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Banking & Finance

‘Greenlight Maine’ to reveal Season 4 finalists in its 100th episode

Staff |

“Greenlight Maine,” an entrepreneurial pitch contest offering a $100,000 prize, will celebrate its 100th episode this weekend and unveil its three Season 4 finalists.

Gorham Savings' LaunchPad application period launches

Staff |

Applications for Gorham Savings Bank's seventh annual LaunchPad small business competition opened Friday, and two new judges have been added.

Bangor wealth management firm under new ownership

Staff |

Bangor's Deighan Wealth Advisors, a member of the city's business community for 25 years, is under new ownership.

FAME financing propels development of Rumford hotel

Staff |

A 63-room Best Western hotel, that's intended to serve area lodging needs and help revitalize downtown Rumford and River Valley area, will get loan backing from the Finance Authority of Maine, whose...

Maine Savings Credit Union opens Portland branch

Staff |

The Forest Avenue location brings the number of branches for the Hampden-based lender to 11.

David Shaw creates new prize for this year's Top Gun entrepreneur competition

Staff |

David E. Shaw, managing partner of Black Point Group and co-founder of the publicly traded Maine companies Covetrus and IDEXX, will add an additional $25,000 prize to a winning entrepreneur in this...

Genesis Fund receives $1.165M grant to support affordable housing

Staff |

The Genesis Community Loan Fund, a Brunswick-based lender, was awarded $1.165 million through the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.

Bankrupt Payless to close all its stores in Maine

Payless ShoeSource Inc., a discount footwear retailer based in Topeka, Kansas, filed for voluntary Chapter 11 bankruptcy on Monday, announcing that it will liquidate more than 2,100 stories in the...

How to: Prepare for a business loan

Kim Donnelly |

If you own a business, you know what it's like to see — and want to seize — an opportunity. And often, such opportunities require an infusion of capital.

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...