Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • Camden National Corporation and Camden National Bank elect new board members David Ott and Carl Soderberg. (PR Newswire 10.14.2015)
  • Maine’s largest community bank is established by the Camden National Bank and The Bank of Maine merger. (PPH 10.16.2015)
  • Grand Trunk building, floors 2 and 3, are now owned by Gorham Savings Bank, along with prior ownership of the 1st floor, gives the bank complete ownership of Grand Trunk. (Mainebiz 10.19.2015)
  • Eastern and coastal Maine areas being hit with debit and credit card fraud cases are under investigation by county and federal officials. (BDN 10.22.2015)
  • According to Ellie Mae, mortgagecompanies are being less concerned with consumers who have a lower FICO score than what was demanded in the past. (PPH 10.23.2015)
  • The auditors for the Town of Columbia Falls, Maine find a bank account in the town’s name with over $19,000 that the Town did not know existed. (BDN 10.23.2015)
  • J.P. Morgan-Chase Bank sues Town of Millinocket and current owners for failing to follow correct procedures in selling tax-acquired property. (BDN 10.26.2015)
  • Maine Realtors Association reports the third quarter sales of single-family homes is up 14.5% from the same period in 2014. (BDN 10.26.2015)
  • New Maine law helps to prevent identity theft, took effect on October 15. (BDN 10.24.2015)
Topics: Current Events in Banking