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Banking & Finance

CEI Ventures closes fourth venture fund, has $20M under management

Lori Valigra |

CEI Ventures has closed its fourth fund, Coastal Ventures IV LP, at just under $10 million, with the monies targeted at small businesses in Maine and the Northeast.

WEX joins online lender to offer financing to its small biz customers


WEX Inc. (NYSE: WEX) announced today it is partnering with OnDeck (NYSE: ONDK), a leader in online lending for small business, to offer business financing from OnDeck to its small business customers.

Fed policy adviser: Three rate hikes possible in 2017

James McCarthy |

Jeffrey Fuhrer, executive vice president and senior policy adviser at the Federal Reserve Bank of Boston, says the median view of the Fed's policymakers is that there will be three 0.25 percentage...

Report: Maine has more sci-tech companies and workers, but lags in other areas

Lori Valigra |

A new report finds that the number of science and technology companies and jobs in Maine is rising at the same time investment in innovation by both companies and universities has remained low.

Bar Harbor Bankshares completes merger


Bar Harbor Bankshares (NYSE MKT: BHB), the holding company for Bar Harbor Bank & Trust, completed its merger with Lake Sunapee Bank Group, the holding company for Lake Sunapee Bank.

Bangor Savings unveils plan for waterfront

Peter Van Allen |

Bangor Savings Bank plans to develop a campus on the Bangor waterfront, a move it says will help accommodate its projected growth.

Maine among top states in inventory of foreclosed homes


Maine is among the states with the highest percentage of foreclosure inventory on its mortgaged homes, according to a foreclosure report released on Jan 10.

Venture capital slows nationally, but Maine has comparatively large deal in Q4

Lori Valigra |

As venture capital dollars and deals went soft in the fourth quarter of last year, one Maine company, Tilson Technology, pulled in a respectable $3 million in investment from CEI Ventures.

FAME helped facilitate vending company's deals

Peter Van Allen |

The Finance Authority of Maine played a key role in two acquisitions made this week by Casco Bay Vending by providing loan insurance of $8 million.

Consider these 'Top 10' New Year's resolutions to improve financial health


Will Lund, superintendent of Maine's Bureau of Consumer Protection and his staff have put together a useful guide for individuals, families and businesses seeking to improve their financial health in...