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BANKING NEWS
  • January 15, 2010 – Bureau of Financial Institutions Issues Annual Report
    Each year, Maine law requires a January 15th Report on the State of the Financial Institutions and Superintendent LaFountain has just issued the 2009 edition.     [Click HERE to read the full report]

  • December 15, 2009 – Maine Bureau of Financial Institutions Urges Extra Care When Purchasing Gift Cards
    This holiday season, the Maine Bureau of Financial Institutions is urging consumers to always read the fine print associated with gift cards. According to Lloyd P. LaFountain III, Superintendent of the Bureau of Financial Institutions, “many consumers are often unaware that some gift cards have expiration dates, fees and other terms that can significantly reduce their value over time.”     [Click HERE to read the press release]

  • December 11, 2009 - MACB hosts Emerging Leaders Conference
    Sixty-four bank leaders of tomorrow braved wintry weather December 9 to attend the 2009 Emerging Leaders Conference at the Harraseeket Inn in Freeport. Senior management decision making, ethics, and social media were among the topics of discussion. The program kicked off the evening before with an optional dinner and “Fireside Chat” of MACB CEOs (see photo left to right - click on photos to view larger images) Mark Mickeriz of Sanford Institution for Savings; Jon Prescott of Katahdin Trust Company; Mark Johnston of Kennebec Savings Bank; and Dan Daigneault of The First, N.A.

    Click below for speaker slides along with sample social media policies, and the results of Jim Jones’ SurveyMatters polling from his session on Senior Management Decision Making.

  • December 8, 2009 – Third quarter shows a modest increase in home foreclosures in Maine
    Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced that third quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing modest increase in home foreclosures in Maine.  In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.     [Click HERE to read the press release]

  • November 18, 2009 - 2010 Maine Financial Institutions Directory Now Available
    The 2010 version of MACB's Maine Financial Institutions Directory is now available to order. The directory is an exclusive listing of Maine banks and credit unions. It includes addresses, phone and fax numbers, MICR and routing numbers, business hours, financial highlights, top managers by name and function, and all branches and directors throughout the State of Maine. The Directory also contains a section of MACB programs and services as well as a listing of MACB member banks and affiliate members. [Click HERE to download the order form]

  • October 22, 2009 - MACB holds Directors College
    MACB’s 2009 Directors College drew a good turnout of 116 board members and senior bank officers to the Augusta Civic Center October 20.  Shown here is Laurie Lachance, president of the Maine Development Foundation, who gave a presentation on Maine’s economic challenges.   Jim Clarke of Clarke Consulting presented the keynote address entitled The Role of the Board in Understanding Bank Performance, and participants attended their choice of eight workshops during the morning.

    Click on the following links to view presentations from the speakers at the Directors College

  • September 30, 2009 - Wendy Wolf, MD, MPH Guest Speaker at 19th Annual Meeting of the Maine Financial Institutions Insurance Trust
    Dr. Wendy Wolf, President and CEO of Maine Health Access Foundation, was the guest speaker at the 19th Annual Meeting of the Maine Financial Institutions Insurance Trust held at the Samoset Resort in Rockport on September 30th. Dr. Wolf gave a 45 minute presentation entitled "Making Sense of Health Care Reform". [Click HERE to view Dr. Wolf's presentation]