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Department of Professional and Financial Regulation
State of Maine

This is to inform you that we have received an application, pursuant to 9-B, MRSA Chapter 121, for a certificate of public convenience and advantage to establish a universal bank to be known as Rivergreen Bank and to be located at 36 Portland Road (US Route 1), Kennebunk, Maine.

The names, addresses and occupations of the organizers are as follows:

  • Terrance L. Beers, Kennebunk, Maine. Mr. Beers is a former Senior Vice President of Ocean National Bank of Kennebunk and the proposed Chief Operations Officer of Rivergreen Bank.
  • Lawrence C. Brackley, Kennebunk, Maine. Mr. Brackley is retired.
  • Dennis D. Byrd, Gorham, Maine. Mr. Byrd is a former Executive Vice President and Chief Financial Officer of Coastal Bank and the proposed Chief Financial Officer of Rivergreen Bank.
  • A. William Cannan, Saco, Maine. Mr. Cannan is a former Executive Vice President and Chief Operating Officer of Northeast Bancorp and the proposed President and Chief Executive Officer of Rivergreen Bank.
  • Timothy M. Dietz, Kennebunk, Maine. Mr. Dietz is President and owner of Dietz Associates Inc.
  • James M. Faulkner, Kennebunkport, Maine. Dr. Faulkner is owner of J.M. Faulkner, DDS, Orthodontics.
  • J. Frank Harrison, Jr., Kennebunk, Maine. Mr. Harrison is a retired insurance executive.
  • Douglas R. Stockbridge, Kennebunk, Maine. Mr. Stockbridge is President of Rollins Management Group.

The public is invited to 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 . A hearing on this application will be held by the Superintendent, as provided in 9-B MRSA Section 252, upon receipt of a bona fide and reasonable request. The Bureau will accept written comments and requests for a hearing through Wednesday, August 7, 2002. The Superintendent’s decision on this application will be based on the decision-making criteria set forth in 9-B MRSA Section 253.

/s/ Donald W. Groves

Chief Bank Examiner

Gardiner, Maine

July 2, 2002


Last Updated: November 8, 2018