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Banking & Finance

Brien Walton named CEO of Acadia Capital Management CDE consortium

Staff |

Brien Walton, director of Husson University's Center for Family Business, has been named chairman and CEO of the Acadia Capital Management consortium of Community Development Entities.

North Spore wins $50K Gorham Savings' LaunchPad prize

Staff |

North Spore, a Westbrook startup that cultivates and sells mushroom-growing kits, beat four other finalists to win the coveted $50,000 Gorham Savings Bank LaunchPad prize on Tuesday evening.

New venture fund to invest in western and central Maine

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Opus Ventures, a Portland-based private capital and investment firm, and the Skowhegan Savings Charitable Foundation have created the Western Maine Venture Fund to support early-stage companies in...

Merrill Lynch settles with Maine over its unnecessary fees for NextGen investors

Staff |

Maine has reached a settlement with Merrill Lynch, Pierce, Fenner & Smith Inc. following an investigation that determined the investment firm steered some Mainers’ NextGen college savings into...

Aroostook County organic potato farmers file for bankruptcy

The former owners of the organic potato farm Wood Prairie Family Farm in Bridgewater have filed for bankruptcy protection.

Early-stage businesses advance with some coaching help from Gorham Savings

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Fifteen small businesses, including North Spore Mushroom Co., Two Fat Cats Bakery and Tito Masonry & Construction recently participated in a new five-part workshop series offered by Gorham Savings...

NBT Bank's niche: Clients too small for the larger banks and too big for the smaller banks

Renee Cordes |

Kimberly Twitchell is Maine regional president for NBT Bank, whose parent company, NBT Bancorp (NASDAQ: NBTB), is headquartered in Norwich, N.Y., and has more than $9...

Portland startup wins $25K prize in Thursday's Top Gun Showcase finals

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Erica Schmitz, founder of the Portland startup MyBodyModel, is the winner of the $25,000 cash prize awarded Thursday night at the Top Gun Showcase finals held at the University of Southern Maine's...

New Markets Tax Credits now available through EMDC affiliates

James McCarthy |

Eastern Maine Development Corp. learned earlier this month that three of its affiliates have become certified as Community Development Entities, a federal designation that allows them to participate...

CEI launches ‘Wicked Fast Microloans’ for small businesses

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Coastal Enterprises Inc. has created a new microloan product that’s intended to help small businesses that need capital quickly to address needs ranging from equipment breakdowns to scaling up...