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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]
Bangor Savings Bank is a state-chartered bank in Maine and New Hampshire, United States. The company, which is headquartered in downtown Bangor, was founded in 1852 and has 69 branches across the two states. [1] As of December 2023, the bank was the largest Maine-based bank with roughly $7.3 billion in assets. [2]
Southbridge Mall during its tax sale was purchased by Kohan for $1.5 million in September 2016. [3] Also in September 2016, Kohan purchased Berkshire Mall for $3.5 million. [21] [22] Richmond Town Square was purchased for $7.25 million in November 2016. [23] Kohan purchased six malls in 2018 for $46 million. [24]
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Also like Bangor, Wales, Bangor, Pennsylvania has piles of slate residue and shale reminiscent of the area. [6] The population of Bangor was 2,509 in 1890; 4,106 in 1900; 5,369 in 1910; 5,687 in 1940; and 5,187 at the 2020 census. The Bridge in Bangor Borough and Real Estate Building are listed on the National Register of Historic Places. [7]
The most notable examples of such DOJ and HUD settlements have focused heavily on community banks in large metropolitan areas, but banks in other regions have been the subject of such orders as well, including First United Security Bank in Thomasville, Alabama, and Community State Bank in Saginaw, Michigan.
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