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SUPERINTENDENT'S 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 Atlantic Trust, LLC and to be located at 111 Commercial Street, Portland, Maine.

            The application has been filed by Atlantic Financial Services of Maine, LLC, Portland, Maine (“AFS”), an investment adviser firm licensed by the State of Maine and wholly-owned by John P.M. Higgins.  If approved, the applicant would change its name to Atlantic Trust, LLC and become a nondepository trust company. The names, addresses and occupations of the proposed initial directorate are listed below.

            John P.M. Higgins      Cape Elizabeth, ME    President & CEO, AFS
            Robert A.G. Monks    Cape Elizabeth, ME    Chairman, ValueEdge Advisors
            Stewart A. Gardner    Santa Fe, NM              President, Stoneharbor Investor Group
            Richard A. Bennett     Oxford, ME                President & CEO, ValueEdge Advisors
            Jonathan L. Cottrell    Cape Elizabeth, ME    Senior Portfolio Manager, AFS
           
            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 Sunday, April 17, 2016.  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
March 18, 2016

 

 

Last Updated: March 18, 2016