Banking Law Update

A blog from the attorneys of Verrill

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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)
Topics: Current Events in Banking