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.
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Posted inBusiness, Local & State
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 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, Local & State
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 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.