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Land Resources / News / Maine
$16M value for only $5M
Source: Kennebec Journal, by Betty Adams
Ownership of land and buildings belonging to Associated Grocers of Maine went to the bank that holds a $4.8 million mortgage on the property. August 09, 2011 Stephen J. Matteo, senior vice president and corporate credit administrator at Camden National Corporation, parent company of Camden National Bank, submitted the successful $5 million bid Monday at public auction.
Read the complete article from Kennebec Journal » |
