Peoples Heritage Financial Group lost $44.7 million in the quarter ending Septem

Source

Portland Press Herald

Date

4-17-1994

Pages

1F, 3F

Abstract

Peoples Heritage Financial Group lost $44.7 million in the quarter ending September 30, 1990, nearly one-fifth of its capital. The bank, which has now been profitable for six quarters, has finally beaten the problems brought on by non-performing loans and the sinking real estate market of the late 1980s, but now faces the onslaught of larger regional banks and the community banks in Maine that are edging into its markets. Details, biographical data on William J. Ryan, the bank's chief executive.

Subjects

Banks and banking, TD Banknorth

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