State Coverage: Maine
Camden Forms Management Team
American Banker | Apr 12Camden National Corp. has formed an executive management team. The five-officer team reports to Gregory Dufour, the Maine company's president and chief executive.
Northeast Shareholders Get More Time
American Banker | Sep 15Northeast Bancorp of Lewiston, Maine, announced it is giving its shareholders more time to submit election forms on a proposed acquisition of FHB Formation, an investment ...
Boston Banker Returns to Maine Roots to Rescue Ailing Thrift
American Banker | Jun 11John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink by spearheading a $60M ...
Drawn by Capital, More Mutuals Seek to Become Stock Companies
American Banker | Jun 04Lured by the chance to raise capital and worried about the future of the Office of Thrift Supervision, a wave of mutual holding companies have received approval to convert to ...
Maine Thrift Gets Fresh Capital
American Banker | May 31A Maine investment group has agreed to inject $60M into Savings Bank of Maine in Gardiner as part of the thrift's recapitalization plan, the companies announced last week.
Conversion Could Complicate Rare Bank-CU Merger Plan
American Banker | Sep 12From Mark L. Johnston's point of view, the merger agreement that his mutual savings bank in Augusta, Maine, announced this week is not much different from any other one.
Kennebunk Getting 'Acclimated' in Advice
Ms. Ryst is a freelancer in New York. | May 07Kennebunk Savings Bank's small size has not stopped it from adding investment advisory services to its insurance and banking businesses to boost noninterest income ...
Buying, Then Building, in Insurance
American Banker | Apr 25Northeast Bancorp in Lewiston, Maine, has bought seven insurance agencies in the last 18 months, but its desire to increase fee income only half explains its motives.
Northeast Bank's Growth to Emphasize Insurance
American Banker | Sep 13The chief executive of Northeast Bank in Lewiston, Maine, says it plans to maintain an aggressive acquisition strategy as it seeks to expand its insurance business — as well as its overall banking operations — throughout Maine and into New Hampshire.
Toronto-Dominion U.S. Unit Seen Relying on Cuts
American Banker | Aug 24Toronto-Dominion Bank reported Thursday what analysts called solid results for its fiscal third quarter, which ended July 31, but analysts said its U.S. banking business continues to rely largely on cost cuts for earnings growth.
Camden of Maine Making Acquisition
American Banker | Aug 15Camden National Corp., of Camden, Maine, announced Tuesday that it has agreed to buy Union Bankshares Co., of Ellsworth, Maine, for about $72.5 million, or 1.82 times book value.
Bangor Savings' Deal Follows Plan in Southern Maine
American Banker | Jun 06Ending nearly a decade on the sidelines, Bangor Savings Bank in Maine is bulking up in the southern part of its home state.
4Q Earnings: Revenue Outlook Stays Cloudy, and Expense Focus Intensifies at TD Banknorth
American Banker | Jan 25As he prepares to take the chief executive job at TD Banknorth Inc., Bharat B. Masrani is painting a less than rosy picture of the Portland, Maine, company's profit outlook, but he said he is taking steps to improve operations and cut costs 5% to 8%.
Chittenden of Vt. in $111M Deal for Maine Bank
American Banker | Jan 22Chittenden Corp. in Burlington, Vt., is expanding in Maine with its first deal in four years.
More States Put ILC Curbs On Agenda
American Banker | Jan 18WASHINGTON — While Congress continues to debate legislation to stop Wal-Mart Stores Inc. and other commercial companies from owning industrial loan companies, momentum is building around state efforts to curb their branching powers.
