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BANK SUPERINTENDENTíS NOTICE

TO INTERESTED PARTIES

            This is to inform you that we have received an application, pursuant to Title 9-B, M.R.S. Chapter 121, for a certificate of public convenience and advantage to establish a nondepository trust company to be known as Portland Trust Company, LLC (“PTC”) and to be located at Two City Center, Portland, Maine.

            The application has been filed by Androscoggin Savings Bank, Lewiston, Maine (“ASB”), a Maine state-chartered financial institution, along with two individuals: James A. MacLeod, Yarmouth, Maine and Amelia I. Kurtz, Scarborough, Maine.  The names, addresses and occupations of the proposed initial directorate are listed below.

            Paul H. Andersen                    Lewiston, ME             President, ASB
            Neil J. Kiely                           Lewiston, ME             EVP/Chief Strategy Officer, ASB
            Thomas J. Zuke                      Lewiston, ME             EVP/CFO, ASB
            James A. MacLeod                 Yarmouth, ME            Proposed President, PTC
            Amelia I. Kurtz                       Scarborough, ME       Proposed CEO, PTC

            You may submit written comments on this application to the Bureau of Financial Institutions, 36 State House Station, Augusta, Maine 04333-0036 or electronically through the Bureau of Financial Institutions’ website at www.maine.gov/pfr/financialinstitutions.  A hearing on this application will be held by the Superintendent of the Bureau of Financial Institutions, as provided in Title 9-B M.R.S. Section 252, upon receipt of a bona fide and reasonable request.  The Bureau will accept written comments and requests for a hearing through Friday, June 26, 2015.  The Superintendent's decision on this application will be based on the decision-making criteria set forth in Title 9-B M.R.S. Section 253.

                                                                                 
Lloyd P. LaFountain III
Superintendent

 

Gardiner, Maine
May 21, 2015

 

Last Updated: May 27, 2015