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Banking & Finance

WEX beats analysts' projections, but stock drops

James McCarthy |

WEX Inc. reported today financial results for the three months ended Dec. 31, 2015, with total revenue for the fourth quarter increasing slightly year-over-year at $212.6 million compared with $211.9...

Camden National Corp. posts 16% rise in FY 2015 earnings

Camden National Corp., a $3.7 billion bank holding company headquartered in Camden, reported today it achieved a 16% increase in core operating earnings for the year ended Dec. 31, 2015, to $28.2...

Optimistic economic outlook heralds name change for Maine bank

A 150-year-old Maine banking institution has announced both a new name and the launch of a new “Dream Big” vision that it hopes will bring the institution forward during a period when...

Report finds majority of Americans without savings

A recent study finds that fewer Americans have a significant amount of savings, a problem for those that are faced with unexpected expenses such as medical emergencies as well as car and home repair.

Investment in Maine companies rises sharply

Lori Valigra |

The amount of money raised by Maine companies rose almost fivefold from 2014 to 2015, though the number of total deals remained the same, indicating a rise in the average amount raised per deal.

Camden National sponsoring Top Gun

Camden National bank has committed $10,000 a year for three years to support the Maine Center for Entrepreneurial Development's Top Gun and Maine Mentor Network programs, making the bank the largest...

Looks like a better year, but chronic weaknesses need to be addressed

Peter Van Allen |

Every year, Mainebiz asks some of the state's leading economists to look to the coming year and offer their thoughts, worries and forecasts. We may be out of the recession, but there is plenty of...

Fund raising rings in the new year

Lori Valigra |

Redfern Longfellow LLC kept the momentum of last year's high fund-raises going by pulling in all of a $4.3 million equity offering, the first of 2016.

State program uses bank tellers to target financial abuse of Maine seniors

The state-sponsored program, Senior$afe, which trains bank and credit union tellers to look for signs of financial abuse of seniors, has led to the reporting of 30 suspected cases so far.

WEX subsidiary fined $1.75 million for part in deceiving students with financial aid program

A subsidiary of South Portland-based WEX Inc. has been fined $1.75 million by financial regulators and ordered to pay restitution to customers for its role in deceiving college students about...