The Collections Committee meets regularly to bring members up to date on regulations and practices related to collections, bankruptcy, and foreclosure. Meetings offer guest speakers and round table discussions on a variety of hot topics. Committee members are sometimes called on to testify before the Maine Legislature.
The 2023-2024 Committee Members are as follows:
| Chair: Matt Palmer | Gorham Savings Bank |
| Kregg Jarvais | Androscoggin Bank |
| Bruce J. Miller | Androscoggin Bank |
| Jennifer Dugan | Bangor Savings Bank |
| Michael Hahn | Bangor Savings Bank |
| Elizabeth Smith | Bar Harbor Bank & Trust |
| David Aurigemma | Bath Savings Institution |
| Al Butler | Camden National Bank |
| Ben Chubbuck | Camden National Bank |
| Catherine Morton | Camden National Bank |
| Sara Harvey | First Federal Savings & Loan of Bath |
| Kimberly Flaherty | First National Bank |
| Sarah Grant | First National Bank |
| Sarah Baker | Franklin Savings Bank |
| Lorna Niedner | Franklin Savings Bank |
| Pamela Ward | Katahdin Trust Company |
| Craig Garofalo | Kennebec Savings Bank |
| Lydia Tuttle | Kennebec Savings Bank |
| Lucinda Pyne | Kennebunk Savings |
| Mike Ross | M&T Bank |
| Nate Martell | Machias Savings Bank |
| Wendy Schors | Machias Savings Bank |
| Jaclyn Gagne | Maine Community Bank |
| Gerald Therrien | Maine Community Bank |
| Erica Bean | Northeast Bank |
| Shawn Baldwin | Norway Savings Bank |
| Louis Paquet | Norway Savings Bank |
| Tina Bailey | Partners Bank |
| Cathy Feener | Rockland Savings Bank, FSB |
| David Goyet | Saco & Biddeford Savings Institution |
| Bill Kany | Saco & Biddeford Savings Institution |
| Jena Walton | Saco & Biddeford Savings Institution |
| Vicki Alward | Skowhegan Savings Bank |
| Margaret May Lambert | Skowhegan Savings Bank |
| Paula Nelson | Skowhegan Savings Bank |