Leadership Still an Issue for Portland ; Running the City by Committee has Its Advantages, but Sometimes a Bold and Unified Vision Is Needed.

Summary

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When I arrived in Portland nearly 16 years ago, smack dab in the middle of a crisis in the banking industry, there was an angst here that I didn't understand.

I had most recently been a senior editor at a large business journal covering the corporate community in Connecticut and New York. I had written about the banking industry for several years before joining the staff here as a business reporter, so I was well- qualified - I thought - to write about the changes that were taking place in that industry here.

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Leadership Still an Issue for Portland ; Running the City by Committee has Its Advantages, but Sometimes a Bold and Unified Vision Is Needed.

This was the time when the old Maine Savings Bank and Maine National Bank were struggling, flirting with insolvency and drawing the scrutiny of federal regulators. Few if any banks in town were immune to the effects of speculative real estate loans gone bad in a market bust.

That part I understoo...

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