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Banking & Finance
Skowhegan Savings expands Fairfield branch lending team
Alexis Wells October 16, 2025Skowhegan Savings Bank, with 12 locations throughout Maine, has expanded its Fairfield branch lending team, with the promotion of a longtime employee and the addition of a new vice president and commercial lender.
Alexis Wells October 16, 2025
Structuring for success: How one Maine company navigated the ESOP process
Sloane M. Perron Updated: October 20, 2025There are 6,548 ESOPs in the United States, holding more than $1.8 trillion in assets, according to the National Center for Employee Ownership.
Sloane M. Perron Updated: October 20, 2025
How to make ESOP communication a success
Chris Whitney Updated: October 20, 2025With ESOPs, once employees become vested in the company’s success, the organization’s prosperity becomes personal. They see work less as just a job and more like a place where they can build their careers, writes guest columnist Chris Whitney.
Chris Whitney Updated: October 20, 2025
The ESOP movement: Maine has seen a growing number of companies convert to employee ownership
Sloane M. Perron Updated: October 20, 2025In 2013, the Pine Tree State had 15 designated ESOPs. By 2024, that number grew to 86 ESOPs, with more expected as interest in the structure continues to grow.
Sloane M. Perron Updated: October 20, 2025
3 key considerations before converting to an ESOP
Thomas Flynn and Stella Neveu Updated: October 20, 2025A notable benefit of the ESOP is the by-product of employees thinking like owners, which they now are.
Thomas Flynn and Stella Neveu Updated: October 20, 2025-
ESOP trends at a glance
Updated: October 20, 2025Employee stock ownership plans, or ESOPs, have become a growing trend not only in Maine but nationwide as well. Here are some interesting facts and trends.
Updated: October 20, 2025
Editor's note: Employee owners take center stage with ESOPs
Peter Van Allen Updated: October 20, 2025As Maine small businesses continue to evolve, the employee ownership model offers advantages for both the owner and the employees.
Peter Van Allen Updated: October 20, 2025
Saco & Biddeford Savings hires chief people officer
Alexis Wells Updated: October 15, 2025In the newly created role, Beth Burcke will oversee all aspects of human resources across the organization.
Alexis Wells Updated: October 15, 2025
Institute for Family-Owned Business honors 7 Maine businesses at 2025 awards event
Tina Fischer October 9, 2025The Institute for Family-Owned Business recognized seven Maine companies at its 25th annual awards ceremony, held Oct. 8 at Thompson’s Point in Portland.
Tina Fischer October 9, 2025
How to boost your financial fitness
Jim Lemieux, Sebasticook Valley Federal Credit Union Updated: October 16, 2025For credit unions, "doing more" is a recognition that doing well isn’t enough; leaders in our industry need to do good, too, writes guest columnist Jim Lemieux.
Jim Lemieux, Sebasticook Valley Federal Credit Union Updated: October 16, 2025
Data blackout clouds economic picture, leaving businesses in shutdown limbo
Renee Cordes Updated: October 3, 2025If the stoppage goes into next week, that may also delay the release of monthly reports on the country's trade balance, consumer prices, retail sales and producer prices all originally slated for the next two weeks.
Renee Cordes Updated: October 3, 2025
Newsworthy people and performances for Oct. 6, 2025
Updated: October 6, 2025A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.
Updated: October 6, 2025
40 Under 40: Jonathan Poole is ensuring that all Mainers have access to opportunities
Updated: October 6, 2025"I find a great sense of achievement in my naval service, moving back to Maine, starting a family and finding professional fulfillment in support of Mainers," says Jonathan Poole.
Updated: October 6, 2025
40 Under 40: Nathan Henry is a banker and so much more
Updated: October 6, 2025The commercial loan portfolio manager for Kennebec Savings Bank says supporting emerging professionals is a passion.
Updated: October 6, 2025
40 Under 40: Alina Dubois is a banking executive with a passion for cooking
Updated: October 6, 2025Alina Dubois, a vice president and business banker at KeyBank, believes that every loan and every piece of advice can shape a business owner's future and the community they serve.
Updated: October 6, 2025
40 Under 40: Alexis Brown is a voice for young people in rural areas
Updated: October 6, 2025"As a young professional and mother, I am deeply passionate about contributing to Maine’s potential — especially in our rural communities," says honoree Alexis Brown.
Updated: October 6, 2025
Today's Poll
Sponsored by Kennebunk Savings Bank
As hotel construction continues across Portland — with 10 new projects approved before the city imposed a moratorium on new hotel development — developers argue that new hotels bring jobs, tax revenue and visitors.
In June, the city extended the moratorium by six months.
With a growing number of hotel projects underway or proposed, some ask whether the market is saturated. Activists argue that developers should focus on much-needed housing.
Meantime, hotel rates routinely exceed $400 a night in Portland, so there's still apparently demand.
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn More
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn More
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn more-
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
-
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
-
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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