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.
banking
Posted inBusiness
Maine credit union for food producers receives federal charter
Unity-based Maine Harvest Federal Credit Union will offer business loans to small farms, farmers and other food producers.
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Posted inOp-eds, Opinion
The humble Farmer: Maine companies are the best equipped to serve Maine residents
Keep local money in the local economy – don’t encourage policies that funnel it to Chinese, Spanish or New York corporations.
Posted inBusiness
Westbrook’s Infinity FCU plans to merge with Illinois credit union
Maine would serve as the new organization’s East Coast hub.
Posted inBusiness, Local & State
Bar Harbor Bank picking up 8 People’s United branches
The branches will increase the bank’s footprint to 22 Maine locations.
Posted inBusiness
Deutsche Bank cuts mark end of failed bid for global reach
The German bank, which is cutting 18,000 jobs, aims to go ‘back to our roots’ by refocusing on traditional strengths like serving corporate customers and wealthy individuals.
Posted inBusiness
Gorham Savings to close Kennebunk location
The bank cites geography and administrative challenges and says it will reassign the branch’s two employees.
Posted inBusiness, Local & State
Maine banks seek market share in neighboring states
The latest example is Bangor Savings Bank, which completed its $45 million acquisition of New Hampshire-based First Colebrook Bancorp Inc. last year.
Posted inBusiness
TD Bank hires new regional president for northern New England
Sheryl McQuade will lead TD Bank’s northern New England operations through a network of roughly 130 branches and 4,300 employees.
Posted inBusiness, Local & State
Capital One to acquire Portland credit services provider BlueTarp Financial
Founded in 1999, BlueTarp creates customized line-of-credit programs that retailers and wholesalers can offer to their commercial customers.