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Banking & Finance

Jackson Lab pulls in lots of money, but is there ever enough funding for life-saving research?

Lori Valigra |

Despite the $80 million in funding expected in 2016 — the Bar Harbor-based lab has 19 grants awarded through the first three quarters of this year — there's still a dire need for more.

Venture capital deals, dollars soften in Q3

Lori Valigra |

Venture capital deals and investment dollars both dropped in the third quarter of this year ended Sept. 30, partly due to a typical annual third-quarter cycle and to uncertainty over the presidential...

Maine's credit unions set membership, asset records

Staff |

It's been a record year for Maine credit unions, as the Maine Credit Union League reported that the combined assets of the financial institutions reached an all-time high of $7.04 billion during the...

State officials warn consumers of fraudulent text-messaging scam

Staff |

Officials at Maine’s Bureau of Financial Institutions at the Department of Professional and Financial Regulation are warning residents of a scam involving text messages that appear to come from...

In wake of Xerox layoffs, Lewiston TD Bank to cut 35 jobs

Approximately 35 back office workers at the TD Bank operations center in Lewiston will be laid off over the coming months.

Donors stepping in to help YCCC expansion

Peter Van Allen |

Saco & Biddeford Savings commits $100,000 to York County Community College capital campaign for expansion.

Wells Fargo adds Portland middle market banking office

Wells Fargo & Co.made Portland home to its newest Middle Market Banking office and is adding two experts in that field.

Spike in card skimming has Maine institutions on high alert

Lori Valigra |

While the rest of Maine celebrated a long weekend, Scott Chretien discovered thieves had installed a skimming device to read bank cards at the drive-through teller at the York County Federal Credit...

WEX tracking to become $1B company by year's end

James McCarthy |

WEX Inc. reported total revenue for the second quarter increased 9.5% to $233.9 million, which is $20.2 million more than the $213.7 million reported for the second quarter in 2015.

How To: Calculate the social return on investment to make better decisions

Rachel Bouvier |

Many projects fail to be accepted by the community or encounter unexpected roadblocks, even though they seem profitable on paper. Just because a project has a financial benefit doesn't mean that it...