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Banking & Finance

Midcoast bank mum on $3.8M charity theft case

The midcoast bank used to deposit $3.8 million allegedly stolen by a Rockport businessman from a Camden-based charity is remaining quiet on the issue.

Second GNP company files bankruptcy

A second company related to Great Northern Paper Co.’s East Millinocket mill has filed for Chapter 7 bankruptcy, which one lawyer hopes could lead to a reopening of the...

Eleven Maine companies recently raised capital

Lori Valigra |

Maine companies continue to raise money actively, filing Form Ds with the U.S. Securities and Exchange Commission for equity or debt offerings. There were 38 filings through early October...

Tilson Technology only Maine venture deal in Q3

Lori Valigra |

Tilson Technology Management Inc., a Portland-based provider of telecommunications services, was the only Maine company to raise venture capital in the third quarter, pulling in...

Ch. 7 bankruptcy sought for Old Town mill

Four creditors of the shuttered Old Town Fuel and Fiber are seeking to force the company into involuntary Chapter 7 bankruptcy in order to recoup over $1 million in debt.

Maine Angels one of most active US groups

The Maine Angels closed on 14 deals during this year's second quarter, making it one of the country's most active angel investment groups, according to a new report.

Decades-old Bath business to file bankruptcy

An 86-year-old appliance business in Bath that abruptly closed last month is planning to file for bankruptcy, possibly leaving dozens of customers without refunds.

Maine credit unions soar in 2014 membership

Membership at Maine’s 61 credit unions surged to 646,429 statewide, reflecting an additional 10,000 new members from Dec. 31 of last year through this June 30, which is a new...

GNP bankruptcy case moves to Maine

The bankruptcy case of Great Northern Paper Co. is switching venues from Delaware to Maine after a federal judge last week made the ruling sought by several creditors.

Maine AG seeks relocation of GNP case

The Maine attorney general and the towns of Millinocket and East Millinocket have joined the call to relocate the bankruptcy case of Great Northern Paper Co. from Delaware to Maine,...