Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Kennebec bank conversion vote concludes
AUGUSTA, Maine (9/23/09)--The vote on a proposed merger between Kennebec Valley (KV) FCU and Kennebec Savings Bank in Augusta, Maine, has concluded, but official results have not been released. Last year, KV FCU proposed converting to a bank and then merging with Kennebec Savings Bank. The proposal was approved by KV FCU's board last fall (News Now Aug. 11). The results of Monday’s vote will be known within 10 days, Beverly Beaucage, KV FCU president/CEO told the Morning Sentinel (Sept. 22). Julie Brawn, leader of KV Members Voting Yes for the Merger, told the Sentinel Tuesday that nobody could tell how members voted. Lucille Cloutier, a leader of the group KV Members Matter, which opposes the conversion, agreed. “A lot of people have been very passionate about this,” she told the paper. If the merger is approved, it would be the first combination of its kind in Maine. Only 20 similar combinations have taken place nationally, the Sentinel said, citing research from CU Financial Services.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
11 minutes ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
47 minutes ago
SunCorp and @AlloyaCorp have announced their intent to merge.
3 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
3 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
5 hours ago