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Banking & Finance

  • NewPage to stop Rumford paper machine indefinitely

    November 20, 2013

    NewPage’s Rumford paper mill will stop production on its No.

    November 20, 2013
  • Banks chip away at foreclosure inventory

    November 18, 2013

    Maine’s state-chartered banks and credit unions completed more foreclosures than they initiated in the third quarter of 2013, which has not happened since the fourth quarter of 2006.

    November 18, 2013
  • Oxford Aviation president files for bankruptcy

    November 14, 2013

    The president of Oxford Aviation has transferred company assets to himself and filed for Chapter 13 bankruptcy amid eviction proceedings and multiple lawsuits recently filed against the company.

    November 14, 2013
  • Camden National income picks up in Q3

    November 12, 2013

    Camden National Bank’s third-quarter net income rose 1.7% over the same period last year while the bank’s year-to-date income lags 4.6% behind last year, according to its latest unaudited

    November 12, 2013
  • State OKs Machias Savings' purchase of six branches

    November 11, 2013

    The Maine Bureau of Financial Institutions has approved Machias Savings Bank’s purchase of six Bank of Maine branches, three of which it plans to close in Aroostook County.

    November 11, 2013
  • Northeast Bank earnings hampered in Q3

    October 30, 2013

    Third-quarter earnings for the Lewiston-based Northeast Bancorp dropped over $500,000 compared with the same period last year, which the bank attributed in part to fluctuations in loan purchasing volume, severance expenses and insurance reco

    October 30, 2013
  • Bar Harbor Bankshares sees record earnings

    October 30, 2013

    Bar Harbor Bankshares, the parent of Bar Harbor Bank and Trust, reported a 4.9% net income growth compared with the third quarter of last year, bringing in a record $3.5 million in earnings.

    October 30, 2013
  • Federal court plans to weather prolonged shutdown

    October 15, 2013

    The Bangor and Portland branches of U.S. District Court plan to continue operating without funds if federal lawmakers do not craft a plan to end a government shutdown by the end of this week.

    October 15, 2013
  • MM&A prepares for railway reopening

    October 15, 2013

    The Montreal, Maine and Atlantic Railway has rehired six to eight workers in anticipation of  reopening its line through Lac-Megantic, Quebec, where a July 6 oil tanker crash killed 47 people.

    October 15, 2013
  • MM&A gets $3M lifeline from Camden National

    October 10, 2013

    The Montreal, Maine and Atlantic Railway will continue operating through its bankruptcy after a federal judge approved a $3 million loan from Camden National Bank.

    October 10, 2013
  • Credit unions tout record mid-year assets

    October 9, 2013

    The Maine Credit Union League says Maine’s 61 credit unions broke a record for aggregate deposits in the first half of this year while showing strong numbers in total assets and loans.

    October 9, 2013
  • Eight suitors express interest in MM&A auction

    October 9, 2013

    Robert Keach, the court-appointed trustee for the bankrupt Montreal, Maine and Atlantic Railway Co., says that eight entities have expressed interest in bidding on MM&A’s U.S. and Canadian assets.

    October 9, 2013
  • Wealth managers seek baby boomer clients

    James McCarthy September 30, 2013

    The baby boomer cohort of 390,000 Mainers is closing in on retirement with shaken confidence and a slew of complicated questions.

    James McCarthy September 30, 2013
  • Unusual banking model spurs Northeast Bank's growth

    Carol Coultas September 30, 2013

    The view from the conference room on the fourth floor of Northeast Bank's headquarters in Lewiston extends south as far as Bleachery Hill, once a manufacturing hub in this central Maine city.

    Carol Coultas September 30, 2013
  • State venture capital fund changes name

    September 26, 2013

    The state’s venture capital fund, which has operated as the Small Enterprise Growth Fund, has changed its name to the Maine Venture Fund.

    September 26, 2013
  • Inventors of safer baby bumper prepare for production

    Darren Fishell September 17, 2013

    Over the past two years, new parents Seabren and Whitney Reeves have spent countless nights burning the midnight oil putting their two young sons to sleep and building a company to help millions of children to sleep more soundly and safely.

    Darren Fishell September 17, 2013

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Today's Poll

What’s your go-to beach read?
Choices
Poll Description

Summer in New England – or anywhere else for that matter – is an ideal time for pleasure reading, and tastes can vary widely as we recently wrote about in a seasonal feature story.

With Maine's abundance of independent bookstores, including a new vendor on wheels making the rounds in the midcoast region, we're keen to know what you're paging through.