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Banking & Finance

  • Tax sheltering tool will gain popularity in new year

    Justin Lamontagne December 24, 2012

    There are a few things in life that make me uncomfortable. The grocery store, for example, totally overwhelms me. The feeling of a new pair of jeans is absolutely unbearable. I think flu shots are shady.

    Justin Lamontagne December 24, 2012
  • Dover-Foxcroft firm buys Sanford sawmill

    December 17, 2012

    Pleasant River Lumber, based in Dover-Foxcroft, has purchased a Sanford sawmill after its previous owners, New England Building Materials, went into bankruptcy reorganization.

    December 17, 2012
  • Legislature to revisit state bank proposal

    December 11, 2012

    Two state lawmakers are putting forward another effort to set up a state bank in Maine that they say would make more credit available to small businesses.

    December 11, 2012
  • Foreclosure recovery remains ‘slow and drawn out’

    James McCarthy December 10, 2012

    CoreLogic, a California-based provider of information and analytics about mortgages, sees some light at the end of the foreclosure tunnel — nationally, at least.

    James McCarthy December 10, 2012
  • VC fund honors three Maine firms

    December 10, 2012

    The Small Enterprise Growth Fund, Maine's venture capital fund, recently honored three of its 19 portfolio companies for exemplary performance in leadership, achievement and public benefit.

    December 10, 2012
  • SEGF names first Entrepreneur-In-Residence

    December 4, 2012

    The Small Enterprise Growth Fund has appointed Des FitzGerald as its first Entrepreneur-In-Residence.

    December 4, 2012
  • AG joins call for extension of homeowner tax break

    James McCarthy November 28, 2012

    Maine Attorney General William Schneider and 42 of his counterparts across the country have asked congressional leaders to extend a key tax-relief provision they say is needed to further help homeowners benefiting from a national mortgage settleme

    James McCarthy November 28, 2012
  • Hostess fires 15,000

    November 26, 2012

    Hostess Brands Inc. will fire over 80% of its employees after a bankruptcy court judgment that also allows the company to begin looking for a buyer.

    November 26, 2012
  • Federal lawsuit outlines online banking procedures

    Dan Mitchell Bernstein Shur Attorney And Member Of Its Litigation Group And Data Security Team November 26, 2012

    Last July, the federal First Circuit Court of Appeals issued a first-of-its-kind decision regarding the obligations of banks and their commercial customers in response to online cyber-thefts. The decision, Patco Construction Co. v.

    Dan Mitchell Bernstein Shur Attorney And Member Of Its Litigation Group And Data Security Team November 26, 2012
  • Judge directs Hostess, union to mediation

    November 20, 2012

    Hostess Brands Inc. and union officials are back at the bargaining table at the urging of a New York U.S.

    November 20, 2012
  • Hostess to cease operations, citing union strike

    November 16, 2012

    Hostess Brands announced today that the business will be closing after failing to reach an agreement with striking workers.

    November 16, 2012
  • Hostess to dissolve if strike continues

    November 15, 2012

    Hostess Brands executives plan to liquidate the bankrupt 18,000-employee company by Friday if striking workers — including over 300 at a Biddeford plant — don't return to work.

    November 15, 2012
  • Maine workers join Hostess strikes

    November 12, 2012

    Employees of a Biddeford Hostess bakery and distribution center joined the picket line at a Philadelphia company plant as part of a larger worker protest at the bankrupt company.

    November 12, 2012
  • Katahdin Bankshares assets set record

    October 29, 2012

    The Houlton-based Katahdin Bankshares Corp., parent of the Katahdin Trust Company, announced reaching record levels for its total assets, loans, deposits and equity this quarter.

    October 29, 2012
  • Tech innovators connect at MTI conference

    Lori Valigra October 29, 2012

    An arena in Lewiston buzzed recently, but instead of its usual hockey fans, several hundred entrepreneurs, investors and government officials from inside and outside the state swarmed the Androscoggin Bank Colisée to see the latest biotech, altern

    Lori Valigra October 29, 2012
  • Bar Harbor Bankshares sees record quarter, year

    October 26, 2012

    Bar Harbor Bank & Trust's parent company, Bar Harbor Bankshares, announced record net income for the third quarter of 2012, rising 11.9% over the third quarter of 2011.

    October 26, 2012

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Today's Poll

Do you patronize farmers' markets in Maine?
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Poll Description

Maine has over 100 farmers' markets offering a range of local food products.

Maine Federation of Farmers’ Markets reports that unseasonably cool temperatures and a rainy early summer have not only caused issues for some crops but also for local farmers' markets. Strawberries, for instance, had a bad season. Around the state, sales at farmers' markets have been down this summer.