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Banking & Finance

Bangor Savings Bank announces $10 million Portland expansion

Bangor Savings Bank announced in a press release Tuesday morning that it would be revealing plans for a $10 million expansion Thursday.

Portland sustainability startup wins $100,000 investment in pitch competition

Rapport, a Portland startup that develops software for businesses to track sustainability metrics, won a $100,000 investment from AOL founder Steve Case's investment company during a pitch...

Maine Angels’ investment activity ranks third in New England

The Maine Angels was the third most active angel investment group in New England between 2010 and the second quarter of 2015, according to a recent national report on angel investment activity, the...

Bangor organization that provides loans to underserved populations awarded SBA grant

The U.S. Small Business Administration awarded $73,000 in grant funding to a Bangor community finance institution that provides credit and services to low-income Mainers, U.S. Sens. Susan Collins and...

NYSE suspends trading in Verso stock

The New York Stock Exchange suspended trading in Verso Paper Corp.'s stock after the share price dropped to 15 cents, the company announced Monday.

New York investment firms buys majority stake in Apothecary by Design

BelHealth Investment Partners, a New York firm, has bought a majority stake in Portland's Apothecary by Design, the Portland Press Herald reported Monday.

Second act: A former chamber CEO “retires” but keeps on working

Laurie Schreiber |

On June 3, Chip Morrison retired after 20 years as president and CEO of the Androscoggin County Chamber of Commerce.

Building a benefits practice: Wakelin, Hallock and O'Donovan join Eaton Peabody's Portland office

James McCarthy |

The Portland law firm of Wakelin, Hallock and O'Donovan has joined with Eaton Peabody, creating what both firms say will be the second largest employee benefits and executive compensation...

KeyCorp CEO Beth Mooney talks about KeyBank's growth in Maine

Lori Valigra |

Beth E. Mooney, chairman and CEO of KeyCorp (NYSE: KEY), the parent of KeyBank, recently visited Portland for a "town hall" meeting with local employees, as...

Judge OKs Mid Coast purchase of Parkview hospital

A U.S. Bankruptcy Court judge in Portland approved a plan that will allow Mid Coast Health Services to purchase the assets of Parkview Adventist Medical Center in Brunswick for approximately $7.87...