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Banking & Finance

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...

Police, FBI investigating Bank of Maine teller

A teller at Bank of Maine’s Brunswick location is under investigation by local and federal officials for allegedly siphoning nearly $100,000 from a customer’s business account.

Agency gives $40K to 5 Maine credit unions

The National Credit Union Administration, an independent federal agency, is giving nearly $40,000 to five credit unions across Maine as part of a competitive grant process.

Camden National homeless donations reach $20K

Camden National Bank has donated $20,000 to over 30 Maine homeless shelters after launching its Hope@Home program earlier this year.

At Bangor Savings Bank, accelerated leadership program attracts talent

Laurie Schreiber |

In May, Amber Allen graduated from the Husson University College of Business, having earned her Bachelor of Science degree in management, in conjunction with an MBA, during a special...

CashStar nabs $15M for expansion

Prepaid card company CashStar of Portland said Wednesday it had closed a $15 million Series D round of venture capital led by FTV Capital.

MMA trustee seeks to abandon Hermon rail tie yard

The trustee for bankrupt Montreal, Maine and Atlantic Railway has filed a motion seeking court approval to abandon a 5.5-acre rail yard at Northern Maine Junction in Hermon containing ties treated...

CMS terminates Medicare, Medicaid payments for Parkview hospital

The federal government has filed documents with the U.S. Bankruptcy Court in Portland stating the Parkview Adventist Medical Center in Brunswick is no longer eligible to receive Medicare and Medicaid...

Camden National gets green light to buy Bank of Maine in $135M deal

Dylan Martin |

The parent company of Camden National Bank said Monday it has received shareholder and regulatory approvals to buy The Bank of Maine in a deal valued at roughly $135 million.