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Banking & Finance

Maine's oldest bank comes to Portland's Old Port

Renee Cordes |

Saco & Biddeford Savings Institution opened its first branch in Portland on Monday, hanging its shingle in the Old Port as it nears its 190th anniversary.

Maine SBA has new statewide director, new manager in Portland

STAFF |

Amy Bassett, the new director of the Maine District Office of the U.S. Small Business Administration, announced the appointment of Brad Currie as senior area manager of the SBA’s Portland...

Tax headache or good deed? New 3% surcharge raises fears of exodus out-of-state

Renee Cordes |

For years, working professionals with mobile careers and retirees with the financial resources to relocate have fled Maine for friendlier environs like Florida, which has no income or...

How To: Diversify your investment portfolio

Michael R. Walp |

Many of us today can expect to live many years in retirement. Diversifying money across a range of investments helps protect our portfolios from events we cannot foresee, it reduces the...

U.S. Department of Labor extends fiduciary rule implementation date

James McCarthy |

The U.S. Department of Labor is proposing an extension of the applicability dates of the fiduciary rule and related exemptions implemented by the Obama administration, including the...

Maine mortgage rates seen rising slightly after Fed move

RENEE CORDES |

Despite the March 15 rate hike by the Federal Reserve and signals of further gradual increases, experts say that Maine homebuyers can expect mortgage rates to rise only slightly.

CEI presents 'Opportunity Award' to St. Croix Tissue

Lori Valigra |

Braving Tuesday's nor'easter to attend CEI's annual meeting in Brunswick, St. Croix Tissue Inc., was awarded CEI's “2017 Award for Expanding Economic Opportunity” for its $120 million...

Farm Credit East pays dividends to Maine farmers, foresters, fishermen

STAFF |

Farm Credit East, the Northeast's largest agricultural lending cooperative, distributed a record $56 million in cash patronage dividends to more than 11,000 farm, fishing and forestry business owners...

TD Bank steps up its focus on small businesses

Lori Valigra |

After a two-year study, TD Bank is stepping up its focus on small business lending and other services in New England and upstate New York.

ImmuCell gets additional $2 million in debt financing

STAFF |

ImmuCell Corp., a Portland-based maker of health products used in dairy and beef industries, said it has landed an additional $2 million in financing for its planned expansion.

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