SOURCE: The Bank of Maine

The Bank of Maine

August 21, 2012 12:13 ET

The Bank of Maine Surpasses Goal of $600 Million in Financings to Customers

Seeks Opportunities to Lend Another $600 Million

PORTLAND, ME--(Marketwire - Aug 21, 2012) - The Bank of Maine announced that it surpassed its goal of providing $600 million in financings to its customers since January 2011. This represents continued strength in the bank's commercial and industrial, commercial real estate and residential mortgage lending. 

"We are building our bank by working hard every day to help Maine's business owners succeed," said John W. Everets, Chairman of The Bank of Maine. "With our well established relationships in the communities we serve and innovative products, we're well positioned to acquire, retain and delight our customers." 

"We know how important companies of all sizes are to the economy," said Ben Geci, Senior Vice President of The Bank of Maine. "We have an array of lending options and competitive pricing to help businesses find the ideal financing solution to take advantage of our attractive rates."

The Bank of Maine has dedicated commercial lenders throughout Maine who work directly with borrowers. The bank also has experienced and knowledgeable residential mortgage loan specialists at all of its 32 banking centers. 

The Bank of Maine is a top provider of U.S. Small Business Administration (SBA) loans in Maine. The bank offers Preferred Lender, Express, Export Express and Patriot Express status in its SBA lending. 

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. 

About The Bank of Maine
The Bank of Maine, founded in 1834, is a 178 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 www.thebankofmaine.com or join us on Facebook and Twitter.

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