Maine's jobless rate drops to lowest point since 2001

Staff |

In its newest report, the Maine Department of Labor said that the jobless rate in the state is at its lowest level since February 2001, as it dropped to 3.4% in March, compared to the 4.6% reported...

Small Business

27 Maine small business nab $690K in grant funding

Staff |

On Thursday, the Maine Department of Economic and Community Development announced that seven communities across the state have been awarded $690,300 in funding under the Community Development Block...


Jobs reportedly cut as Putney deal closes

Early Thursday morning, the $200 million acquisition of the Portland-based veterinary product company Putney Inc. officially came to a close and with it came the news that the company's new owner,...

Real Estate & Construction

Smooth sailing for proposed Dollar General in Eddington

A little over two months after the town of Thomaston turned down a proposed Dollar General store on the town’s Main Street, the discount retailer received a preliminary green light for...


Legislation looks to lift regulations on Cuba-bound flights

Staff |

On Wednesday, Maine's U.S. Reps. Bruce Poliquin and Chellie Pingree introduced legislation in Washington that would update regulations that have restricted European charter flights bound for Cuba...

Real Estate & Construction

Hancock Lumber unveils Kennebunk store

Staff |

After eight months of site work, building demolition and construction, the Casco-based Hancock Lumber has officially opened the doors on a new 30,000-square-foot facility in Kennebunk.

Forest products

Restart efforts for Lincoln mill come to a close

John McMahon, the former sales director of Lincoln Paper and Tissue and representative of a group of former mill workers with hopes of restarting production the Lincoln mill, said that the...

Retail & Food service

Early morning fire destroys downtown Freeport restaurant

Early Wednesday morning, firefighters from the communities of Freeport, Brunswick, Topsham, Pownal and Yarmouth battled a blaze that destroyed the 30-year-old downtown Freeport eatery, the Corsican...


WEX first quarter financials beat analysts’ expectations

James McCarthy |

WEX Inc. (NYSE:WEX) reported today its total revenue for the first quarter ended March 31 increased 2% to $205.9 million, compared with $202.3 million reported in the first quarter of 2015. First...

Energy & Utilities

ORPC wins national hydropower award for river-power generator technology

Staff |

The National Hydropower Association has awarded Ocean Renewable Power Co. the 2016 Outstanding Stewards of America's Waters Award in the category of Operational Excellence for its RivGen Power System...

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How To: Work with your commercial lender to grow your business

David M. Eldridge |

Spring brings growth and new activity. In the commercial lending world, it's also when small- and mid-size businesses get serious about launching, growing or expanding. We celebrate...

How To: See value in negative role models

Rob Levine |

My first manager spoiled me. He looked out for me, pushed me to succeed and left me alone. He made it a point to constructively correct bad behavior, and was always there with public...

How To: Protect a small business from computer disaster

Nick Knowlton |

How To: Avoid the 5 temptations of success

Doug Packard |

How To: Sublet your way around a commercial real estate shortage

Justin Lamontagne |
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The foibles of new technology

Lori Valigra |

The first time I observed just how frustrating new technology can be to consumers unfamiliar with it was in the lobby of a bank in Coolidge Corner in Brookline, Mass.

Hospitality no small industry in Maine

Back when I was a mere vacationer in Maine, spending a week or two at a time in Castine, my wife and I were always surprised to meet so many people who both lived in Maine and vacationed...

Navigate new EMV chip-card standards

Patty Sanville |
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Largest Maine-based Banks

Ranked by total assets as of Dec. 31, 2015 (all dollar figures in thousands)

1Camden National Bank*$3,681,225
2Bangor Savings Bank$3,304,123

*Acquired Bank of Maine, which ranked 12 on our list last year, in October 2015.

Source: Federal Deposit Insurance Corp.

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