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Banking & Finance

Bangor Savings' new leader to take post soon

Bangor Savings Bank announced on Wednesday that Bob Montgomery-Rice will take his post as president in January and as the bank’s CEO and director in April.

New Maine credit union to focus on small farms

Two finance professionals are planning to launch the Maine Harvest Credit Union, a credit union that will focus on helping small farms buy land and equipment.

Maine Venture Fund fills an important niche

Lori Valigra |

With both returning and home-grown management talent, Maine's high-growth companies are catching the eye of investors.

GNP mill's buyer: All options are open

Hackman Capital Partners, a California-based investment firm, will purchase the Great Northern Paper Co. mill in East Millinocket for $5.4 million after making the winning bid in an...

Maine's largest accounting firms

RankCompany, locationRevenue in Maine/Total employees in...

Machias Savings Bank CEO Larry Barker talks about northern expansion and economic recovery

Craig Idlebrook |

Larry Barker worked his way up the ranks of Machias Savings Bank to become its president in 2011. He now is also the bank's CEO. Since 1869, Machias Savings has...

What's in your wallet? Increasingly, endowment investments are subject to scrutiny

Douglas Rooks |

If the fledgling fossil fuel divestment movement for endowments catches on, it will be in part due to the pioneering work of Unity College and investment advisers at Spinnaker Trust in...

Adding depth to ‘shallow economies’: In field of New Markets Tax Credits, CEI has found a niche

Douglas Rooks |

Legislation creating the New Markets Tax Credit program was enacted by Congress in 2000 with unusually strong bipartisan majorities, and signed into law by President Bill Clinton. But it...

Sale of Old Town mill moves forward

The proposed $10.5 million sale of the Old Town pulp mill cleared one obstacle this week in a move that could reopen the facility and restore about 180 jobs. But the mill's...

Sales process OK'd for GNP mill

The sales process for the Great Northern Paper Co. paper mill in East Millinocket is moving forward after receiving approval from a bankruptcy court judge on Friday.