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Banking & Finance

State officials warn consumers of fraudulent text-messaging scam

Staff |

Officials at Maine’s Bureau of Financial Institutions at the Department of Professional and Financial Regulation are warning residents of a scam involving text messages that appear to come from...

In wake of Xerox layoffs, Lewiston TD Bank to cut 35 jobs

Approximately 35 back office workers at the TD Bank operations center in Lewiston will be laid off over the coming months.

Donors stepping in to help YCCC expansion

Peter Van Allen |

Saco & Biddeford Savings commits $100,000 to York County Community College capital campaign for expansion.

Wells Fargo adds Portland middle market banking office

Wells Fargo & Co.made Portland home to its newest Middle Market Banking office and is adding two experts in that field.

Spike in card skimming has Maine institutions on high alert

Lori Valigra |

While the rest of Maine celebrated a long weekend, Scott Chretien discovered thieves had installed a skimming device to read bank cards at the drive-through teller at the York County Federal Credit...

WEX tracking to become $1B company by year's end

James McCarthy |

WEX Inc. reported total revenue for the second quarter increased 9.5% to $233.9 million, which is $20.2 million more than the $213.7 million reported for the second quarter in 2015.

How To: Calculate the social return on investment to make better decisions

Rachel Bouvier |

Many projects fail to be accepted by the community or encounter unexpected roadblocks, even though they seem profitable on paper. Just because a project has a financial benefit doesn't mean that it...

Women: Want startup funding? Ask another woman

Lori Valigra |

Women entrepreneurs may have a better chance of getting financing and eventually having an exit for their startup if they are financed by venture capitalists with female partners, a Harvard Business...

Bangor Savings opens the doors of 54th location

A little over a month after marking the opening of a $5 million branch on Marginal Way in Portland on June 6, Bangor Savings Bank opened up another branch in Brunswick on Monday.

Jay mill owner, Verso, emerges from bankruptcy

Staff |

Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill, has emerged from Chapter 11 bankruptcy after significantly reducing its debt.