urge caution when considering reverse mortgages.  (Maine News Online 6.5.2015)
  • Financial decisions today may not be wise for tomorrow.  (Pittsburg Post-Gazette 6.11.2015)
  • Houses vacated during the foreclosure process create numerous issues for lenders and neighborhoods.  ( 6.12.2015)
  • Androscoggin Bank’s trust department seeking approval to become Portland Trust Co. to have offices in Lewiston and Portland.  (PPH 6.15.2015)
  • Maine community banks almost double the value of commercial loans processed from 2007 to 2014.  (PPH 6.18.2015)
  • Mortgage restrictions imposed on six banks for failing to comply with home foreclosure enforcement orders.  (Maine News Online 6.18.2015)

Verrill Dana Attorneys Co-Author a Chapter of ABA's New Book: The Law of Guaranties

The American Bar Association Business Law Section recently published a new book, The Law of Guaranties: A Jurisdiction-by-Jurisdiction Guide to U.S. and Canadian Law.  The Maine chapter is co-authorized by Verrill Dana attorneys Mark K. Googins and Alistair Y. Raymond, and Christopher J. Devlin, a former Verrill Dana attorney and now Senior Counsel in the Investments Division of UNUM Group. The book serves as a resource for commercial lenders and attorneys on the law of guaranties in various jurisdictions across the United States and Canada. For more information about this book, including information on how to purchase it, please visit the American Bar Association website.


FDIC to host free telephonic seminar on commercial loan workouts

On December 15, from 1-2:30PM, the FDIC will host a telephone seminar regarding commercial loan workouts.  Participation is free.  The seminar will provide guidance to financial institutions regarding prudent commercial loan workout practices, recognizing that a prudent workout can be in the best interest of both customers and institutions.  The seminar will include a brief Q&A section, and participants may email questions in advance to  For more information, go to FIL-71-2011.