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Entries in Norway Savings Bank (4)

Tuesday
Jul242018

Financial Institutions...In the News

  • Commercial loans increased for Bar Harbor Bankshares in the second quarter.  (MaineBiz 7.23.2018)
  • President Trump is unhappy with the Federal Reserve increasing interest rates.  (BDN 7.20.2018)
  • Paul Andersen, CEO of Androscoggin Bank, announces Neil Keily as President.  Paul Andersen plans to be the Chairman of Board and Neil Keily take on the responsibilities of CEO and President at the end of 2019. (Sun Journal 7.19.2018)
  • 30-Year mortgage rates are the highest in seven years.  (Central Maine 7.12.2018)
  • Low unemployment contributing to good economy according to Federal Reserve Chairman Jerome Powell.  (PPH 7.12.2018)
  • Eight states including Maine, signed a consent order to require Equifax Inc. to strengthen security measures after 2017 data breach.  (Central Maine 6.27.2018)
  • Patricia Weigel, President and CEO of Norway Savings Bank and Tony McKim, President and CEO of First National Bank were elected President and Vice Chair respectively of the Maine Bankers Association. (Mainebiz 6.20.2018)
  • A June 2018 Report states that risks by large banks involve complex financial trades that helped fuel the 2008 financial crisis.  (Maine Public 6.19.2018)
  • Sterling Kozlowski of Key Bank will be remembered as a leader in the New England region.  (Central Maine 6.11.2018)
  • Maine Credit Union League supports legal cannabis from the threat of federal prosecution.  (Mainebiz 6.11.2018)
  • Legislature sends bill to President Trump to loosen banking regulations set in 2008 in response to the financial crisis.  (PPH 5.22.2018)
  • Romero Rainey, President and CEO of the Independent Community Bankers of America (ICBA), seeks to loosen federal banking regulations.  (The Hill 5.22.2018)
  • Maine banks report new foreclosures steadily decreasing throughout Maine.  (PPH 5.6.2018)
  • Bangor Savings Bank begins new construction of its headquarters on Bangor’s waterfront.  (Mainebiz 4.24.2018)
  • SunTrust breach linked to an employee and outside criminal.  (News Center Maine 4.20.2018)
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)

 

Monday
Mar272017

Financial Institutions...In the News

  • Maine Harvest Credit Project formed an expert panel to assist with creating a new credit union for farmers and food entrepreneurs.  (Central Maine 3.16.2017)
  • Savings accounts at financial institution generally remain low as federal rates increase for borrowing.  (BDN 3.15.2017)
  • A study of Maine’s state-chartered banks and credit unions report that foreclosure activity is the lowest in 8 years.  (Portland Press Herald 2.25.2017)
  • Skimming device found on ATM at Downeast Credit Union branch in Belfast.  (Central Maine 2.26.2017)
  • March stock split in announced for Bar Harbor Bankshares.  (Ellsworth American 2.23.2017)
  • Governor LePage proposes legislation to help elderly residences in foreclosure stay in their homes through reverse mortgages.  (MPAMAG 2.20.2017)
  • Norway Savings Bank has new domain name, norwaysavings.bank, which will enhance online security and offer more protection against cybercrime.  (Mainebiz 2.16.2017)
  • Massachusetts area Better Business Bureau warns of new scamming tactic – Caller asks if they can be heard and then records voice of person saying “yes” to use at a later time.  (CBS News 1.20.2017)
Wednesday
Mar232016

Financial Institutions . . . In the News

  • Millinocket Key Bank, branch consolidates with Lincoln branch.  (BDN 2.8.2016)
  • Some businesses struggling with conversion to chip credit cards.  (Central Maine 2.13.2016)
  • Norway Savings Bank celebrated milestone – 150th Anniversary.  (King 2.17.2016)
  • Maine is leading the way with home sales and rise in median prices.  (Mainebiz 2.24.2016)
  • Eastern Maine bankers report record revenue in 2015 validating stronger consumer confidence.  (The Ellsworth American 3.1.2016)
  • Long court process hinders the number of Maine mortgages in the foreclosure system keeping Maine foreclosure numbers among the highest in the nation.  (PPH 3.18.2016)
  • Gorham Savings Bank introduces state’s first interactive teller machine and entwine other technologies into routine services to its customers.  (Mainebiz 3.22.2016)
  • Home sales in Maine go up but median prices fell over 4%.  (PPH 3.21.2016)