Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions...In the News

  • Four branches of Bangor Savings Bank will close and consolidate with other branches. (WMTW 12.5.2015)
  • In December, Kennebunk Savings Bank welcomed Alyson Graybill and William Dehais to the bank. (Fosters 12.6.2015)
  • Senior$afe, a program to fight financial abuse of seniors, resulted in the reporting of 30 suspected cases since its inception by the State in 2014. (Mainebiz 12.28.2015)
  • Washington and Cumberland County are the only two counties that saw an income increase since 2000. (BDN 1.25.2016)
  • People’s United Bank, the seventh largest bank in Maine, announced its new Maine headquarters will be located on Fore Street in Portland. (Manebiz 1.25.2016)
  • Unemployment for December 2015 in Maine was the lowest in 15 years at 4.0 percent. (Portland Press Herald 1-26-2016)
  • Tony McKim, President of The First, N.A., announced the bank is changing its name to the First National Bank. (The Ellsworth American 2.1.2016)
Topics: Current Events in Banking