American Marine hires New York firm to recover losses

American Marine Bank has hired a New York investment bank to help it recover the $20 million the Bainbridge-based bank lost in the first half of 2009.

Acting bank president Renzo Lucioni admitted that raising money during a recession will be difficult and expensive.

“I don’t think necessarily (that it) is going to be an easy thing,” he told Sun business reporter Rachel Pritchett.

Read Pritchett’s full story here.