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Banking & Finance

Lewiston bank plans to spin off trust dept.

Lewiston-based Androscoggin Bank is seeking permission from state and federal regulators to spin off its trust department into a separate company.

Leveraging loans: SBA's 504 program helps small businesses grow, while preserving cash flow

James McCarthy |

Field Rider, president of Pine Tree State CDC, a Portland-based nonprofit certified by the U.S. Small Business Administration to provide financing under its 504 loan program, knows how...

Here are the four branches Camden National plans to close after buying the Bank of Maine

Dylan Martin |

Camden National Bank is planning to close four branches in central and southern Maine as part of its parent company’s plan to buy The Bank of Maine for $135 million.

Ex-Maine Aquarium owner sues Portland lawyer

The former owner of Maine Aquarium in Biddeford is suing a Portland lawyer, claiming that he purposefully damaged the owner’s plan to reopen the aquarium in Saco.

Wells Fargo eyes Maine for potential expansion

Dylan Martin |

Wells Fargo & Co. said it is planning to expand its commercial banking operation in New England, and that may include opening an office in Maine.

Maine's largest Export-Import Bank deals

RankExporter, locationTotal insured shipments, guaranteed creditor...

Maine's largest credit unions

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In targeting fraud, banks plan greater use of microchip cards that are costly but more effective

Lori Valigra |

A large data breach in December 2013 shook banks and retailers out of their sense of complacency that fraud couldn't happen in their business. In mid-December of that year, Target Corp.

Entrepreneurs find new ways to leverage federal funding

Lori Valigra |

Federal science funding can be a boon to Maine companies, but some of its requirements can limit entrepreneurial activity.

Camden National to buy Bank of Maine

Dylan Martin |

The parent company of Camden National Bank has reached an agreement to buy the Bank of Maine in a deal that could make it the state's largest Maine-based bank.

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