Regulatory Alerts2026-07-07
Added · Updated
Mascoma Mutual Financial Services Corporation to merge with Androscoggin Bancorp, MHC, and acquire control of Androscoggin Bancorp, Androscoggin Bank, and Portland Trust Company
The Maine Bureau of Financial Institutions has received an application from Mascoma Mutual Financial Services Corporation and Androscoggin Bancorp, MHC, seeking approval to merge and form ClearNorth Financial Mutual Holding Company, while also acquiring control of Androscoggin Bancorp Inc., Androscoggin Bank, and Portland Trust Company, LLC. This merger is subject to approval by the Maine Bureau of Financial Institutions, the New Hampshire Banking Department, and federal banking regulators. The Bureau will accept written comments and requests for a hearing on this application until Thursday, August 6, 2026.
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