State Coverage: Maine
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.
Maine Thing: Camden Tries New Approach
American Banker | Jan 18Camden National Bank in Maine has found that new branches take five to seven years to become profitable in its sparsely populated home state, so it has developed an alternate strategy for entering new markets: small-business financial centers.
N.E.'s Biggest Mutual Thrift Looks to Buy
American Banker | Jan 09Eastern Bank in Boston has not been much of an acquirer in recent years, but that could change under its new chairman and chief executive, Richard E. Holbrook.
U.S. Bank Share of TD Profit Off
American Banker | May 26TD Banknorth Inc. of Portland, Maine, contributed a smaller share of Toronto-Dominion Bank's profits in the February-April quarter than a year earlier.
Benefits Chip Test Trimmed But on Schedule
American Banker | Mar 21Plans for a multistate test using smart cards for government benefits have been scaled back, but the test is on track to begin in early 2006.
Maine Bill to Tax CUs, But Raise Rates on Banks
American Banker | Jan 25What would community bankers think of proposed state legislation that would finally tax credit unions but also raise bankers' taxes?
