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Banking & Finance

FAME makes improvements to loan insurance program

Financial institutions seeking to apply for loan insurance through the Finance Authority of Maine will now have access to increased coverage.

Ex-banker gets 8 years for embezzling nearly $3M

A former banker has been sentenced to more than eight years in prison, months after pleading guilty to charges of tax fraud and embezzling nearly $3 million from her...

Venture capital investments in Maine up for Q2

Lori Valigra |

Maine's venture capital deals more than doubled in value and deal numbers in the second quarter over the same period last year, and were up significantly from the first quarter,...

Waterville Window Company files for bankruptcy

Dylan Martin |

Waterville Window Company Inc., a Winslow-based company founded in 1953, has filed for Chapter 7 bankruptcy, just seven months after the owner predicted a business expansion.

New York bank plans Portland expansion

NBT Bank, a federally chartered bank based in Norwich, N.Y., is planning to open an office in Portland this year that will focus on commercial banking and wealth...

Ex-loan officer sentenced for embezzling $14M

The U.S. District Court in Portland sentenced Walter Scott Fox III, a former KeyBank loan officer, to 10 years in prison for embezzling $14 million in bank funds to pay for...

Bangor Savings Bank reports 13th year of consecutive growth

Bangor Savings Bank has reported its 13th year of consecutive growth, attributing its success to strong customer service and an ability to adapt to new technologies, regulations and...

More Mainers turning to payday and other costly loans

A growing number of Mainers are relying on alternative credit programs that can leave low-income households with more debt.The...

Two Maine startups selected as semifinalists in regional cleantech competition

Dylan Martin |

Two Maine companies are among 38 semifinalists chosen to compete in a regional clean technology business incubator program that will help give the startups an extra leg...

Lewiston firm bought out from bank ownership

FISC Solutions, a Lewiston-based payment processing and business support firm, has been acquired by its senior management team from two regional banks.

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