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Banking & Finance

Fitness center in Brewer to liquidate assets

A Snap Fitness franchise in Brewer has filed for Chapter 7 bankruptcy more than a year after it was listed for sale.The...

Old bank, new times: Bangor Savings strategy calls for southern expansion and new technology

Lori Valigra |

As the newest captain at the helm of a 163-year-old ship, Bangor Savings Bank President Bob Montgomery-Rice sees the future in expanding branches in southern Maine and adding more...

Tilson Technology raises $600K from Buffalo firm

Tilson Technology Management Inc., a Portland-based telecommunications services provider, has raised $600,000 in venture capital as part of a $2.2 million equity capital...

Union dairy farm files for bankruptcy

Harris Hills Organic Dairy in Union has filed for Chapter 7 bankruptcy, nearly a year after it took in cows that were rescued from a fire at a farm in Turner.

Radio Shack closing 13 Maine stores

Radio Shack is set to close 13 Maine stores after filing for Chapter 11 bankruptcy last week.The stores in Portland, Bangor,...

Two Maine banks to form partnership

Mechanics Savings Bank and Biddeford Savings Bank are forming a holding company that would own both banks and increase their loan capacity, among other things.

Wiscasset aerospace contractor looks to raise $4.5M

Lori Valigra |

Four Maine companies raised money recently through equity, debt or pooled investment fund interest offerings.

Camden National program to help the homeless

Camden National Bank said Thursday it is launching a program to provide funding for the homeless.Hope@Home, as the program is...

Saco & Biddeford Savings names new president

Saco & Biddeford Savings Institution has named its next president, more than two years before CEO Kevin Savage is set to retire.

Maine venture capital deals rise in number, fall in value

Lori Valigra |

More Maine companies found venture capital investments in 2014 over the prior year, but the total value of the deals was about 68% less for the year, and fourth quarter numbers were...