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Banking & Finance
Nation’s oldest lobster processor files for bankruptcy relief, seeks new owner
July 3, 2025Portland-based Cozy Harbor Seafood said its decision is best understood in the context of broader market forces that have strained the sector in recent years.
July 3, 2025
Newsworthy people and performances for June 30, 2025
Updated: June 30, 2025A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms across Maine.
Updated: June 30, 2025
Bar Harbor Bank adds seasoned mortgage expert
June 25, 2025Leah Peabody is based in the bank's Bangor branch, working with clients in Penobscot and Kennebec counties.
June 25, 2025
Aw, shucks: Norway Savings a repeat sponsor of Yarmouth clam-shucking contest
June 24, 2025For the second year in a row, Barnabee the bumblebee will join his summertime pal Steamer at the Yarmouth Clam Festival next month.
June 24, 2025
Bar Harbor Bank adds middle market expert in northern Maine
Updated: June 19, 2025Jason House, an Aroostook County resident, will be responsible for business development and relationship management for commercial and industrial clients in northern Maine.
Updated: June 19, 2025-
Franklin Savings promotes longtime employee to role in loan servicing and collections
June 17, 2025Sarah Baker, who has been with the bank for 24 years, was named a vice president and loan servicing and collections officer.
June 17, 2025
Maine Savings FCU names digital services leader
Updated: June 16, 2025Amanda Gray has been named vice president of digital services for the Hampden-based credit union.
Updated: June 16, 2025
Franklin Savings Bank adds to its residential and consumer lending team
June 11, 2025Franklin Savings Bank, based in Farmington, has offices in Ellsworth, Farmington, Jay, Rangeley, Rumford, Skowhegan, Wilton and inside Mt. Blue High School.
June 11, 2025
Bangor Savings Bank opens ninth NH location, 70th overall
Updated: June 12, 2025The bank has steadily grown its presence in the Granite State over the past seven years.
Updated: June 12, 2025
Thomaston maker of scallop-farm gear sweeps all categories in Dirigo Labs pitch contest
June 10, 2025The Maine Scallop Pot is designed to be used around the rhythms of lobstermen, enabling fishermen to cultivate scallops without disrupting established routines.
June 10, 2025
Franklin Savings — looking to expand its Downeast footprint — opens full-service branch in Ellsworth
Updated: June 11, 2025Franklin Savings Bank, which is based in Farmington, previously had a loan-production office in Ellsworth. This is its first full-service branch in the Downeast region.
Updated: June 11, 2025
Machias Savings expands southern Maine leadership team
Updated: June 10, 2025Machias Savings Bank has hired Alex Lopes as senior vice president and the southern Maine regional market manager.
Updated: June 10, 2025
Top Gun winner bests 5 other finalists to take home $25,000
May 19, 2025Peace House Studio, a Bath-based manufacturer of organic cotton clothing, won this year’s Top Gun competition, and took home a check for $25,000.
May 19, 2025
Farmington program for youth-run startups will expand on 6-acre site
May 18, 2025The nonprofit Center for Entrepreneurial Studies received financing for the purchase from the nonprofit Genesis Community Loan Fund.
May 18, 2025
Mini-grant program stokes six small businesses in Maine
Updated: May 20, 2025The grants were awarded by New Ventures Maine, a program of the University of Maine at Augusta.
Updated: May 20, 2025
CEI promotes longtime employee to chief lending and investment officer
May 13, 2025Coastal Enterprises Inc. has promoted Kelsie Bouchard to chief lending and investment officer.
May 13, 2025
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