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Entries in Lake Sunapee Bank Group (4)

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)
Monday
Aug012016

Lake Sunapee Bank and Bar Harbor Bank & Trust Merger Application Filed

The Maine Bureau of Financial Institutions has received applications to approve the merger of Lake Sunapee Bank Group with Bar Harbor Bankshares and the merger of Lake Sunapee Bank, FSB and Bar Harbor Bank & Trust.  The merger will provide a total of 50 branches in Maine, New Hampshire, and Vermont. 

Written comments and requests for hearing on the application are due with the Bureau by Sunday, August 28, 2016 by using the following link.

A copy of the Superintendent’s Notice to Interested Parties is available here.

Wednesday
May182016

Financial Institutions . . . In the News

  •  Home sales rose in Maine in March, both in numbers of homes sold and in higher prices.  (PPH 4.20.2016)
  • The Federal Deposit Insurance Corporation (FDIC) rated Machias Savings Bank “outstanding” on its recent Community Reinvestment Act (CRA) Performance Evaluation.  (Mount Desert Islander 4.23.2016)
  • A class action suit against TD Bank’s coin-counting machines claims the Penny Arcades short-changed customers.  (My Central Jersey 4.29.2016)
  • Lake Sunapee Bank Group bought by Bar Harbor Bank for 142 million.  (Central Maine 5.5.2016)
  • J.D. Power and Associates awards Bangor Savings Bank for the second year in a row,  the highest score in New England among qualifying institutions on its 2016 Retail Banking Satisfaction Study.  (Mainebiz 5.6.2016)