M&AFinancial ServicesSIGNED
Maine Community Bank Partners with Cetera Financial Institutions to Support Growth of Its Wealth Management Program
Value
$120M
Acquirer
Maine Community Bank
Target
Cetera Financial Institutions
Maine Community Bank (MCB) has partnered with Cetera Financial Institutions to bolster its wealth management program. This partnership is expected to bring approximately $120 million in assets under administration (AUA) and is centered on growth and personalized service.
✦ Meridian Analysis
This partnership between Maine Community Bank and Cetera Financial Institutions is designed to enhance MCB's wealth management capabilities. The influx of $120 million in AUA signifies a substantial boost to the program, aiming to provide more comprehensive financial services to its clients.
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