Maine banking groups merge
After 100 years as separate organizations, the Maine Association of Community Banks and the Maine Bankers Association have merged.
Operating under the Maine Association of Community Banks name, the organization will focus on advocacy at the State House and Congress on banking issues, as well as deliver education, training and insurance programs to its members, according to a press release from the association.
Christopher Pinkham, current president of the Maine Association of Community Banks, will remain as president of the combined organization. Historically, the Maine Association of Community Banks has represented the interests of smaller, Maine-based banks while the Maine Bankers Association focused more on issues related to big banks.
The release noted the importance of “a single strong voice” within the banking industry and that “in today’s climate, community banking roots are an asset.”
The new organization represents state and federally chartered financial institutions throughout Maine that collectively employ more than 7,500 people.
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