"Focus on Banking & Finance" piece on with an interview with Arthur Markos, pres

Authors

Carol Coultas

Source

Mainebiz

Date

11-14-2009

Pages

26-28

Abstract

"Focus on Banking & Finance" piece on with an interview with Arthur Markos, president and CEO of Savings Bank of Maine in Gardiner. The bank received a cease-and-desist order from the federal Office of Thrift Supervision, which laid out the shortcomings of the bank and directives to improve internal operations. The main area of difficulty was troubled assets, most of which were business loans. Details.

Subjects

Banks and banking, Savings Bank of Maine Gardiner

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