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Banking & Finance

LePage signs law to improve foreclosure process

Gov. Paul LePage signed a bill into law last week that will strengthen the role of mediators in Maine’s foreclosure process and expedite procedures to deal with abandoned...

Here’s why high net worth people leave Maine

BRYAN M. DENCH |

Mainers with high net worth or substantial income are finding more and more that they can significantly lower their tax burdens — in life and death — by becoming residents of...

With more millionaire Mainers, wealth managers are growing quickly, but quietly

Lori Valigra |

Listening to Brian Bernatchez describe his wealth management clients evokes images of Maxwell Smart's "Cone of Silence." The president of Golden Pond Wealth Management in...

Judge awards $104K in damages from Oxford Aviation

A federal judge has entered a default judgement against Oxford Aviation, awarding $104,000 to an Ohio woman who claimed the company’s failure to properly repair the tail...

Canadian officials holding up MM&A sale

U.S. regulators on Tuesday approved the bankruptcy sale of the Montreal, Maine & Atlantic Railway, which now awaits approval from Canadian authorities expected by June.

Judge throws out Oxford Aviation owner's bankruptcy

A judge has thrown out the personal bankruptcy of Oxford Aviation owner James Horowitz, who transferred the company’s assets to himself for $1 in November before submitting...

Maine-based public companies

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Bangor Savings leader stepping down

James Conlon, president and CEO of Bangor Savings Bank, announced plans to retire June 1, 2015. The bank's board of directors selected the bank’s chief operations officer,...

Ex-Merrill banker pleads guilty to embezzlement

A former investment banker for Merrill Merchants Bank and People’s United Bank pleaded guilty Wednesday to charges of embezzling nearly $3 million and evading income taxes.

Rail crash victims asked to organize

The bankruptcy trustee for the Montreal, Maine & Atlantic Railway has asked attorneys representing the 47 victims killed in the railroad’s derailment and...

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