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Banking & Finance

Penobscot Nation seeks input on water quality standards

The Penobscot Nation is hosting a public hearing tonight on new water quality standards for tribal waters the tribe has proposed to the federal Environmental Protection Agency. It's the...

FairPoint suffers $22.7 million Q2 net loss

FairPoint Communications Inc., a major telecommunications provider and employer in Maine, posted a $22.7 million net loss for the second quarter, compared with a $43.1 million loss for...

Solar energy company files for Chapter 7 bankruptcy

Ascendant Energy, a solar technology company based in Owls Head, has filed for Chapter 7 bankruptcy, citing $780,000 in debt and nominal assets.

Bar Harbor Bankshares reports record Q2 earnings

Bar Harbor Bankshares (NYSE: BHB), the parent company of Bar Harbor Bank & Trust, is reporting record net income of $3.9 million for the second quarter of 2014, representing an...

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...