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Banking & Finance

FAME recognizes Androscoggin Bank for its commercial lending

Staff |

The Finance Authority of Maine recognized Androscoggin Bank with its Lender at Work for Maine Award at the FAME 35th anniversary "Showcase Maine" event. The annual celebration recognizes FAME’s...

Front Street Shipyard's Building 6 now 'open for business'

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A 22,500-square-foot facility that enhances Front Street Shipyard's ability to work on large vessels at its Belfast yard is now open for business.

Camden National named a national ‘leader’ in customer experience

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Camden National Bank is one of five U.S. banks named as a 2018 Greenwich CX Leader, a designation based on scores that exceed the industry benchmarks by a specific margin for overall customer...

FAME to honor Front Street Shipyard, three others at Showcase Maine Awards

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The Finance Authority of Maine next week will honor a Belfast shipyard and marina, a nonprofit educational group and two Maine-based banks at the state agency's 35th annual meeting and celebration of...

Camden National Bank awards $22K in Leaders & Luminaries grants to nonprofits

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Camden National Bank on Thursday announced $22,000 in grants to its six outstanding nonprofit board leaders as winners of the 2018 Leaders & Luminaries Awards.

Led by Elevate Capital venture fund, Minnow closes $1.2M seed round

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Minnow, the developer of the first internet-of-things-enabled food pickup kiosk that helps restaurants manage online and delivery orders, announced Monday that it closed a $1.2M seed round led by...

Bar Harbor Bank & Trust dips its toe in Portland market

Peter Van Allen |

Two former NBT Bank executives, Daryl Wentworth and Joe Delano, have joined Bar Harbor Bank & Trust and will work out of the planned commercial loan office in Portland.

JPMorgan the newest kid on the block in Maine commercial banking

Renee Cordes |

JPMorgan Chase & Co. (NYSE: JPM), the global financial services powerhouse with $2.6 trillion in assets, has a new commercial banking presence in Maine led by industry veteran Michael Griffin.

First-ever credit union devoted to farmers and food producers achieves funding goal

James McCarthy |

Maine Harvest Credit Project has reached its $2.4 million fundraising goal, calling it a critical milestone in becoming Maine's 56th credit union and the country's first-ever to lend exclusively to...

Bar Harbor Bank & Trust plans to open a Portland loan office

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Establishing its first brick-and-mortar presence in Cumberland County, Bar Harbor Bank & Trust will open a commercial loan office in Portland and plans to announce the site in the coming weeks.