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Atlantic Trust LLC to Form New Nondepository Trust Company in Maine

Maine will soon be getting a new nondepository trust company, Atlantic Trust, LLC.

On March 18, 2016, the Maine Bureau of Financial Institutions issued a Superintendent’s Notice regarding the filing of a certificate of public convenience and advantage to form Atlantic Trust. The application was submitted by Atlantic Financial Services of Maine, LLC, an investment adviser firm on Commercial Street in Portland, Maine that is wholly owned by John P.M. Higgins of Cape Elizabeth.

The initial board will consist of John Higgins, Robert A.G. Monks, Stewart A. Gardner, Richard A. Bennett, and Jonathan L. Cottrell.

Written comments and requests for hearing on the application are due by Sunday April 17, 2016 by using the following link.

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

Topics: Current Events in Banking
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