Revenue is down after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.
banking
Posted inBusiness
Longtime Maine-based commercial banker announces retirement
Raymond “Chip” Kelly, KeyBank Maine market president, plans to retire in November after a more than 37-year career, 30 of which have been spent in Maine.
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Posted inBusiness, Nation & World
Fed set to impose another big rate hike to fight inflation
Despite conflicting signs, for now the Federal Reserve is focused squarely on its inflation fight, and this week it’s set to announce another hefty hike in its benchmark interest rate.
Posted inBusiness, News
Brian King named Bank of America Maine president
King will oversee the bank’s operations and philanthropic giving in the state.
Posted inBusiness, Local & State
Maine’s marijuana industry booming no thanks to banks
Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution
Posted inBusiness, Local & State, News
Maine banks team up to launch worker recruitment campaign
Amid the state’s labor shortage, Maine banks are struggling to hire enough workers to meet their needs.
Posted inOp-Eds, Opinion
Commentary: Updating regulations will help prevent next mortgage meltdown
The rules should be expanded to apply to the internet-based ‘nonbanks’ that are underwriting two-thirds of home loans.
Posted inBusiness, Local & State
Two Maine banks make Forbes’ top 10 list for best U.S. banks
Bangor Savings Bank ranked No. 2 and Camden National Bank ranked No. 7 on the list.
Posted inBusiness, Nation & World
These states offer women the worst/best mortgage deals (Maine makes 1 list)
Women paid more than men in every state except Alaska, mortgage startup Own Up found.
Posted inBusiness, Local & State
Camden National named among top 50 U.S. community banks
Camden National Bank was the only Maine-based bank to be recognized by S&P Global Market as a top community bank in 2020.