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Banking & Finance

  • BofA faces federal lawsuit seeking $1B in damages

    October 25, 2012

    Countrywide Financial and its parent, Bank of America, are targets of the latest federal lawsuit against mortgage lenders that federal investigators say pushed its agents to approve loans for customers who could not afford them.

    October 25, 2012

  • John Hallé banks on new industries in Maine's wood basket

    James McCarthy October 15, 2012

    John Hallé plans to throw a party at the Great Northern Paper Co. mill in East Millinocket on the one-year anniversary of the paper mill's reopening later this month.

    James McCarthy October 15, 2012

  • Don Gooding trains Maine entrepreneurs

    Derek Rice October 15, 2012

    If it takes an entrepreneur to know one, then Maine's budding entrepreneurs are lucky that Don Gooding is executive director of the Maine Center for Entrepreneurial Development.

    Derek Rice October 15, 2012

  • CMP seeks to buy its preferred stock

    October 3, 2012

    CMP Group, Inc. is looking to acquire all of the company's 6% preferred stock in Central Maine Power Company from its current shareholders.

    October 3, 2012

  • New spinoff launched at The Jackson Laboratory

    Lori Valigra September 21, 2012

    The Jackson Laboratory has spun off the second business in its 80-year history, led by cancer researcher Kevin Mills.

    Lori Valigra September 21, 2012

  • Bank of Maine opens new branch

    September 12, 2012

    The Bank of Maine is scheduled to open its 33rd banking center in Falmouth on Wednesday, under the leadership of manager Jahnna Armitage.

    September 12, 2012

  • Credit union deploys video tellers to ATMs

    September 7, 2012

    The Bath-based Five County Credit Union is pushing ahead with new technology, bringing video tellers to some of the credit union's ATMs.

    September 7, 2012

  • Verso ends merger talks with NewPage creditors

    September 6, 2012

    The Jay-based Verso Paper Corp.

    September 6, 2012

  • Wright Express expands globally with $21.9M Brazil purchase

    August 31, 2012

    The South Portland-based payment processing firm Wright Express Corp. has acquired its second foreign company this year by taking a majority stake in UNIK, a Brazilian payroll card business.

    August 31, 2012

  • Regulators ink compliance deal with Bank of Maine

    August 29, 2012

    Federal regulators have inked an agreement with the Bank of Maine in an effort to resolve what they called "unsafe and unsound banking practices."

    August 29, 2012

  • Officials: Revamped Canadian mill will undercut Maine operations

    August 27, 2012

    Plans to reopen a shuttered Nova Scotia mill have some Maine paper industry officials concerned over the state's ability to compete with the government-subsidized operation.

    August 27, 2012

  • The Bank of Maine exceeds $600M financing goal

    August 22, 2012

    The Bank of Maine reported in a company press release Tuesday that it surpassed its goal of providing $600

    August 22, 2012

  • USDA invests $1.4 million in rural development

    August 17, 2012

    The U.S. Department of Agriculture's Rural Development program announced a number of Maine projects will receive a total of $1.4 million in investments, according to a release from U.S. Rep. Mike Michaud.

    August 17, 2012

  • CEI nets $1.45M to create jobs

    August 15, 2012

    Coastal Enterprises Inc., a Wiscasset-based nonprofit Community Development Corporation and Community Development Financial Institution, was awarded $1.45 million to help develop job-creating businesses in the farm, fish and forestry sectors, as w

    August 15, 2012

  • Bar Harbor completes purchase of Border Trust

    August 14, 2012

    Bar Harbor Bankshares announced on Monday that its principal subsidiary, Bar Harbor Bank & Trust, has completed the acquisition of Augusta-based Border Trust Co., a subsidiary of Border Bancshares Inc.

    August 14, 2012

  • Income, loans up at Bar Harbor Bankshares

    July 27, 2012

    Net income at Bar Harbor Bankshares increased 12% in the second quarter over the same period last year, the company recently announced. Its quarterly net income was $3.1 million, up $332,000 from the second quarter of 2011.

    July 27, 2012

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Today's Poll

Do you patronize farmers' markets in Maine?
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.

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