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Banking & Finance

Pitch contest winnings to help North Spore Mushroom Co. scale up its operations

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North Spore Mushroom Co. won $100,000 in the "Greenlight Maine" Season 3 entrepreneurial pitch contest.

MedRhythms exceeds $4M goal in Series A financing round

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MedRhythms, a Portland-based company that combines sensors, neuroscience and music to help people recover from neurologic injury or disease, announced Friday it raised $5 million in an oversubscribed...

North Spore Mushroom wins Greenlight Maine finale

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North Spore Mushroom Co., an urban mushroom farm based in Westbrook, won $100,000 in Greenlight Maine's Season 3 entrepreneurial pitch contest, whose finale featured pitches by Forager, North Spore...

Maine Credit Union League elects 2018-19 officers

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The Maine Credit Union League's board elected new officers for 2018-19 at the organization's 80th annual meeting and convention in Portland.

Weigel, McKim to lead Maine Bankers Assoc.

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At the 125th annual meeting of the Maine Bankers Association in South Casco, member banks elected Patricia Weigel, president and CEO of Norway Savings Bank, to head the association beginning July 1.

Bangor Saving closes FY 2018 in position of strength

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Investments in infrastructure and growth in core accounts helped Bangor Savings Bank earn a net income of $23.9 million for the 2018 fiscal year that ended March 31. The bank finished the fiscal year...

Gorham Savings celebrating 150 years with 150 days of giving

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Gorham Savings Bank, in celebration of its 150th anniversary, plans to grant up to $150,000 of wishes over the next 150 days as part of a community giving program called “Wish Tree.”

Sterling Kozlowski, KeyBank’s Maine market president, passes away

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Sterling Kozlowski, Maine market president for KeyBank, died on Saturday, the bank said Monday.

Maine Credit Union League backs bill to protect legal cannabis from feds

James McCarthy |

The Maine Credit Union League is supporting a bill introduced Thursday in the U.S. Senate that would remove the threat of federal prosecution in Maine and other states that have legalized...

MaineHealth earns strong credit ratings ahead of issuing bonds for $512M expansion

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Two credit rating agencies have affirmed the strong financial position of MaineHealth, northern New England's largest health care system, as the organization readies itself to borrow for an expansion...