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How to tell if crowdfunding is right for your business
June 25, 2012If 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.
June 25, 2012Katahdin Trust opens Bangor branch
June 14, 2012Katahdin Trust Co. has expanded its presence in the Bangor area with the opening of its newest branch.
June 14, 2012Investment program seeks rural jobs
June 11, 2012Maine 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.
June 11, 2012Portland-based FetchDog, founded by Glenn Close, sold
June 7, 2012FetchDog, a dog-accessory company co-founded by actress Glenn Close and her husband, David Shaw, has been sold to Potpourri Group Inc., a Chelmsford, Mass., catalog company. The sale price was not disclosed.
June 7, 2012Northeast public offering nets $53M
May 22, 2012Lewiston-based Northeast Bancorp yesterday closed its public offering of nearly 7 million shares of common stock. Net proceeds from the sale are expected to be approximately $52.8 million.
May 22, 2012Bank of America names new Maine president
May 15, 2012Bank of America has named Falmouth resident Bill Williamson its Maine state president, replacing Betsey Timm, who served as Bank of America state president since 2004.
May 15, 2012Wright Express acquires London co. for $27.5M
May 11, 2012South Portland-based Wright Express Corp. has acquired CorporatePay, a London-based corporate prepaid card company that serves the travel industry, for $27.5 million.
May 11, 2012Bath Savings reports record financial results
May 10, 2012Bath Savings Institution saw its fourth consecutive year of record financial results in 2011. Total assets grew to $636 million in its 160th year of business, according to a press release.
May 10, 2012Creditors seek repayment from bankrupt oil company
May 9, 2012Former customers of a bankrupt Augusta oil company attended a hearing yesterday in an attempt to recoup money they spent on heating fuel that was never delivered.
May 9, 2012Former MaineToday CEO named in complaint
May 9, 2012Former MaineToday Media CEO Richard Connor has been named a defendant in a bankruptcy proceeding for Brown Publishing Co. Liquidating Trust. The complaint claims Connor and others owe Brown Publishing $52,500 for money improperly received.
May 9, 2012Income up 4% at Camden National
May 7, 2012Camden National Corp. saw its net income rise 4% during the first quarter of the year. The parent company of Camden National Bank recently reported net income of $6.6 million, a $244,000 increase compared to the first quarter of 2011.
May 7, 2012Northeast Bancorp to sell 4.76 million shares
May 3, 2012Lewiston-based Northeast Bancorp, parent of Northeast Bank, today announced it has commenced a public offering of 4.76 million shares of its common stock. In addition, a selling shareholder is offering 149,952 shares of common stock.
May 3, 2012Bar Harbor Bank to acquire Border Trust
May 2, 2012Bar Harbor Bankshares has signed an agreement to acquire Augusta-based Border Trust and continue to operate all of its branches in Augusta, South China and Topsham.
May 2, 2012Northeast Bancorp reports net income
May 1, 2012Lewiston-based Northeast Bancorp, parent of Northeast Bank, has reported a net income of $168,000 for the quarter ended March 31. The company earned a net income of $1.1 million for the nine-month period that ended March 31.
May 1, 2012Record earnings at Bar Harbor Bankshares
April 30, 2012Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, has announced financial results for the three months ended March 31. The company reported record net income of $3.2 million, a 10.2% rise over the first quarter of 2011.
April 30, 2012County personal income up, except in Aroostook
April 26, 2012Personal income increased from 2009-2010 in all Maine counties except Aroostook, according to new data released by the U.S. Bureau of Economic Analysis.
April 26, 2012
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