Beating the federal government to the punch on financial reform, Maine has created a broad new charter for its financial institutions.

"In Maine, we've always played catch-up to federal law," said Christopher W. Pinkham, president of the Maine Association of Community Banks. "We decided to take a proactive position."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.