New Options and Tools Available to Consumers to Help with Federal Regulations (“Reg. E”) Regarding Overdraft Privileges
Lewiston, MAINE – May 26, 2010 – Androscoggin Bank, a community leader in financial services, today announced new banking options and tools for consumers affected by a recent federal banking regulation around overdraft privileges.
Beginning August 15, 2010 for existing checking account holders and July 1, 2010 for individuals opening new checking accounts, the new federal regulation will significantly alter the way consumers can use their debit card for everyday purchases and/or ATM transactions. ... read more
Androscoggin Reports Results from Annual Meeting
Lewiston, MAINE – February 1, 2010 – Chairman Dermot T. Healey welcomed the Board of Directors, Corporators and employees to the 140th annual meeting of Androscoggin Bancorp, Mutual Holding Company (MHC), held at the Ramada Conference Center in Lewiston on January 26, 2010.
Bank President and Chief Executive Officer, Steven A. Closson, reported that at year end, Androscoggin Bank’s loan portfolio totaled $567 million, representing nearly a 7% increase over 2008. Also at year end, total deposits were $470 million and assets were $674 million, representing increases of roughly 11% and 5%, respectively. ... read more
Androscoggin Bank Announces New Succession Plan
Lewiston, MAINE – January 29, 2010 – Androscoggin Bank, a community leader in financial services, today announced its senior management succession plan.
With the strong endorsement and encouragement of the company’s Board, Androscoggin Bank is pleased to announce that Paul H. Andersen will assume the role of President and CEO effective January 1, 2012. ... read more
Androscoggin Bank Announces “Free Shred Fridays”
Lewiston, MAINE – January 8, 2010 – Androscoggin Bank, a community leader in financial services, announced today that Maine residents can shred it up for free – at the bank and on Shawnee Peak.
Beginning January 8, Maine residents can shred their confidential documents for free on Fridays at any Androscoggin Bank location – and, in turn, get a $10 off lift ticket to shred the mountain later at Shawnee Peak. ... read more
