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Banking & Finance

Wiscasset aerospace contractor looks to raise $4.5M

Lori Valigra |

Four Maine companies raised money recently through equity, debt or pooled investment fund interest offerings.

Camden National program to help the homeless

Camden National Bank said Thursday it is launching a program to provide funding for the homeless.Hope@Home, as the program is...

Saco & Biddeford Savings names new president

Saco & Biddeford Savings Institution has named its next president, more than two years before CEO Kevin Savage is set to retire.

Maine venture capital deals rise in number, fall in value

Lori Valigra |

More Maine companies found venture capital investments in 2014 over the prior year, but the total value of the deals was about 68% less for the year, and fourth quarter numbers were...

Two Maine credit unions merge

The Portland Police Department Federal Credit Union is merging with TruChoice Federal Credit Union, which has locations in Portland and Buxton.

Kennebec Savings Bank names new CEO

Kennebec Savings Bank has named an executive who was instrumental in starting the bank’s wealth management division as its new CEO and president.

Bangor Savings' new leader to take post soon

Bangor Savings Bank announced on Wednesday that Bob Montgomery-Rice will take his post as president in January and as the bank’s CEO and director in April.

New Maine credit union to focus on small farms

Two finance professionals are planning to launch the Maine Harvest Credit Union, a credit union that will focus on helping small farms buy land and equipment.

Maine Venture Fund fills an important niche

Lori Valigra |

With both returning and home-grown management talent, Maine's high-growth companies are catching the eye of investors.

GNP mill's buyer: All options are open

Hackman Capital Partners, a California-based investment firm, will purchase the Great Northern Paper Co. mill in East Millinocket for $5.4 million after making the winning bid in an...