Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions...In the News

  • Consumer Data Industry Association files complaint against the State of Maine over two recently enacted laws. (BDN 10.2.2019)
  • Doors officially open October 8th at 1 PM at Maine Harvest Federal Credit Union serving farmers and food producers. (Waldo Village Soup 10.1.2019)
  • House passes the Secure and Fair Enforcement “SAFE” Banking Act allowing banks to serve licensed marijuana businesses. (News Center Maine 9.26.19)
  • Infinity Federal Credit Union decides to not merge with Vibrant Credit Union of Illinois. (Mainebiz 9.25.19)
  • Camden National Plaza development will become home to the new Camden National Bank. (BDN 9.18.19)
  • Changing Seasons Federal Credit Union announced Rob Picard as its new President and CEO. (Mainebiz 9.18.19)
  • A free mobile banking app known as Wallit is being developed by a Portland developer. (Mainebiz 9.16.19)
  • Maine AG Aaron Frey joins in federal lawsuit against the SEC’s Best Interest Rule. (Mainebiz 9.12.19)
  • Yarmouth historic train depot becomes branch for Gorham Savings Bank. (PPH 9.16.19)
  • Judge rules in favor of Poor Estate for the right to pursue nine allegations against Bar Harbor Bank & Trust. (PPH 9.13.19)
  • Fannie Mae’s and Freddie Mac’s lending rules may change under President Trump’s administration. (Maine Public 9.6.19)
  • Penobscot County Federal Credit Union and The County Federal Credit Union merger to be finalized April 1, 2020. (BDN 9.4.19)
  • Kennebunk Savings Insurance acquires Kimberly M. Elwell Insurance, LLC. (Mainebiz 9.3.19)
Topics: Current Events in Banking