Maine

Camden National in Camden, Maine, has agreed to buy SBM Financial in Portland, Maine.

Saco & Biddeford Savings in Saco, Maine, has a new president.

Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.

AUGUSTA, Maine — U.S. Rep. Mike Michaud hopes that a change of address — namely, a move from Washington, D.C., to the Maine governor's mansion — won't lessen his impact on credit unions.

Katahdin Bankshares (KTHN) in Houlton, Maine, has completed a $10 million private placement.

The First Bancorp (FNLC) in Damariscotta, Maine, announced that its chief executive is retiring early next year and will be replaced by its chief operating officer.

Kennebec Savings Bank has a 19th century charter, but it is poised for a complex conversion to deal with modern challenges like activists investors, M&A pressures and even Basel III.

PITTSFIELD, Maine — Sebasticook Valley FCU is stepping in to help employees of the UTC Fire and Security plant here, which will be shutting down next year.

Jeanne Hulit, the acting head of the Small Business Administration, is leaving Washington behind to join Northeast Bank in Lewiston, Maine, as the president of its Northeast community banking division.

Machias also agreed to acquire the assets at the six banks, including loans and real estate, and about $75 million of deposits, the companies said when they announced the sale in July.

Northeast Bancorp (NBN) in Lewiston, Maine, can now make owner-occupied commercial real estate loans without fear of exceeding a cap on such loans imposed by regulators.

Bar Harbor Bancshares (BHB) in Maine has chosen TD Bank (TD) executive Curtis Simard as its next leader.

Flush with capital from a recent stock sale, Northeast has launched an online bank, established a nationwide loan-purchasing unit and, most recently, opened a mortgage office in Massachusetts.

The president and chief executive of Bar Harbor Bankshares (BHB) in Maine will retire in June. Joseph M. Murphy has held those positions at the company and its Bar Harbor Bank & Trust unit since 2002.

Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.

Bar Harbor Bankshares (BHB) in Maine is getting some love from analysts following its record earnings performance in the first quarter.

Camden National Corp. in Maine has formed an executive management team. The five-officer team reports to Gregory Dufour, the $2.3 billion-asset company's president and chief executive.

Northeast Bancorp of Lewiston, Maine, announced it is giving its shareholders more time to submit election forms on a proposed acquisition of FHB Formation LLC, an investment entity formed to inject capital into Northeast.

John 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 last month by spearheading a $60 million investment.

Lured 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 full stock companies.