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Banking & Finance

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.

Bankruptcy judge ruling to decide GNP’s fate

A federal bankruptcy court judge is expected to rule Friday on a bankruptcy trustee’s motions to sell the former Great Northern Paper Co. mill to a stalking-horse bidder on...

Maine Angels to get first return on investment

Maine Angels is expected to get its first-ever return on investment after one of its portfolio companies went public last month.The...

Feds close cod fishing in Gulf of Maine

Large areas of the Gulf of Maine will be closed to cod fishing, federal regulators announced on Monday. The closures, due to take effect later this week, are in response to continuing...

Potential buyer could restart GNP mill

The bankruptcy trustee for Great Northern Paper Co. said a few potential buyers for the company’s East Millinocket mill may seek to reopen it for paper production.

Mortgage lender opens fifth Maine branch

Danvers, Mass.-based Mortgage Network Inc. has opened a new branch in Freeport as part of its strategy to expand in areas where the housing market has been recovering.

New York-based bank opens in Portland, cites growth potential in region

Dylan Martin |

NBT Bank, an upstate New York-based commercial bank, has opened a regional headquarters in Portland as part of its northern New England growth strategy. It's the first national...

Bank’s future in Kennebunk hinges on ballot

Kennebunk Savings’ future in Kennebunk is reportedly hinging on a referendum question on the town’s local ballot that would allow the bank to expand operations...

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.