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Banking & Finance

Historic Gardiner building sold by Camden National Bank poised for a creative reboot

Laurie Schreiber |

Under new ownership, plans are underway to install new tenants in a historic building at 252 Water St. in downtown Gardiner that until recently was owned by Camden National Bank.

Finalists named for Gorham Savings' $50K LaunchPad competition

STAFF |

Gorham Savings Bank has selected five early-stage Maine businesses as finalists of its annual LaunchPad small business competition, with a $50,000 grand prize to be awarded to the winner.

Camden National posts 17% first-quarter earnings increase

Renee Cordes |

Camden National Corp. (NASDAQ: CAC) followed its 2016 record year with strong first-quarter earnings.

Corporate teams blend work and (hopefully) fun

Laurie Schreiber |

As corporate challenges become more widespread, there's a another key factor that goes with the charitable giving: team building.

Former con artist offers business tips to avoid scams

Renee Cordes |

Frank W. Abagnale Jr., the former con artist now working with the FBI and as a corporate cybercrime consultant, was in Portland Thursday to raise awareness about scams and fraud.

Credit unions popular with millennials, says Maine trade association head

Renee Cordes |

Millennials are responding “in very good numbers” to credit unions, the outgoing president and CEO of the Maine Credit Union League told Mainebiz.

Two Maine banks ride the merger wave

Renee Cordes |

The current moderate-growth, low-interest rate environment in a historically fragmented sector adds pressure on banks to seek growth and efficiencies through mergers and acquisitions.

John Murphy reflects on 25 years as president/CEO of Maine Credit Union League

Renee Cordes |

This June, John Murphy will retire as president and CEO of the Maine Credit Union League and its Synergent service subsidiary, a post he has held since July 1, 1992. The...

Even in digital age, banks and credit unions still value 'bricks-and-mortar'

Laurie Schreiber |

In this digital age, Maine banks and credit unions continue to invest in bricks-and-mortar branches right along with banking technology.

Balancing the demand for technology and bricks and mortar

Laurie Schreiber |

Gorham Savings Bank in early April opened its new branch in the historic Grand Trunk building, at 1 India St. in Portland. The bank purchased the building's first floor just over a decade...

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