TD Bank customers said they’ve spent hours waiting to talk to bank representatives about their Paycheck Protection Program loan applications and other issues.
banking
Maine lenders buried in applications as small businesses seek federal aid
Financial institutions are hurriedly processing a flood of requests for emergency loans backed by the U.S. Small Business Administration.
Maine small businesses, lenders scramble to navigate federal aid package
While government agencies get up to speed on new federal programs, smart business owners are taking action.
Credit unions concerned Mainers are withdrawing too much cash
The withdrawals appear to coincide with the coronavirus pandemic and credit unions seek to reassure customers that their money is safer in financial institutions than in their homes.
Maine financial institutions seek to reassure customers, limit contact
Representatives of banks and credit unions are promoting drive-through and digital access while lobby services are limited.
Biddeford, Mechanics savings banks merge
Maine Community Bank plans to keep all 10 branches open, and has no plans to lay off employees, its CEO says.
Efforts to improve banking access for cannabis growers take a big hit
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.
Bangor Savings Bank to acquire Damariscotta Bank & Trust
The combined company would have $4.8 billion in assets and more than 60 branches in Maine and New Hampshire.
Bangor retailer wins KeyBank award
The Willie Wags uses it customer base to support women-owned business and Maine-made products.
Maine Compass: Give ‘we, the people’ control of our state’s vital infrastructure
Electricity, water, banks and the internet should be in the hands of the public, not corporate interests.