Thursday, September 23, 2010

Good News for Maine Banks

Maine's “nonperforming” loans (loans with significantly late payments) are running 82% lower than the national average. While Maine banks earn less than the national average (we give more back to customers J), only 3.5% of banks in Maine are unprofitable while 20.3% of U.S. banks are in the red. That says a lot for bank management in Maine as well. Read the story.

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