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Banking & Finance

  • MTI awards $272K in seed grants

    July 23, 2012

    The Maine Technology Institute has awarded more than $272,000 to 14 companies as seed grants for early-stage research and development, according to a press release. Seed grant recipients are:

    July 23, 2012

  • What your small business lender wants you to know

    Alison Hinson July 23, 2012

    At some point during your life as a small business owner (or an aspiring business owner), you will find yourself sitting across the desk from a small business lender.

    Alison Hinson July 23, 2012

  • The new chairman of the Maine Bankers Association checks in

    Derek Rice July 23, 2012

    The global financial crisis of 2008 brought many changes in the banking industry, particularly in the area of mortgages.

    Derek Rice July 23, 2012

  • Earnings drop, other results strong for Katahdin Trust

    July 20, 2012

    Katahdin Bankshares Corp., parent company of Katahdin Trust Co., today announced a drop in its second-quarter earnings compared with the same period last year.

    July 20, 2012

  • The First has best Q2 in three years

    July 19, 2012

    Damariscotta-based The First Bancorp reported a 4.1% rise in net income for the second quarter of the year, though income for the first half of the year fell slightly over 2011.

    July 19, 2012

  • Camden National branch acquisition gets OK

    July 18, 2012

    Federal regulators have approved Camden National Bank's acquisition of 15 Bank of America branches in Maine.

    July 18, 2012

  • Rockland Savings faces lawsuit over theft

    July 17, 2012

    Rockland Savings Bank is facing legal action after an employee allegedly used her position at the bank to embezzle money from her relatives. One family member who lost at least $95,000 sued the bank last month.

    July 17, 2012

  • Digital gifting co. raises $5M

    July 11, 2012

    Portland-based CashStar, a digital gift card and incentives company, announced today it has raised $5 million in funding to help drive new growth.

    July 11, 2012

  • Border Trust acquisition wins regulatory approval

    July 10, 2012

    The Federal Deposit Insurance Corp. has approved Bar Harbor Bankshares' application to acquire Augusta-based Border Trust Co. The Maine Bureau of Financial Institutions has already signed off on the deal, paving the way for its completion.

    July 10, 2012

  • Seeking trade opportunities beyond our borders requires financial savvy

    Sterling Kozlowski President, Maine District, Keybank July 9, 2012

    I have received many inquiries over the past few months related to Europe's stability, the growth of emerging countries and what that might mean for Maine businesses.

    Sterling Kozlowski President, Maine District, Keybank July 9, 2012

  • Verso courts NewPage, but deal appears dead

    July 5, 2012

    A deal by Verso Paper to merge with bankrupt rival NewPage may be off nearly as soon as it was announced. Verso has Maine operations in Jay and Bucksport, while NewPage has a mill in Rumford.

    July 5, 2012

  • Camden National selling branch to The First

    July 2, 2012

    The First bank, a subsidiary of Damariscotta-based The First Bancorp Inc., is buying Camden National Bank's branch at 63 Union St. in Rockland and acquiring the deposit accounts there.

    July 2, 2012

  • Bangor Savings sees record earnings for 11th year

    June 26, 2012

    Bangor Savings Bank saw record earnings for the 11th year in a row, as well as strong loan production totals and significant growth in customer deposits. The company announced its fiscal-year results at its annual meeting on June 25.

    June 26, 2012

  • How to tell if crowdfunding is right for your business

    Greg Fryer And John Burns Maine Small Enterprise Growth Fund, Board Director And Fund Manager, Respectively June 25, 2012

    If you own or are starting a small business, we don't have to tell you how tough it is to raise capital from outside investors. Persuading someone to risk money on your company is difficult enough.

    Greg Fryer And John Burns Maine Small Enterprise Growth Fund, Board Director And Fund Manager, Respectively June 25, 2012

  • Katahdin Trust opens Bangor branch

    June 14, 2012

    Katahdin Trust Co. has expanded its presence in the Bangor area with the opening of its newest branch.

    June 14, 2012

  • Investment program seeks rural jobs

    Randy Billings June 11, 2012

    Maine Senate Republicans recently announced an increase in the cap to tax credits for certain rural development projects in the state's new $250 million New Markets Capital Investment Program.

    Randy Billings June 11, 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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