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Banking & Finance

Bangor Savings doubles down on its waterfront expansion

Laurie Schreiber |

As Bangor Savings Bank prepares to complete its move next week into its new 117,000-square-foot operations center at 11 Hamlin Way, the bank also made a strategic acquisition of a neighboring vacant...

York County Federal Credit Union members OK merger with Atlantic FCU

Staff |

With more than 2,100 ballots cast, the members of York County Federal Credit Union have agreed to merge with Atlantic Federal Credit Union — with 86% voting “Yes.”

Maine credit unions raise over $792K to end hunger

Staff |

Credit unions from across Maine gathered in Freeport on Tuesday to celebrate the conclusion of the Maine Credit Union League’s 2018 Campaign for Ending Hunger. The initiative, backed by all of...

Orono company raises more than $1M in early stage venture capital

Staff |

CourseStorm, an Orono company that offers an online class registration and enrollment management service, announced Thursday it completed a $1.15 million early series round of financing.

A look back: Operator, please connect me to rural Maine

While it seems hard to believe in this day and age, a story about the high cost of long-distance phone calls that ran the December 1995 issue of Mainebiz has a parallel story today.

Six projects receive funds in ninth round of Coastal Community Grant Program

Staff |

Six projects from South Portland to Stonington were awarded state Department of Agriculture Conservation and Forestry grants that will help provide support for projects ranging from identifying ways...

Dream Local Digital raises $725K of early stage venture capital

Staff |

Dream Local Digital, a fast-growing digital marketing company based in Rockland, completed a $725,000 Series A round of financing in an oversubscribed round co-led by CEI Ventures with Maine Venture...

Court grants Lincoln hospital right to pay wages and bills during Ch. 11 proceedings

Documents filed at U.S. Bankruptcy Court for the District of Maine in the Chapter 11 bankruptcy case by Penobscot Valley Hospital reveal that the Lincoln hospital owes up to $10 million to more than...

Swish-Out charity basketball event raises $45K for Maine Children’s Cancer Program

Staff |

A charity basketball tournament on Sunday sponsored by Town & Country Federal Credit Union raised $45,000 for children with cancer and their families, bringing the event’s 25-year total to...

Former Wells Fargo advisors open Steward Partners' first office in Maine

Staff |

Several former Wells Fargo financial advisors, who collectively bring with them $338 million in client assets, have opened a new office in Portland through an affiliation with Steward Partners Global...

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