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Banking & Finance

How To: Work with your commercial lender to grow your business

David M. Eldridge |

Spring brings growth and new activity. In the commercial lending world, it's also when small- and mid-size businesses get serious about launching, growing or expanding. We celebrate...

The foibles of new technology

Lori Valigra |

The first time I observed just how frustrating new technology can be to consumers unfamiliar with it was in the lobby of a bank in Coolidge Corner in Brookline, Mass.

Colby looks to bonds to finance growth

Laurie Schreiber |

Colby College plans to spend up to a quarter-billion dollars on new campus buildings, with minimal impact on the college's endowment. As part of its long-term planning process, Colby in January 2015...

Startups in Maine need to move quickly to become mid-sized companies

Lori Valigra |

Two Maine financiers and innovators are calling for what seems a tall task: building a "middle class," or group of mid-sized, scalable Maine companies that can create and spin off new businesses and,...

Evolution1 rebrands itself as 'WEX Health'

James McCarthy |

Evolution1, the cloud-based technology and health care payment company purchased by South Portland-based WEX Inc. for $532.5 million in June 2014, has changed its name to WEX Health.

What might negative interest rates mean to Maine?

Lori Valigra |

There's been a lot of guessing about whether the Federal Reserve will proceed with its December plan to raise interest rates four times this year or possibly only two, given the economic turmoil in...

Navigate new EMV chip-card standards

Patty Sanville |

If you have not transitioned your payment systems to comply with EMV chip-card standards, you are now liable for chargebacks related to counterfeit card fraud.

Social and environmental investments yield more than economic returns

Lori Valigra |

Investing in social and environmental causes used to be associated with tree huggers and other "do-gooders," but in recent years it has hit the mainstream, with returns...

Gorham Savings Bank is embracing new technologies

Lori Valigra |

Christopher Emmons, president and CEO of Gorham Savings Bank, is banking on new technologies like interactive teller machines and native ads popping up on cell phones to rein in and keep customers.

Gorham Savings raising LaunchPad purse to $50K

Lori Valigra |

Gorham Savings Bank's $30K LaunchPad Competition for early-stage companies will become the $50K competition in its fourth year this June 7, company President and CEO Christopher Emmons told Mainebiz.