Financial Institutions . . . In the News

Amanda Rector, Maine state economist predicts a stronger economy with job growth for 2015. (Sun Journal1.8.2015)

Charles Colgan, USM economist cautions Maine businesses and policymakers on Maine’s future workforce. (PPH1.8.2015)

Chip-coded credit cards provide extra level of security. Unlike Europe, PIN numbers in the US will not be required. (MPBN1.5.2015)

CetoLogic’s Deposit Reclassification lowers reserve balance requirements by the Federal Reserve making lending funds available. (Business Wire1.6.2015)

Start-up credit Union, Maine Harvest, is working towards its state charter and obtaining NCUA insurance. (Credit Union Times1.7.2015)

TruChoice Federal Credit Unionandthe Portland Police Department Federal Credit Union merged in early December. (Mainebiz1.6.2015)

The National Association of Federal Credit Unions (NAFCU) sent a letter to Congress asking for regulatory relief. (The Hill1.6.2015)

President Andrew Silsby becomes President and CEO of Kennebec Savings Bank. (Mainebiz1.5.2015)

Bob Montgomery-Rice became President of Bangor Savings Bank in January 2015. (Mainebiz12.17.14)