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Banking & Finance

The week in review

The good: Portland-based Ocean Renewable Power Co. has completed a demonstration project testing...

Great Northern Paper files for Ch. 7 bankruptcy

Great Northern Paper Co., the company that had previously said it would reopen its East Millinocket mill this fall, has filed for Chapter 7 bankruptcy, with at least $50 million in...

Home Depot data breach in Maine worsens

The number of Maine credit cards stolen in a Home Depot data breach has nearly doubled since it was first reported, making it possibly the largest theft ever of consumer data in...

RadioShack’s future in Maine unclear

The future of RadioShack’s 35 stores in Maine is up in the air after the company announced this week that it may file for bankruptcy.

Expert: Banks suffer the most from data breaches

In light of a recent data breach at Home Depot, the president of the Maine Credit Union League said financial institutions will pay the biggest price, far more than consumers ever...

Mergers and regulations: Two decades of change in banking


One thing Bill Ryan learned during his long career in banking is that there is opportunity in every situation — even a major banking crisis.

LOOKBACK: Celebrating Mainebiz's 20th anniversary

Lori Valigra |

Moving forward in our LOOKBACK series run-up to Mainebiz’s 20th anniversary edition on Sept. 8, at...

Penobscot Nation seeks input on water quality standards

The Penobscot Nation is hosting a public hearing tonight on new water quality standards for tribal waters the tribe has proposed to the federal Environmental Protection Agency. It's the...

FairPoint suffers $22.7 million Q2 net loss

FairPoint Communications Inc., a major telecommunications provider and employer in Maine, posted a $22.7 million net loss for the second quarter, compared with a $43.1 million loss for...