Bank of America here to stay Baldacci says
BY DAVE PISZCZ
AUGUSTA - Baldacci said Bank of America's decision to maintain operations in state reflects the quality of Maine's workforce/communities.
"This was a business decision on their part," Baldacci said.... "When they were doing their analysis, we were...providing the figures on the costs of doing business in Maine."
The governor said the state's low franchise taxes and the presence of fiber optic cables were among the strictly business reasons for the bank's decision to stay in Maine.
Belfast spared in Bank of America closings
BY JOURNAL STAFF
BELFAST/AUGUSTA - [BOA] announced...the...center in Belfast is staying open. Mayor Michael Hurley said that is a "permanent decision."
Jack Cashman [DECD] said no tax incentives were requested by [BOA] or offered by the state.
Hurley said [BOA's] acquisition of...Fleet Bank was "critical" to the survival of the jobs in Belfast.
U.S. Sen. Collins: "...MBNA had run into severe problems with capitalization. This new relationship with [BOA] will bring some stability and certainty....