Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • Thirteen employees at Saco & Biddeford Savings Institution earned certificates and high honor awards this year through the Center for Financial Training and Education Alliance (CFTEA). (BDN 7.10.17)
  • Mainers affected by State government shut-down will have fees cut by TD Bank and credit unions. (WGME 7.1.17)
  • CEO Bob Montgomery-Rice announces record profits for Bangor Savings Bank fiscal year that ended in March. (BDN 6.27.17)
  • PNC bank will permanently close the marijuana legalization group organization’s 22-year old accounts because of risks from the Trump administration. (BDN 6.21.17)
  • Banks and technology companies stocks have a lower return in the second quarter of 2017. (PPH 5.31.17)
  • Mortgage brokerage company clarifies the services of its role in mortgage lending and that the loan officers at brokerages are highly regulated. (PPH 5.28.17)
  • Mortgage rates drop to lowest level resulting in a rise in refinancing. (PPH 5.25.17)
  • April saw Maine home sales 14% lower in April 2017 compared to April 2016. (Central Maine 5.24.17)
  • The Dodd-Frank regulation and the recession is changing the mortgage lending industry. (PPH 5.22.17)
  • Merchants Bank, the last of Vermont’s statewide based banks, completes merger with Community Bank opens May 15th as Community Bank. (Vermont Biz 5.12.17)
Topics: Current Events in Banking