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.
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.
Atlas Structural Systems, which has 11 production facilities in New Brunswick and Nova Scotia, Canada, has opened its first facility in the states, and began production in April.
The nonprofit financing syndicator recently closed its second-larges investment fund for affordable housing in Maine, New Hampshire and Vermont. The latest round will help create 494 homes.