Bank of Maine Files Lawsuit

Updated 7 months ago

The Bank of Maine has filed a lawsuit against former executives of Associated Grocers of Maine.The bank is seeking to get back $2.5 million dollars in losses.The lawsuit says the bank loaned millions to the cooperative, which in turn gave the bank a security interest in assets of Associated Grocers of Maine, including its accounts receivable.The Associated Grocers of Maine closed in April 2011 in deep debt.


MENU