Mascoma Bank, a New Hampshire-chartered bank headquartered in Lebanon, New Hampshire, notified the Superintendent of the Bureau of Financial Institutions, pursuant to Title 9-B M.R.S. §373, of its intent to establish a de novo branch in Maine. The proposed branch will be located at 48 Free Street, Portland, Maine.
In addition to providing notice to the Superintendent, the proposed branching activity also requires the applicant to file with the appropriate state and federal regulatory agencies that have supervisory authority for the applicant, the New Hampshire Banking Department (“NHBD”) and the Federal Reserve Bank of Boston (the “FRBB”). If the Bureau finds that the proposed branching activity does not comply with applicable Maine law, it may file an objection with the NHBD and the FRBB.
You may submit written comments on the branching activity to the Bureau of Financial Institutions, 36 State House Station, Augusta, Maine 04333-0036 or electronically through the Bureau of Financial Institutions’ Web site at http://www.maine.gov/financialinstitutions. The Bureau will accept written comments through Thursday, September 21, 2023.
/s/ Lloyd P. LaFountain, III
Superintendent
Gardiner, Maine
August 22, 2023