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Banking & Finance

Franklin Savings launches $150K donation campaign for local nonprofits

Staff |

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

CEI gets 4-star Aeris rating for its fund management, community impact

Staff |

Aeris, the independent rating and information service for community investment funds, has given strong ratings to Coastal Enterprises Inc. for its fund management and the social impact of its...

KeyBank promotes Kelley to Maine market president

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Less than two months after the death of Sterling Kozlowski, KeyBank's Maine market president, the bank has named his successor.

Bangor Savings opens first of new waterfront buildings

Bangor Saving Bank opened the first building at its new waterfront headquarters.

SBA's regional director touts programs to boost rural Maine

James McCarthy |

SBA's regional New England Administrator Wendell Davis drove up from Boston last week to see what Our Katahdin was up to at the shuttered Great Northern Paper mill site in Millinocket. He toured the...

Kelley steps up to become KeyBank’s Maine market president

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KeyBank announced Monday that Raymond T. (Chip) Kelley has been named its Maine market president, in addition to his current role as commercial sales leader for Maine, New Hampshire, and eastern...

Jeanne Hulit picked to lead Maine Community Bancorp

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Jeanne Hulit, who served as acting administrator of the U.S. Small Business Administration under President Obama, will take the reins of Maine Community Bancorp in October as its single president and...

Former Paris elementary school to be turned into senior affordable housing

Norway Saving Bank has donated $20,000 towards a $3.1 million Avesta Housing initiative to turn a former school in downtown Paris into affordable housing.

Bar Harbor Bankshares boosts commercial loans in second quarter

Staff |

Bar Harbor Bankshares (NYSE: BHB), parent company of Bar Harbor Bank & Trust, boosted its commercial loans in the second quarter — reporting its GAAP earnings of $8.5 million were 55 cents per...

Androscoggin Bank unveils leadership succession plan

Renee Cordes |

Neil Kiely, named Thursday by Androscoggin Bank to succeed Paul Andersen as president and later as CEO, plans to switch gears from internal improvements at the Lewiston-based community bank to...