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Banking & Finance

Camden National to buy Bank of Maine

Dylan Martin |

The parent company of Camden National Bank has reached an agreement to buy the Bank of Maine in a deal that could make it the state's largest Maine-based bank.

Navigating fed funding takes startup moxie

Lori Valigra |

A $2.6 billion jackpot for early stage R&D funding from 11 federal agencies plus their related institutes seems too good to pass up, but applying for the money isn’t for...

Largest Maine-based banks

RankBank, locationAssets/Maine...

Maine Angels puts $2M in 26 deals, sees 2nd exit

Lori Valigra |

Maine Angels ended 2014 with more than $2 million invested in 26 deals, including money put into nine new companies.There also were...

Gelato Fiasco, CashStar attract new investment

Lori Valigra |

Gelato and sorbetto company Gelato Fiasco Inc. of Brunswick has sold $782,660 of an indefinite debt offering, according to a document filed with the U.S. Securities and...

Investor seeks 'other users' for shuttered GNP mill

The California investor that bought the shuttered Great Northern paper mill in East Millinocket for $5.4 million no longer is marketing the facility to newsprint manufacturers and is...

Fitness center in Brewer to liquidate assets

A Snap Fitness franchise in Brewer has filed for Chapter 7 bankruptcy more than a year after it was listed for sale.The...

Old bank, new times: Bangor Savings strategy calls for southern expansion and new technology

Lori Valigra |

As the newest captain at the helm of a 163-year-old ship, Bangor Savings Bank President Bob Montgomery-Rice sees the future in expanding branches in southern Maine and adding more...

Tilson Technology raises $600K from Buffalo firm

Tilson Technology Management Inc., a Portland-based telecommunications services provider, has raised $600,000 in venture capital as part of a $2.2 million equity capital...

Union dairy farm files for bankruptcy

Harris Hills Organic Dairy in Union has filed for Chapter 7 bankruptcy, nearly a year after it took in cows that were rescued from a fire at a farm in Turner.