Merrill Merchants Bank

Last updated
Merrill Merchants Bank
Company type Public company
Holding company Nasdaq:  MERB
Industry Financial services
Founded1992 (1992)
Defunct2008 (2008)
FateAcquired
Successor People's United Financial
Headquarters,
Area served
Maine
Key people
William C. Bullock Jr (founder and president)
Products Banking services, savings, checking, consumer loans, mortgages, and credit cards
Website www.merrillmerchants.com [ dead link ]

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]

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References

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