So Maine …. (New England Interstate Banking)
Guilford, Maine, is still a long way in the world centres of money. Indeed, this is a long way from almost everything except Sangerville, Monson and Dover-Foxcroft. But since the arrival of the Interstate Banking in Maine two years ago, you think Guilford was an alley of Wall Street.
“We see numbers of banks here in search of business quite often,” said Dan Johnson, Assistant Treasurer Guilford Industries Inc., the city of the activity of leasing, the fabric for the office. “First Boston , Bank of Boston, First Chicago, Citicorp, all come here for customers. They are most often looking for big customers, but probably take a few small accounts on the way. ”
For Johnson, these contacts have been changing Guilford obvious, because as the first State of Maine in the nation, between a right bank. Other changes - and it was much - are subtle, say, Maine Business officials.
The results are not all, but. State regulatory authorities are still collecting data on the effects of the Interstate Banking. The transition has clearly been painless, even if it’s a little rough. In two years, Out-of-State holding companies of Maine bought each of the major banks. More than 85% of commercial deposits in the state are now in Out-of-State Bank holding companies.
Advantages
Maine has undoubtedly benefited. The Out-of-State banks have provided approximately $ 20 million in new capital to Maine, according to the Bank reported. Investments in natural resources, the sectors have increased, state officials said. Companies pleased report greater availability of credit and an array of financial services vibrate. Even the few remaining small independent banks, some of whom fear that Out-of-State-attack, have flourished alongside their immense surprise colleagues.
In most cases, Maine businessmen welcomed Interstate Banking. It was, after all, where it all began.
“The biggest change was placing on the market, competition,” said Johnson. “We will never see.”
Related Articles
The seller online victims of counterfeit cashier checks
Thus, the burden largely on ISPs to ensure that all the checks it is legitimate to accept, before the use of resources or shipment of goods. Donna Gambrell, deputy director of the FDIC division of supervision and consumer protection, said:''One of the reasons why such frauds can be as successful,
Portland Press Herald, Maine, Business Briefs Column.
HOTEL TO CONTEST EPA ALLEGATION OF ILLEGAL VENTING: The operators of the DoubleTree Hotel in Portland plan to contest allegations that they illegally vented refrigerant gases from air conditioners. The Environmental Protection Agency, which investigated the alleged venting in May, has proposed a $39,600 fine against the operator, Erin Inc. The
Health Insurance multiply fraud GAO said.
Frauduleuses insurance companies are more and more young viktimisierenden employers and insured individuals seeking health care affordable rates. The General Accounting Office determined Wednesday that 144 posts attacked when naive buyer of insurance, even if it is not authorized by the public insurance schemes to sell health services and benefits coverage
New laws, employees of companies billing
Kristen Jordan sells his dream business earlier this year, because it could not hold with the new regulations state that seeks to avoid the kind of fraud, the employer that cost millions of dollars in Maine, two years ago. Whether these provisions have the force was rather Jordan and other small
Referendum aims to undo gay rights
AUGUSTA – Marriage would be limited to heterosexual couples and civil unions would be prohibited under a referendum being pursued by the Christian Civic League of Maine. Under the proposed legislation, same-sex couples would not be allowed to adopt, sexual orientation would be removed from the Maine Human Rights Act and
Compassion trademarks of S.F. 's Top judges
Clad in their default black robe and round glasses, San Francisco Superior Court Judge Donna Hitchens chooses a teddy bear of a variety ausgestopften animals in their rooms and nostalgia on the heads of the courtroom. It is Monday morning - and still ensure a memorable Hitchens in running the factory
Central Maine Power respond creatively legal.
Central Maine Power Co., Maine headquarters biggest advantage in Augusta, was selected first, if the Maine Public Utilities Commission (MPUC) adopt regulations during the year 1981, the company closed the acquisition of energy developers. The developers are cogenerators - industrial enterprises that produce thermal performance for its own manufacturing process
Wilton police crisis
Adam Deveau found her sister 14 years lie in a crumpled heap on the side of the road. Minutes in advance, Sarah Deveau referred to the bonnet of a speeding Nissan Sentra and broke the windshield. It landed 20 metres. The driver, Katy Jay LaPlante, do not stop. "(Sarah) was only blood
Many companies employ relatives of cadres and leaders
Many corporate executives love to compare their firms to a family. But in certain public enterprises Bay Area, it is literally true. Franklin Resources San Mateo, the fourth largest nation fund business investment, promote Greg Johnson in January Co-Chief Executive, the successor to his father Charles, remains chairman of the board
Storm differs north-east with a record result of rain
New Jersey, Jon Corzine p. Dir is not only the governor, already has a car crashes. Here are some other wrecks, the presidents of national central banks: Kirk Fordice was almost killed in a car crash, while the governor of Mississippi in 1996. Fordice was driving from Memphis, that his Jeep