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Banking & Finance

Digital online banking trends prompt KeyBank to close four Maine branches

Maureen Milliken |

The move to digital and online banking has prompted KeyBank to close four of its 49 branches in Miane within the next few months.

Saco Island West LLC lands $4M bridge loan for 'micro apartments' project

GenX Capital Partners LLC, a Miami-based direct lender for commercial real estate transactions, announced Wednesday that one of its investors out of Boston helped close a $4 million bridge loan to...

The Telling Room chosen as 2019 TD Beach to Beacon 10K beneficiary

Staff |

The TD Beach to Beacon 10K Road Race has chosen The Telling Room, a nonprofit writing center based in Portland that empowers youth through writing, as its 2019 race beneficiary.

Could 2019 see more bank mergers? Some forecasters say 'yes'

Peter Van Allen |

Maine's banking community has been relatively stable in recent years, without a lot of major upheaval from bank mergers.

Workforce issues take center stage at Mainebiz 'Five on the Future' panel

Maureen Milliken |

Finding, recruiting and retaining workers continues to top the list of concerns across Maine industries, panelists agreed at Tuesday’s Mainebiz “Five on the Future” program in...

Boston Fed's Fuhrer sees modest growth for 'Goldilocks point' economy

Renee Cordes |

Jeffrey C. Fuhrer, executive vice president and senior policy adviser at the Federal Reserve Bank of Boston, said he sees U.S. economic growth continuing apace for the time being despite recent...

Northeast Bancorp announces corporate reorganization, plans merger with its bank subsidiary

Staff |

Northeast Bancorp (NASDAQ: NBN) announced today a reorganization plan to merge with its wholly owned bank subsidiary, Northeast Bank.

Wealth management: Spinnaker's Rand 'cautious' of financial market headwinds

Renee Cordes |

As Amanda Rand embarks on her second year as president of Portland-based wealth management firm Spinnaker Trust, she sees headwinds that could put a damper on financial markets.

Financial Planning: Stock market worries? Take the long view

Peter Van Allen |

Molly C. Reinfried, a certified financial planner, has been at HM Payson for four and a half years and was recently named chair of the firm's wealth management group.

Financial management: Northern Maine financial firm invests in staff and software

Renee Cordes |

After taking the helm as CEO of Thompson-Hamel LLC in October, Bryan Thompson has big plans for the Presque Isle-based financial firm.