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Banking & Finance
Dirigo Federal Credit Union taps Scarborough for its fifth branch
Tina Fischer October 30, 2025The new branch is the first for the 70-year-old institution in decades. For now, Dirigo has four branches — in Lewiston, Auburn, Mechanic Falls and South Paris
Tina Fischer October 30, 2025
With commercial base established in Maine, NBT Bank plans first retail branch
Laurie Schreiber October 30, 2025The Norwich, N.Y.-based bank said it has seen “tremendous growth” in its Maine customer base in recent years.
Laurie Schreiber October 30, 2025
Camden National Corp. posts increase in Q3 earnings
Alexis Wells October 29, 2025Camden National Bank is the second-largest Maine-based bank, based on assets of $5.7 billion.
Alexis Wells October 29, 2025
Acquisition boosts NBT Bank's Q3 results
Laurie Schreiber October 28, 2025The comparisons to the second quarter of 2025 and to the third quarter of 2024 were significantly boosted by the acquisition of a western New York bank.
Laurie Schreiber October 28, 2025
Katahdin Trust parent posts bump in Q3 earnings, deposits
Renee Cordes Updated: October 23, 2025"We are pleased with these results and look forward to finishing the year strong," said Jon J. Prescott, president and CEO of Katahdin Trust, a Houlton-based bank with 16 locations.
Renee Cordes Updated: October 23, 2025-
Skowhegan Savings expands Fairfield branch lending team
Alexis Wells October 16, 2025Skowhegan Savings Bank, with 12 locations throughout Maine, has expanded its Fairfield branch lending team, with the promotion of a longtime employee and the addition of a new vice president and commercial lender.
Alexis Wells October 16, 2025
Structuring for success: How one Maine company navigated the ESOP process
Sloane M. Perron Updated: October 20, 2025There are 6,548 ESOPs in the United States, holding more than $1.8 trillion in assets, according to the National Center for Employee Ownership.
Sloane M. Perron Updated: October 20, 2025
How to make ESOP communication a success
Chris Whitney Updated: October 20, 2025With ESOPs, once employees become vested in the company’s success, the organization’s prosperity becomes personal. They see work less as just a job and more like a place where they can build their careers, writes guest columnist Chris Whitney.
Chris Whitney Updated: October 20, 2025
The ESOP movement: Maine has seen a growing number of companies convert to employee ownership
Sloane M. Perron Updated: October 20, 2025In 2013, the Pine Tree State had 15 designated ESOPs. By 2024, that number grew to 86 ESOPs, with more expected as interest in the structure continues to grow.
Sloane M. Perron Updated: October 20, 2025
3 key considerations before converting to an ESOP
Thomas Flynn and Stella Neveu Updated: October 20, 2025A notable benefit of the ESOP is the by-product of employees thinking like owners, which they now are.
Thomas Flynn and Stella Neveu Updated: October 20, 2025-
ESOP trends at a glance
Updated: October 20, 2025Some of Maine’s best-known names in construction and manufacturing are ESOPs, including Cianbro, Sargent Corp., Reed & Reed, Haley Ward, Zachau Construction, Landry/French Construction, Knickerbocker Group, J.S. McCarthy Packaging and Printing,
Updated: October 20, 2025 
Editor's note: Employee owners take center stage with ESOPs
Peter Van Allen Updated: October 20, 2025As Maine small businesses continue to evolve, the employee ownership model offers advantages for both the owner and the employees.
Peter Van Allen Updated: October 20, 2025
Saco & Biddeford Savings hires chief people officer
Alexis Wells Updated: October 15, 2025In the newly created role, Beth Burcke will oversee all aspects of human resources across the organization.
Alexis Wells Updated: October 15, 2025
Institute for Family-Owned Business honors 7 Maine businesses at 2025 awards event
Tina Fischer October 9, 2025The Institute for Family-Owned Business recognized seven Maine companies at its 25th annual awards ceremony, held Oct. 8 at Thompson’s Point in Portland.
Tina Fischer October 9, 2025
How to boost your financial fitness
Jim Lemieux, Sebasticook Valley Federal Credit Union Updated: October 16, 2025For credit unions, "doing more" is a recognition that doing well isn’t enough; leaders in our industry need to do good, too, writes guest columnist Jim Lemieux.
Jim Lemieux, Sebasticook Valley Federal Credit Union Updated: October 16, 2025
Data blackout clouds economic picture, leaving businesses in shutdown limbo
Renee Cordes Updated: October 3, 2025If the stoppage goes into next week, that may also delay the release of monthly reports on the country's trade balance, consumer prices, retail sales and producer prices all originally slated for the next two weeks.
Renee Cordes Updated: October 3, 2025
Today's Poll
Sponsored by Kennebunk Savings Bank
With 2026 coming up fast, Maine businesses are preparing for Maine Paid Family and Medical Leave program to take effect.
The program is designed to protect paid leave for up to 12 weeks a year to care for an ill family member or bond with a new child. For employees, it's a great perk; for employers, there are challenges and costs associated with getting into compliance.
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn More
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn More
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn more-
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
-
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
-
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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