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Banking & Finance

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.

Venture capital deals not as soft as believed; Maine sees 5 deals in Q2

Lori Valigra |

Counter the well-reported lull in venture capital deals recently, venture capitalists invested $15.3 billion in 961 deals in the second quarter of 2016, up 20% in dollars from the first quarter and...

York County FCU uncovers ATM skimming device

Staff |

Officials at York County Federal Credit Union say that a small portion of cards were compromised following the May 21 discovery of an electronic skimming device on an ATM located at 870 Main St. in...

Venture-backed biotech companies race to public markets

Lori Valigra |

Biotechnology companies backed by venture capitalists continued to outpace the technology sector in both initial public offerings and mergers and acquisitions in the second quarter of this year.

WEX completes acquisition of Electronic Funds Source

Staff |

WEX Inc. (NYSE:WEX), a South Portland-based corporate payments company, announced Friday that it has completed its acquisition of Electronic Funds Source LLC, a fleet card provider, for $1.1 billion...

Verso bankruptcy reorganization gets the go ahead

Staff |

A judge at the U.S. Bankruptcy Court in the District of Delaware has confirmed the Chapter 11 bankruptcy reorganization plan of Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill.

Credit cards: Are they what they used to be?

Lori Valigra |

Flashing a platinum or gold credit card used to be a status symbol, but a recent Money Pulse survey by found the times are changing, especially among younger generations.