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Banking & Finance
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MM&A deal for $15.9M heads for approval
January 23, 2014A $15.9 million bid from Railroad Acquisitions LLC for the assets of the bankrupt Montreal, Maine and Atlantic Railway will go before a bankruptcy judge today.
January 23, 2014N.Y. investment firm wins bid for MM&A assets
January 22, 2014A subsidiary of the New York-based Fortress Investment Group has won a bid for the assets of the Montreal, Maine & Atlantic Railway, according to the trade publication Atlantic Northeast Rails & Ports.
January 22, 2014N.Y. investment firm wins bid for MM&A assets
January 21, 2014A subsidiary of the New York-based Fortress Investment Group has won a bid for the assets of the Montreal, Maine & Atlantic Railway, according to the trade publication Atlantic Northeast Rails & Ports.
January 21, 2014Second bidder submits offer for bankrupt rail company
January 17, 2014At least two bidders have submitted offers to purchase the bankrupt Montreal, Maine & Atlantic Railway, which is slated to be sold at auction next Tuesday. Today is the deadline for final bids to be submitted prior to the auction.
January 17, 2014Wiscasset OKs tax deal with Molnlycke
January 15, 2014In a special town meeting vote on Tuesday, Wiscasset voters approved a tax-increment financing agreement with Swedish health care product manufacturer Mölnlycke Health Care for the expansion of its Rynel plant.
January 15, 2014How to manage an endowment for a nonprofit
January 13, 2014The term “endowment” often suggests larger nonprofits, such as hospitals and colleges. However, a nonprofit of any size may choose to create an endowment. In fact, most should! An endowment, after all, is simply a permanent fund.
January 13, 2014Maine Farmland Trust approaching 2015 fundraising goal
January 8, 2014The Maine Farmland Trust has raised $18 million of a $50 million goal that the organization would use to protect farmland and bolster the state’s agricultural sector.
January 8, 2014
How the Patco case changed who pays in cybercrime
December 23, 2013One Wednesday in 2009, Mark Patterson received a letter from his bank that his company had transferred a payment to a bad account.
December 23, 2013Judge approves MM&A auction terms
December 19, 2013A federal bankruptcy judge has approved bidding procedures for the auction of Montreal, Maine & Atlantic Railways, for which bidding will start at $14.25 million.
December 19, 2013Stalking horse bid for MM&A is $14.25M
December 16, 2013The trustee for the bankrupt Montreal, Maine & Atlantic Railway is asking a judge for approval of a sales agreement with stalking horse bidder Railroad Acquisitions Holdings LLC for $14.25 million.
December 16, 2013Small business lending in Maine
December 9, 2013This data from the Federal Deposit Insurance Corp. shows small business loans in Maine have remained relatively stable for the past four years, with moderate increases in commercial and industrial lending.
December 9, 2013Banks, credit unions scramble to meet new federal mortgage rules
December 9, 2013There's QRM, the acronym for qualified residential mortgage, and QM for qualified mortgage. ATR for ability to repay. GSE for government-sponsored enterprises such as Fannie Mae and Freddie Mac.
December 9, 2013
Maine banks go mobile to net new customers
December 9, 2013Banks have come a long way since Uncle Billy misplaced his deposit and almost ruined George Bailey's building and loan company in the 1946 film “It's a Wonderful Life.” Nowadays, more people are taking to the Internet to make deposits and pay bill
December 9, 2013
Small business lending in Maine
December 9, 2013This data from the Federal Deposit Insurance Corp. shows small business loans in Maine have remained relatively stable for the past four years, with moderate increases in commercial and industrial lending.
December 9, 2013MM&A Railway bids could open this week
December 5, 2013The trustee for the bankrupt Montreal Maine & Atlantic Railway told Bloomberg News that the compa
December 5, 2013Avoid damages in commercial lease disputes
November 25, 2013Imagine the following: You're a commercial landlord. It's the first of the month and the rent check didn't come. You visit your tenants and the doors are locked. The lights are off.
November 25, 2013
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