Bank To Postpone Dismantling Of Associated Grocers Of Maine

Camden National Bank claims order to halt operations happened without proper notice.

Augusta, ME: A bank that holds a $4.8 million mortgage on Associated Grocers of Maine, Gardiner, ME, is seeking a halt to the company's dismantling, at least for now.

Camden National Bank is asking a judge to vacate an order to close down the Gardiner-based grocery supplier and schedule an emergency hearing, according to the Kennebec Journal. The bank claims that the order happened too fast and without proper notice.

The grocery distribution cooperative has been supplying small independent grocers in Maine for nearly 60 years. Stores were told last week that a judge had forced Associated Grocers into receivership.

Meanwhile, deliveries of cigarettes and tobacco have already been stopped, and some of the company's 141 workers have been laid off, the paper reports.