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Banking & Finance

Bangor Savings Bank opening branch in Portsmouth


Bangor Savings Bank will continue its southward expansion, saying Thursday it plans to open a branch in downtown Portsmouth, N.H.

Good Shepherd's Hampden plant renovation gets boost

The Auburn-based food bank partnered with the Maine Credit Unions Campaign for Ending hunger as it renovates the former Bangor Daily News distribution building to better bring food to northern and...

Maine credit union membership nears 700,000, lending up 7% in 2017


Lending at Maine's 56 credit unions grew by $355 million to $5.5 billion in 2017, an increase of nearly 7% over 2016, according to a year-end tally released by the Maine Credit Union League on...

Bangor Savings raises its minimum wage for the third time in two years


Bangor Savings Bank has raised the minimum rate it pays employees in all positions to $15 per hour, effective Feb. 25.

LePage and Grohman team up on $50M bond to lower student debt

James McCarthy |

Advocates at a public hearing on Thursday voiced strong support for a proposal by Gov. Paul LePage and Rep. Martin Grohman, I-Biddeford, to create a $50 million general obligation bond to offer...

Maine Mall Toys R Us store among 800 reported to be closing or sold


Numerous press reports have Toys R Us Inc. planning to either close or sell all of its more than 800 stores across the United States — which, if true, would result in the closure of the...

LaunchPad now accepting applications for 2018 competition


Gorham Savings Bank is now accepting applications for its sixth annual LaunchPad small business competition in which small businesses compete for a $50,000 grant prize from the bank.

Cerahelix secures $2 million in venture capital funding


The Orono-based startup Cerahelix Inc., which produces an energy efficient water reuse technology, secured $2 million in financing to expand its sales and marketing efforts.

Camden National opens N.H. loan office


Camden National Bank, Maine’s largest bank, said Monday it has opened a loan office in Portsmouth, N.H., building on its out-of-state footprint.

Bank of America lays off 30 in Belfast

Bank of America has laid off about 30 people at its Belfast call center.