Merrill Merchants Bank Explained

Merrill Merchants Bank
Type:Public company
Traded As:Holding company NASDAQ:
Industry:Financial services
Fate:Acquired
Successor:People's United Financial
Hq Location City:Bangor, Maine
Hq Location Country:United States
Area Served:Maine
Key People:William C. Bullock Jr (founder and president)
Products:Banking services, savings, checking, consumer loans, mortgages, and credit cards

Merrill Merchants Bank was an American bank based in Bangor, Maine. The bank operated from 1992 until 2008, when was acquired by People's United Bank.[1]

History

The bank was founded in 1992 as a Maine-based institution which sought "to return local control to Bangor banking." It was established by buying seven former Fleet Bank offices in the area and had 75 employees, 7 branches, and $74 million in assets.[2] William C. Bullock Jr. led the bank from its founding until his retirement in 2004.[1] Leonard Minsky served as the bank's founding director.[3]

In 2008, it was acquired by People's United Bank.[1]

Notes and References

  1. Web site: Burnham . Emily . Founder of Merrill Merchants Bank in Bangor dead at 86 . December 27, 2022 . Bangor Daily News .
  2. News: Cocheo . Steve . Started from "cuttings", Maine startup grows deep roots . American Bankers Association . October 2003.
  3. News: Burnham . Emily . Leonard Minsky, Bangor businessman and philanthropist, dies at age 94 . Bangor Daily News . 23 February 2022.