Case Details

Year Initiated/Committed

1994

Year Resolved

1994

Settlement Amount

n/a

Court

U.S. District Court for the District of Maine

Docket Number

91-0380-P-H

Lead State

ME

Participating States

ME

Defendant(s)

Key Bank of Maine, Casco Northern Bank

Case Description

Complaint and Consent Decree under sec. 7 of the Clayton Act challenging Key Bank’s acquisition of 11 branches of a competing
bank (Casco Northern). Key Bank agreed to divest branches in 3 of the market areas and
maintain specific loan to deposit ratios in certain other affected market areas.