Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • Bangor Savings Bank plans new branches and new hires. (BDN 1.7.2020)
  • Biddeford Savings Bank and Mechanics Savings Bank have combined to form Maine Community Bank. (Central Maine 1.7.2020)
  • Mortgage rates in 2020 are expected to stay low but supply of housing may still prove a problem. (PPH 1.6.2020)
  • The purchase of Damariscotta Bank & Trust by Bangor Savings Bank has an expected closing in the second quarter of 2020. (PPH 12.18.19)
  • Two members of Evil Corp., a Russian hacking group, are being charged with several counts of criminal charges, including bank and wire fraud. (NPR 12.5.19)
  • Northeast Bank moves its headquarters to Portland and closes a branch office. (BDN 11.18.19)
  • Brazilian man charged with using counterfeit credit cards at New Hampshire seacoast area and other places in the U.S. (Fosters 10.31.19)
  • Reports indicate there are fewer zombie houses. (DS News 10.31.19)
  • Bar Harbor Bank to close five locations by December 31. (Valley News 10.17.19)
Topics: Current Events in Banking