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Banking & Finance

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.

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...