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Banking & Finance

Pitch-contest season moves into high gear

Mainebiz staff |

Maine's start-up community seems to thrive on the annual pitch contests.

Redevelopment of shuttered Millinocket mill gets $5.3M boost

Staff |

Developers of the former Great Northern Paper mill site in Millinocket will get federal aid to implement infrastructure improvements that will help them establish an industrial park.

LifeFlight of Maine a step closer to replacing aging helicopters

Staff |

Saco & Biddeford Savings Institution has donated $10,000 to LifeFlight of Maine in support of the emergency transport nonprofit’s fundraising campaign to purchase two new helicopters.

DEP grant will expand recycling and composting at workplaces

Staff |

The state Department of Environmental Protection has awarded $88,000 in grants to help six Maine companies and other organizations expand their waste recycling and composting efforts.

CEI will use federal grant to help Biddeford manufacturer grow

Staff |

A Biddeford manufacturer will create 30 jobs as part of a program funded with federal assistance.

Bangor Savings to open Auburn branch

Staff |

Bangor Savings Bank plans to open its first branch in Auburn, its 61st overall. The 5,600-square-foot branch, at 170 Turner St., is expected to open in the late fall of 2019.

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

Staff |

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

Staff |

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

Staff |

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

Staff |

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...