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Banking & Finance

Bangor Savings receives nod from J.D. Power and Associates

Staff |

Bangor Savings Bank has received the highest score among qualifying retail banks in New England in J.D. Power and Associates' 2016 Retail Banking Satisfaction Study for the second year in a row.

Bar Harbor Bankshares to merge with Lake Sunapee Bank Group

Staff |

Bar Harbor Bankshares (NYSE MKT: BHB) has signed a definitive merger agreement to acquire New Hampshire-based Lake Sunapee Bank Group (NASDAQ: LSBG) in an all-stock transaction valued at...

Low costs lure financial institution back offices to Portland

James McCarthy |

A new analysis of 45 cities in the United States and abroad shows the city of Portland to be the lowest-cost market in New England for back-office operations.

How To: Work with your commercial lender to grow your business

David M. Eldridge |

Spring brings growth and new activity. In the commercial lending world, it's also when small- and mid-size businesses get serious about launching, growing or expanding. We celebrate...

The foibles of new technology

Lori Valigra |

The first time I observed just how frustrating new technology can be to consumers unfamiliar with it was in the lobby of a bank in Coolidge Corner in Brookline, Mass.

Colby looks to bonds to finance growth

Laurie Schreiber |

Colby College plans to spend up to a quarter-billion dollars on new campus buildings, with minimal impact on the college's endowment. As part of its long-term planning process, Colby in January 2015...

Startups in Maine need to move quickly to become mid-sized companies

Lori Valigra |

Two Maine financiers and innovators are calling for what seems a tall task: building a "middle class," or group of mid-sized, scalable Maine companies that can create and spin off new businesses and,...

Evolution1 rebrands itself as 'WEX Health'

James McCarthy |

Evolution1, the cloud-based technology and health care payment company purchased by South Portland-based WEX Inc. for $532.5 million in June 2014, has changed its name to WEX Health.

What might negative interest rates mean to Maine?

Lori Valigra |

There's been a lot of guessing about whether the Federal Reserve will proceed with its December plan to raise interest rates four times this year or possibly only two, given the economic turmoil in...

Navigate new EMV chip-card standards

Patty Sanville |

If you have not transitioned your payment systems to comply with EMV chip-card standards, you are now liable for chargebacks related to counterfeit card fraud.