Banking Law Update

A blog from the attorneys of Verrill

Search Blog

Financial Institutions . . . In the News

  • Judy Shelton nomination blocked by Senate to Federal Reserve (Portland Press Herald 11.17.2020)
  • Judy Shelton is expected to receive Senate confirmation this week to the Board of Governors for the Federal Reserve. (PBS NPR 11.16.2020)
  • Bangor Savings Bank and Damariscotta Bank & Trust plan merger closing on November 30. (The Hour 11.13.2020)
  • Machias Savings Bank creates two new positions in a leadership plan announced recently. (Mainebiz 11.13.2020)
  • The Federal Reserve continues low interest rates and economic support related to the COVID pandemic. (Central Maine 11.5.2020)
  • Dan Walsh has been promoted to President of Norway Savings Bank. (Mainebiz 11.19.2020)
  • Maine foreclosure rates are one of the highest in the country at 18.2%. (Mainebiz 10.16.2020)
  • A Westbrook building and parking lot will be redeveloped to become Maine Community Bank’s operation center. (Mainebiz 10.7.2020)
  • A report of possible money laundering by large global banks caused markets to drop. (Maine Public 9.21.2020)
  • Large banks are reported to gain from illicit transactions after warnings from regulators. (Portland Press Herald 9.21.2020)
  • Incomplete government records hinder COVID relief payments to individuals. (Portland Press Herald 9.21.2020)
  • Maine Emergency Grant programs are not receiving the amount of applications anticipated. (Portland Press Herald 9.2.2020)
  • Bar Harbor Bank & Trust is moving its location from Topsham to Cooks Corner in Brunswick. (Mainebiz 9.9.2020)
Topics: Current Events in Banking
Contact Verrill at (855) 307 0700