Banking Law Update

A blog from the attorneys of Verrill

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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)
Topics: Current Events in Banking