A proposal to protect financial institutions serving marijuana businesses was stripped from the federal spending bill, and a measure to improve access to banking is held up in the Senate Banking Committee.
banking
Posted inBusiness, Maine
New credit union for Maine food producers opens for business
Maine Harvest Federal Credit Union promises to offer a previously unavailable source of financing for the state’s small farms and food businesses.
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Posted inBusiness, Maine, Maine Crime
Judge rules Bar Harbor bank must face claims it let conman steal from estate, then tried a cover-up
Plaintiffs allege the bank’s trust business allowed Robert Kenneth Lindell Jr. to steal over $1 million from an elderly widow’s estate and then tried to cover up its involvement.
Posted inBusiness, Maine
Maine banks seek market share in neighboring states
Some Maine-chartered banks view states such as New Hampshire and Vermont as attractive markets to expand their operations.
Posted inFranklin
Selectmen vote to change Strong’s banking practices
STRONG — Selectmen have agreed to make changes to the town’s banking practices. Selectmen finalized a review Tuesday night of the town’s banking expenses, interest rates and services. The 1.50 percent interest rate that Franklin Savings Bank offered beat Bangor Savings Bank’s offer of 1.15 percent. Services are similar and the change would take effect […]
Posted inObituaries, sj-web
Mary Elizabeth Chizmar
LEWISTON — Mary Elizabeth Chizmar, 93, formerly of Lisbon Falls, Maine, passed away Tuesday, May 29, at D’Youville Pavillion in Lewiston, Maine. She was born in Lisbon Falls, Maine, on Jan. 12, 1925, the daughter of the late Paul and Helen (Gacko) Yenco. She attended school in Lisbon Falls, graduating with honors from Lisbon High School […]
Posted inNation / World
U.S. House to vote on sweeping rollback of Dodd-Frank banking rules
WASHINGTON — The House on Thursday is preparing to vote on sweeping legislation to roll back Wall Street regulations. The bill, introduced by Rep. Jeb Hensarling, R-Texas, offers the country’s nearly 6,000 banks a choice: If they want to avoid many of the regulatory burdens imposed during the Obama administration, they must significantly increase their […]
Posted inBusiness
Mechanics Savings, Biddeford Savings alliance plan moves forward
AUBURN — A plan by Mechanics Savings Bank and Biddeford Savings Bank to form a mutual holding company meant to strengthen both banks was approved by the banks’ corporators and depositors this week. The banks have already received conditional approvals to proceed with the partnership from the Federal Depositors Insurance Corp. and the Maine Bureau […]