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Banking & Finance

SBA lending in Maine increases 16% in total lending volume

STAFF |

The U.S. Small Business Administration reported that in Maine during fiscal year 2017, the SBA approved 303 7(a) loans totaling $68.53 million, an increase of 3% over fiscal year 2016. The SBA's...

'Alexa, check my account balance' now possible with Town & Country FCU

Renee Cordes |

“Alexa, check my account balance at Town & Country Federal Credit Union" is now possible at the Scarborough-based credit union.

Maine credit union assets up 4.2% in the first half to $7.6B

STAFF |

Maine credit union assets, membership and deposits all recorded growth in the first half of the year, according to the latest mid-year report covering the six-month period through June 30.

Blue Heron likes what it sees in STARC Systems

mainebiz staff |

STARC Systems, a Brunswick company that makes sound-deadening construction barriers for hospital work environments, secured $3.5 million in investment.

Maine credit unions make significant donation to fight childhood hunger

STAFF |

Maine Credit Unions' Campaign for Ending Hunger presented a check for $33,000, a portion of the record-setting $675,000 Maine's credit unions raised for ending hunger in 2016, to support the Good...

Blue Heron Capital investing $3.5M in Brunswick company

STAFF |

Blue Heron Capital, a growth equity fund based in Richmond, Va., that provides growth and expansion capital, led a $3.5 million investment round in STARC Systems, a company based at TechPlace in...

Maine's startup community is seeing a surge in activity

MAINEBIZ STAFF |

Don Gooding, who resigned 18 months ago as CEO of the Maine Center for Entrepreneurial Development, has launched a new venture.

Default looms for owner of Bangor Mall

The primary owner of the Bangor Mall, Simon Property Group of Indianapolis, is at risk of defaulting on an $80 million loan that dates to 2007.

CashStar purchase highlights interest of out-of-state M&A buyers in Maine companies

Mainebiz Staff |

Maine-based companies are luring out-of-state M&A buyers with a hearty appetite that shows no signs of slowing.

Regulators OK merger of Acadia and EMMC credit unions

STAFF |

EMMC Federal Credit Union of Brewer and Acadia Federal Credit Union of Fort Kent can proceed with their merger plans after getting the green light from regulators.

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