The decision to close the branch at 144 Pine St. reflects several factors, including safety concerns surrounding the location and changing member preferences, the credit union said.
The property had fallen into significant disrepair. The renovation cost was over $3 million, including $500,000 invested in safety and infrastructure improvements in coordination with the city.
Developed by Avesta Housing for owner Lewiston Housing, this 82-unit, mixed-income project transforms vacant lots and distressed housing into thoughtfully designed homes.
The merger comes at a critical inflection point for behavioral health, as smaller organizations face rising operational complexities and funding uncertainties.
The result will be a single mutual holding company, to be called ClearNorth Financial Mutual Holding Co. The banks themselves will continue to operate under their own names, brands, charters and boards of directors.Â
The local investment group performed a substantial build-out to attract Brock Corp., with with 15,000 employees worldwide, to Maine and specifically to the property.