The Bank of Maine Announces $338 Million in Financings to Customers
(firmenpresse) - PORTLAND, ME -- (Marketwire) -- 03/28/12 -- The Bank of Maine announced that it extended approximately $338 million in financings to its customers since January 2011. This represented strong growth in the bank's commercial and industrial, commercial real estate and residential mortgage lending.
"We continue to expand our lending activities," said John W. Everets, Chairman of The Bank of Maine. "We have made significant progress in providing access to lending and as a result have been able to capitalize on the historical low rate environment and experience of our dedicated lenders to provide increased financing opportunities for old and new customers alike."
"We have seen an increase in business activity by companies of all sizes," said Ben Geci, Senior Vice President of The Bank of Maine. "We are well positioned with an array of lending options and competitive pricing to help businesses find the ideal financing solution to take advantage of the low rates."
The Bank of Maine has dedicated commercial lenders throughout Maine who work directly with its borrowers. The bank also has experienced and knowledgeable residential mortgage loan specialists at all 32 banking centers.
In addition, The Bank of Maine is a top provider of U.S. Small Business Administration (SBA) loans in Maine. The bank has Preferred Lender, Express, Export Express and Patriot Express status in its SBA lending.
"The Bank's SBA status and experience helps small businesses find funds from a trusted financial institution that they need to start, maintain and expand their businesses," said Lorraine Boston, Senior Vice President of The Bank of Maine.
The Bank of Maine offers a full array of cash management services to its business customers to assist them in managing critical cash flow needs. Whether a transaction is made in person, online, or on the phone, business customers can expect a high level of service and expertise tailored to their individual needs.
The Bank of Maine, founded in 1834, is a 177 year old FDIC-insured, federally chartered savings bank with more than $790 million in assets. The bank offers a broad range of personal and business financial services through its 33 branches and 43 ATM sites located from York to Fort Kent. In addition to serving the needs of its customers, the bank and its charitable foundation have returned over $25 million to Maine communities through contributions and grants. To learn more, visit or join us on Facebook and Twitter.
Renee Smyth
207.518.5607
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Datum: 28.03.2012 - 04:00 Uhr
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News-ID 1097200
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