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Banking & Finance

MTI, Maine Venture Fund join MedRhythms' investors in $5M financing round

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Portland-based digital therapeutics startup MedRhythms said it has closed its $5 million venture-capital financing round with investments from the Maine Venture Fund and the Maine Technology...

Saint Joseph’s College lands $180K grant to spur interest in STEM fields

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Saint Joseph’s College will receive a $182,845 grant from the National Science Foundation for the college’s “Chemistry for the Community” initiative.

Horse protection nonprofit gets $200,000 charitable donation

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The Maine State Society for the Protection of Animals said Tuesday that it received a $200,000 grant to support its general operations and planned expansion of its equine rehabilitation facility in...

KeyBank ramps up its residential mortgage business

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Key Bank has appointed Stephen F. Jordan as vice president, mortgage market manager, as part of a ramping up of its New England sales team to better serve clients seeking to buy homes in Maine and...

Lisbon expands its small-business base with strategic business loans

Lisbon, a town of more than 9,000 in eastern Androscoggin County, has given out nearly $400,000 in economic development loans in the past five years to grow its small-business base.

Foundation awards grants to 31 Maine nonprofits

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The Frances Hollis Brain Foundation Fund at the Maine Community Foundation has awarded 31 grants totaling $175,740 to nonprofit organizations that serve disadvantaged, underserved, and/or vulnerable...

FAME approves financing for Thompson's Point project

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The board of Finance Authority of Maine approved a direct loan of $495,000 to Forefront Commons I LLC to help renovate a historic former rail building as part of a larger construction project at...

Six businesses receive $530K in USDA Rural Development grants

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Six small businesses in southern Maine have received nearly $530,000 in federal grants from two USDA Rural Development programs.

SBA and MTI host event on federal grant funding for Maine small businesses

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The U.S. Small Business Administration and the Maine Technology Institute will host an event in Portland on Friday that will give Maine small businesses a chance to meet program managers and senior...

Franklin Savings launches $150K donation campaign for local nonprofits

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Franklin Savings Bank is celebrating its 150th anniversary by setting up a fund that will make donations to nonprofits in its coverage area.