State Senate Confirms Two Important Nominations

The Maine Senate has confirmed the nomination of Superintendent of the Bureau of Financial Institutions Lloyd P. LaFountain III to another five-year term. LaFountain has directed the Bureau since May 2005.

“The League is pleased the Senate has re-confirmed Superintendent LaFountain,” said Todd Mason, League President/CEO. “He is a strong advocate for Maine’s financial institutions. His leadership at the Bureau, especially throughout this pandemic, has been greatly appreciated by everyone in our industry. I am glad we will have the opportunity to continue to work with Lloyd and his team.”

The Senate also confirmed University CU President and CEO Renee Ouellette to the Finance Authority of Maine (FAME) Board of Directors. Ouellette will serve a four-year term on the board.

“Renee is an excellent choice for FAME’s Board,” said Elise Baldacci, League Senior Vice President of Policy. “We know she will use her experience to help our state not only administer its current programs, but also to look for creative opportunities to help Maine businesses, Maine families, and Maine students. The League extends our congratulations to her and we look forward to working with her in this new capacity.”