Mainebiz

April 1, 2024

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V O L . X X X N O. V I I A P R I L 1 , 2 0 2 4 4 A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen MANAGING EDITOR / DIGITAL OPERATIONS William Hall SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster, Malcolm HOSPITALITY EMERITUS Zoey SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen C O N T E N T S Riding out the storm Amid economic uncertainty and growing impatience with the Fed, Maine banks keep calm and carry on 14 20 Branching out In an age of banking apps, institutions grapple with their physical footprint B A N K I N G / F I N A N C E / I N S U R A N C E F O C U S I N D U S T R Y T H U M B N A I L O N PA G E 1 3 ยป TO SAvE LIVEs I W A L K HEART WALK HEART WALK 2024 MAINE Sunday, May 19th Back Cove Trail, Portland HEART WALK CHAIR Charlie Therrien President, Northern Light Mercy Hospital To start or join a team: MaineHeartWalk.org P R 0 V I D E D P H O T O P H O T O / T I M G R E E N WAY Simon Griffiths, president and CEO of Camden National Bank, says the bank's level of maturing commercial real estate loans is generally consistent from year to year. Neil Kiely, president and CEO of Androscoggin Bank, says two new offices and a consolidation help allocate people and resources while meeting the needs of clients and employees. 20 14

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