A roundup of Maine company news for Aug. 7, 2023
Here's a roundup of company and nonprofit news originally published in the Aug. 7, 2023, print edition of Mainebiz. The briefs are compiled from news releases.
Southern
Partners Bank in Sanford awarded a total of $24,000 in scholarships to 16 high school seniors in Maine and New Hampshire who graduated in 2023.
The town of Yarmouth introduced a new logo and website as part of a comprehensive branding initiative.
F.L.Putnam Investment Management Co. in Portland announced an expansion with the addition of Aurora Financial Group LLC in Portland. Charles Dibner, Aurora's founder and president, will join the management company as a strategic consultant and private client advisor.
Biofine Developments Northeast Inc. in Portland and Sprague Resources LP in Portsmouth, N.H., entered into a long-term agreement that will bring the next generation of advanced biofuel, ethyl levulinate, to the market. Sprague will also market the product that converts waste feedstocks into carbon-negative biofuels.
Majestic Studios, a high-quality video production company, opened at 764 U.S. Route 1, Suite 4, in York.
ProSearch, an employee-owned recruiting and staffing firm in Portland, acquired Technology Staffing Partners, a privately held firm specializing in recruiting and staffing information technology professionals, in Portsmouth, N.H.
Midcoast and Downeast
The Maine Community Foundation in Ellsworth said its Frances Hollis Brain Foundation Fund awarded a total of $198,213 to 29 organizations that support underserved or vulnerable communities in Auburn, Bath, Biddeford, Brunswick, Greater Portland, Lewiston, Saco and Sanford.
Central and Western
Thomas College in Waterville announced the release of its new visual identity, including updates to the institutional logo, Presidential seal and colors pallets.
The Maine Department of Inland Fisheries and Wildlife in Augusta finalized a purchase of over 700 acres in the town of Rangeley, creating a wildlife management area that features over 600 acres of prime deer wintering habitat, and shore frontage on Ross Pond, which contains a wild, self-sustaining brook trout fishery.
The Maine Department of Education provided an additional $2 million to 17 school units to expand summer learning programs across the state for nearly 1,000 students. The programs focus on helping students recover from the impacts of the pandemic through additional math and literacy instruction, tutoring, hands-on outdoor learning experiences, and family engagement activities.
New Dimensions Federal Credit Union in Winslow said its 9th Annual Cruisin’ for a Cure Car Show at the Waterville Lafleur Airport, combined with a $5,000 Miracle Match from the CO-OP Financial Services organization for credit unions, resulted in a $20,966 donation to the Maine Children’s Cancer Program, an affiliate of The Barbara Bush Children’s Hospital at Maine Medical Center.
Franklin Community Health Network in Farmington said its annual Health Care Golf Classic raised a total of $26,000 for the Healthy Community Coalition of Greater Franklin County and the Martha B. Webber Breast Care Center at Franklin Memorial Hospital.
Northern
The Maine Savings Amphitheater in Bangor announced the completion of its renovation project. The project included additional and updated bathrooms, updated box office and concessions, new seating and video screens, 10 corporate suites and four clubs.
Katahdin Bankshares Corp., the parent company of Katahdin Trust Co. in Houlton, announced 2023 second-quarter earnings of $2.48 million, or $0.77 per common share, and eclipsed the $1 billion mark in total assets.
U.S. Sens. Susan Collins and Angus King announced that the Allagash Fire Department was awarded a total of $526,571 in federal grants through the Fiscal Year 2022 Assistance to Firefighter grant program to purchase a 1,500-gallon water capacity truck and related equipment.
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