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Banking & Finance

New leader for Maine Credit Union League named

Peter Van Allen |

The Maine Credit Union League has its first new president and CEO in a quarter century.

Infinity FCU plans Portland branch


Infinity Federal Credit Union plans to break ground today on a Portland location, responding to customer feedback.

Norway Savings beefs up cybersecurity

Renee Cordes |

Norway Savings Bank has switched to a new domain name designed to boost online security and guard against cybercrime.

Camden lawmaker proposes creation of publicly owned state bank

A bill by state Sen. Dave Miramant, D-Camden, would create a state bank to conduct the state's financial business in the best interest of Mainers, not corporate shareholders. The bill received a...

Credit unions set milestone in campaign to ‘end hunger’

Maine’s credit unions raised $674,193 in 2016 in the annual Campaign for Ending Hunger, a new fundraising milestone.

Leading Maine firms put $200K toward first state startup accelerator

Lori Valigra |

Portland-based MaineHealth and disability insurer Unum US will each provide $100,000 and other support to collaborate with Portland startup accelerator Venture Hall on its inaugural startup...

Bangor Savings Bank opens Augusta branch

Bangor Savings Bank opened a new full-service branch in Augusta on Feb. 2.

UNE receives two strong bond ratings


The University of New England said it received a financial rating of A3 by Moody's Investors Service, its first financial ranking by the debt-rating service, and an A-rating from Fitch Ratings.

Top Gun names 38 startups to 'Maine 2017 class'

The Maine Center for Entrepreneurial Development, the University of Maine, The Lewiston/Auburn Economic Growth Council and MaineStream Finance announced today the members of the Top Gun Maine 2017...

Financial services account for 7.2% of Maine jobs

Lori Valigra |

Maine ranks fourth among New England states in the financial services industry's employment impact, with the sector accounting for 9.2% of total wages and 8.9% of the state's gross domestic product...