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Entries in Kennebec Savings Bank (8)

Monday
Oct292018

Financial Institutions . . . In the News

  • Michael Griffin, Executive Director of JP Morgan Chase & Co., leads a new commercial banking industry in Portland.  (Mainebiz 10.26.2018)
  • Maine Harvest Credit Project becomes Maine’s 56th credit union and first exclusively for farmers and food producers.  (Mainebiz 10.16.2018)
  • Maine home foreclosures continue to decline.  (BDN 10.11.2018)
  • Curtis Simard, President and CEO of Bar Harbor Bankshares, announces plans are being made for a Portland Commercial Loan Office.  (Mainebiz 10.5.2018)
  • Andrew Silsby, President and CEO of Kennebec Savings Bank, discusses banking in today’s market and preparing for the future.  (Central Maine 10.14.2018)
  • Wells Fargo customer avoided being scammed by calling the number on the back of his card to verify the fraud.  (News Center Maine 9.28.2018)
  • Mortgage applications increase as the rates also increase to a new high since April 2011.  (Press Herald 9.27.2018)
  • Wells Fargo & Co. Chief Executive Tim Sloan announces a 10% reduction in workforce in the next three years.  (Press Herald 9.20.2018)
  • A data breach in 2017 in the UK resulted in a fine of £500,000, or about $662,000 to Equifax (UK branch).  (The Hill 9.20.2018)
  • With the restrictions of the Dodd-Frank Wall Street Reforms being eased, banks and credit unions are picking up arguing over old disagreements.  (The Hill  9.12.2018)
  • Cloned ATM cards could be used in ATM cybercrime threat.  (News Center Maine 8.16.2018)
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)
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)

 

Wednesday
Aug092017

Financial Institutions . . . In the News

  • Elizabeth Hayes, President and CEO of Infinity Federal Credit Union, was recently named one of the Women to Watch in 2017.  (Mainebiz 8.7.17)
  • LEAF Commercial Capital, Inc. is acquired by People’s United Bank.  (PR Newswire 8.2.17)
  • Saco & Biddeford Savings Institution has several new hires and promotions.  (BDN 7.28.17)
  • Bangor Savings Bank’s Portsmouth, NH loan production office opens with plans to increase business services once regulatory approvals are fully acquired.  (Mainebiz 7.25.17)
  • $40 million bitcoin scam uncovered by Bucks County, Pennsylvania police.  (BDN 7.24.17)
  • “Motion Picture Use Only” fake $100 bills show up in three Maine towns.  Deputies warn the public to watch out for “bogus Benjamins” as the bills are easily available online.  (BDN 7.24.17)
  • Hackers obtain over 5.5 million Social Security numbers in ten states by infiltrating a Kansas Department of Commerce data system in March 2017.  (Maine Mirror  7.23.17)
  • Kennebec Savings Bank celebrates its opening of a Freeport branch.  (Mainebiz 7.21.17)
  • Former Bank of America site in Biddeford to become branch office of Bangor Savings Bank in 2018.  (Mainebiz 7.20.17)
  • United States is behind in “wave” payment systems compared to other countries.  (Central Maine 7.17.17)
  • Maine has low inventory and a high demand of houses in southern Maine making this a seller’s market.  (PPH 7.16.17)
  • Homeward Residential Inc. order to pay attorney’s fees was affirmed by Maine Supreme Judicial Court in foreclosure proceeding.  (Legal News Line 7.10.17)
Thursday
Jan122017

Financial Institutions...In The News

  • Retired President and CEO Mark Johnston of Kennebec Savings Bank was awarded the Peter G. Thompson Lifetime Achievement award by the Kennebec Valley Chamber of Commerce.  (Central Maine 1.4.2017)
  • TransUnion and Equifax fined approximately $23 million for false advertising regarding credit score reports.  (Central Maine 1.3.2017)
  • Fifth Third Bank is not allowed to make acquisitions because of low grade in July 2016 Community Reinvestment Act review.  (Cincinnati 12.29.2016)
  • University of Maine is offering assistance to students and employees who provided passwords to cybercriminals by means of trickery.  (My San Antonio 12.23.2016)
  • Maine Municipal Bond Bank’s 2017 Ser. A Bonds rated as Aa2 by Moody’s.  (4-traders  12.20.2016)
  • Bank teller reports suspicion of elder financial abuse by attorney who had a  Power of Attorney.  (BDN 12.20.2016)
  • Mortgage Servicing Solutions will now service MaineHousing mortgages providing benefits to MaineHousing and its mortgage holders.  (BDN 12.12.2016)
  • Bangor Police Department is working with Bangor Savings Bank in Belfast after skimmer was discovered on ATM.  (BDN 12.10.2016)