Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • Wells Fargo Bank $1 billion fine is among the largest set by regulators. (Central Maine 4.19.2018)
  • Federal Reserve Chairman Jerome Powell maintains that slow and steady increases in rates is the right course of action to strengthen the economy. (PPH 4.7.2018)
  • Lake Sunapee Bank in New Hampshire will now be known as Bar Harbor Bank & Trust. (Valley News 4.8.2018)
  • Maine’s banking industry is seeing changes in leadership as women take on more executive roles. (Mainebiz 4.4.2018)
  • A warning from Maine’s Bureau of Financial Institutions is issued due to scammers deceiving bank customers and credit union members. (Central Maine 4.2.2018)
  • Elderly Mainers are an easy target for financial abuse which often goes unreported. (BDN 3.29.2018)
  • Maine credit unions continue to attract new members. (Central Maine 3.28.2018)
  • President and CEO Bob Montgomery-Rice of Bangor Savings Bank announces a new branch office in Portsmouth, NH. (Mainebiz 3.23.2018)
  • Community Credit Union President and CEO Jennifer Hogan reports the credit union will stay at 144 Pine Street in Lewiston. (Sun Journal 3.7.2018)
  • Maine banks benefited from a strong economy and stock market resulting in 2017 being a good year. (The Ellsworth American 3.4.2018)
Topics: Current Events in Banking