Luke Livingston founded Baxter Brewing at the age of 24

ON THE COVER

New entrepreneurs find ways to earn respect and find success despite their ages

April 2, 2012 06:00 am

Back in 2004, John and Brendan Ready had a decision to make: pay rent for an apartment, or make a $3,000 monthly lease payment for warehouse space on the Portland waterfront.

FEATURES

Stuart Gersen saw a significant increase in sales at Longfellow Books in Portland on the day the business became the target of Maine’s first cash mob

The target of Maine’s first cash mob weighs in

Bob Mentzinger | April 2, 2012 06:00 am

The Internet sensation known as the "flash mob" has grown up into a "cash mob" and the proprietors of Longfellow Books in Portland couldn't be happier.

Source: Kaiser Family Foundation and U.S. Bureau of Economic Analysis

Health care remains top concern

Matt Dodge | April 2, 2012 06:00 am

An annual report from the Maine Economic Growth Council once again lists health care costs as one of the most problematic issues facing Maine businesses.

Tracy Gayton sits in the main plaza of Oaxaca, Mexico, a city that served as the inspiration for his proposed Piscataquis Village project, a walkable community with public plazas

A novel development concept gathers steam in Piscataquis County

Christian MilNeil | April 2, 2012 06:00 am

Tracy Gayton came to Maine, appropriately enough, on foot, as a 25-year-old through-hiker on the Appalachian Trail. When his hike was over, he embraced the "back to the land"...

Focus on Banking & Finance

Bureau of Financial Institutions report reflects a rise in delinquent first mortgages

April 2, 2012 06:00 am

Foreclosures haven't hit Maine as hard as other places around the nation, but the state has still seen some activity over the last few...

Why lending services for women in business are important

ROBERTA WINCHELL Partner and attorney, Cardone & Winchell, Bangor | April 2, 2012 06:00 am

The shape of the financial world is changing — a reality that has become all too apparent through the shifting markets and ongoing...

Marketing and big-bank backlash swell credit union ranks

Matt Dodge | April 2, 2012 06:00 am

Maine's credit unions have seen a 3.4% rise in membership over the last four years, with assets up by 19.5%, reflecting a national trend...

Camden National's Horizons program sets a path toward the executive suite

April 2, 2012 08:51 am

Jared Merritt recalls standing on a platform, 20 feet above ground, staring down at a horizontal telephone pole that he was supposed to...

Columns

Taking a gamble

BY Mal Leary

Offers incremental steps

Don’t stop at the top. Here are three steps for building continuity in your business.

BY Susan deGrandpre

"Does anyone here think succession planning is not necessary?" I asked a room full of business leaders. No hands. Good,...

Lists

Maine's highest-paid public company executives

Ranked by total annual compensation, 2012

Rank	Executive, location	Total annual compensation (1)/Organization's revenue (in millions)
1	Jonathan Ayers, president/CEO Idexx Laboratories Inc., Westbrook	$3,824,198/$1,293.3
2	Michael Dubyak, president/CEO WEX Inc.(2), South Portland	$1,945,545/$623.2
3	Jay Mazelsky, executive vice president Idexx Laboratories Inc, Westbrook	$1,333,386/$1,293.3
4	Michael Williams, executive vice president Idexx Laboratories Inc., Westbrook	$1,134,498/$1,293.3

(1) Total annual compensation includes salary, bonus and other annual compensation, but not long-term compensation. (2) Formerly Wright Express Corp. On May 1, 2013, Melissa Smith assumed the position of president as part of a leadership succession plan that will culminate in her taking on the additional role of CEO of WEX Inc. on Jan. 1, 2014. Michael Dubyak will remain chairman and CEO of WEX Inc. during the transition period, and will assume the newly created role of executive chairman of the board on Jan. 1, 2014.

Source: U.S. Securities & Exchange Commission company Proxy Statements (14A); each company's financial statements./Compiled by Roger Magnus.

Maine's largest commercial property sales

Ranked by sale price, 2012

Rank	Property, location	Sale Price/Square footage
1	56 Milliken St., Portland	$6,457,000/200,625
2	125 Industrial Way, Portland	$5,800,000/100,000
3	1 Wallace Ave., South Portland	$5,500,000/100,000
4	638 Congress St., Portland	$4,509,000/133,424

Source: Each commercial real estate firm, press releases and municipal assessors' records./Compiled by Roger Magnus.

Largest Finance Authority of Maine loans

Ranked by FAME exposure amount, 2012

Rank	Company, location	FAME exposure (1)/Loan amount
1	Twin Rivers Paper Co. Inc., Madawaska	$4,750,000/$5,277,778
2	Biddeford Internet Corp. (2), Biddeford	$3,875,000/$4,750,000
3	Granite Coast Properties LLC (3), Portsmouth, NH	$2,512,500/$3,350,000
4	N.C Hunt Inc./Pine View Property LLC (2), Jefferson/Newcastle	$2,054,500/$2,845,000

(1) Amount of loan guaranteed by FAME. (2) Multiple loans in total to borrower.
(3) Parent company of Planet Fitness. Maine locations in Augusta, Portland and Westbrook.
SOURCE Finance Authority of Maine/Compiled by Roger Magnus

Largest Maine-based banks

Ranked by total assets as of Dec. 31, 2012 (all dollar figures in thousands)

Rank	Company, location	Assets/Maine Offices
1	Bangor Savings Bank, Bangor	$2,871,725/59
2	Camden National Bank, Camden	$2,525,375/53
3	The First, Damariscotta	$1,380,841/16
4	Bar Harbor Bank & Trust, Bar Harbor	$1,305,930/15

Source: Federal Deposit Insurance Co./Compiled by Roger Magnus

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Maine's highest-paid public company executives

Maine's largest commercial property sales

Largest Finance Authority of Maine loans

Largest Maine-based banks

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