Credit Union Backs Away From Plan To BuyBuilding

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RICHMOND, Maine - (12/16/05) Bowdoinham FCU has backed away fromplans to buy a 62,000-square-foot building here on eight acres tobe its new headquarters. The credit union had planned to buy thebuilding, a former Etonic shoe factory, from the city for $500,000,but cited federal regulations and the likelihood it would have toinvest up to $250,000 to upgrade the space in making itsdecision.

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