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Banking & Finance

SBA lending in Maine increases 16% in total lending volume


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


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


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


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


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


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.