Banking Law Update

A blog from the attorneys of Verrill

Search Blog

Financial Institutions . . . In the News

  • CEO Scott Budde of The Maine Harvest Credit Project plans to file applications in January to become a state-chartered credit union in Maine. (Mainebiz 10.31.2016)
  • Banks sending elaborate gifts to businesses and individuals are anew scam in Maine. (WCSH6 11.2.2016)
  • Gardiner, Maine received an historic block of buildings on Main Street from Camden National Bank for redevelopment. (Central Maine 11.3.2016)
  • New rule is under review by the FDIC for institutions with more than two million accounts which would require timely access of deposits after an institution fails. (The Hill 11.14.2016)
  • The Federal Reserve Bank of Boston’s President and CEO Eric Rosengrenhighly expects to raise interest rates in December. (Reuters 11.15.2016)
  • Personal incomes are rising across all Maine counties but at a slower rate than the rest of nation according to new federal estimates. (Central Maine 11.17.2016)
  • Chinese bribery case forces JP Morgan to pay $264 million in fines to federal authorities. (Central Maine 11.17.2016)
  • Central Bank is on track to raise interest rates in December according to congressional testimony of Federal Reserve Chair Janet Yellen. (BDN 11.18.2016)
Topics: Current Events in Banking
Contact Verrill at (855) 307 0700