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Banking & Finance

Growing Acadia Federal Credit Union to open Bangor Broadway branch

Staff |

The Fort Kent-'based credit union says growth in the Bangor area prompted the addition, and the branch will open in October.

Wells Fargo gave $372,900 to Maine nonprofits in 2018

Staff |

Wells Fargo & Co. said it gave $372,900 to Maine nonprofits, schools and community organizations in 2018, including $45,000 in employee-driven donations.

Scratchpad Accelerator gets $150K boost from Bangor Savings

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Bangor Savings Bank will invest $150,000 over three years in the Bangor-based Scratchpad Accelerator run by University of Maine Business School professor Jason Harkins and serial entrepreneur Lisa...

Skowhegan grant money will set Kennebec on 'fire'

Maureen Milliken |

The Kennebec River in Skowhegan will light up for special events, the result of a $75,000 grant from the Maine Arts Commission to Main Street Skowhegan. A three-year Creative Communities Economic...

Portland cannabis software company prepares for national expansion

Laurie Schreiber |

A year-old Portland software company that focuses on the cannabis and hemp industry is getting ready to launch a second round of financing in order to expand nationally in a rapidly increasing market.

Bangor Savings Bank makes Forbes' 'World's Best' rankings

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Bangor Savings Bank is the only Maine-based bank in the first-ever “World's Best Banks” rankings released by Forbes in a partnership with market research firm Statista.

$14M financing for Rock Row project will upgrade transportation links

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Developers of the Rock Row project in Westbrook have secured $14 million in bond financing for the two million-square-foot mixed-use development in an agreement that will pay for public...

Gulf of Maine Research Institute receives $790K grant to study impact of warming ocean on key species

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The National Science Foundation awarded the Gulf of Maine Research Institute a $789,659 grant to examine the impact of a warming climate on growth and population patterns in cod and lobster in the...

Three Greenlight Maine finalists selected for $100,000 pitch-off competition

Renee Cordes |

Ocean’s Balance of Biddeford, Flowfold of Gorham and American Roots of Westbrook are in the running for a $100,000 cash prize after being named finalists of Greenlight Maine Season 4 television...

Gorham Savings Bank's new CEO targets summer opening for Yarmouth branch

Renee Cordes |

Steve deCastro is president and CEO of Gorham Savings Bank, which has over $1 billion in assets, 13 branches in Maine and close to 200 employees.