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Banking & Finance
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First National Bank parent reports 24% earnings drop for last year
January 26, 2024The company's president and CEO said the year presented multiple challenges for the banking industry, including interest rate increases and concerns around failures of some large regional banks.
January 26, 2024
Bar Harbor Bank & Trust names branch manager for two MDI locations
Updated: January 26, 2024Bar Harbor Bank & Trust has promoted Morgan Forni to assistant vice president, branch relationship manager.
Updated: January 26, 2024
Bar Harbor Savings and Loan promotes two employees to VP positions
Updated: January 24, 2024Bar Harbor Savings and Loan Association has promoted Rhonda Sawyer to vice president and senior loan officer and Dawn Nason to vice president, compliance and information security officer.
Updated: January 24, 2024
Kennebunk Savings Bank CEO announces retirement, and his successor
January 23, 2024Bradford Paige will retire at the end of the year and be succeeded by the senior executive vice president and chief credit officer.
January 23, 2024
Commentary: Don't hinder online account protection
Updated: January 23, 2024Trust and security are at the core of services provided by banks, write guest authors Steve deCastro and Jim Roche. In the old days, that meant bank vaults. Today, most bank robberies happen online.
Updated: January 23, 2024
University Credit Union converts to community charter, expands to 11 Maine counties
January 22, 2024The financial cooperative, which opened on the University of Maine campus in 1967, had primarily served members of Maine academic institutions since then.
January 22, 2024
Saco & Biddeford Savings Institution makes management changes
January 19, 2024Saco & Biddeford Savings, which has seven branches in Maine, has recently completed a series of leadership changes.
January 19, 2024
Synergent, a Westbrook fintech for credit unions, names new president
January 18, 2024Randy Stolp brings over 22 years of credit union experience to his new role.
January 18, 2024
Newsworthy people and performances for Jan. 22, 2024
Updated: January 22, 2024A roundup of new hires, promotions and achievements from businesses, professional services firms, health care providers and nonprofits around Maine.
Updated: January 22, 2024
Strategies to help you take the first step to retirement planning — in your 20s
Updated: January 22, 2024Mainebiz spoke with experts in the finance industry on how to start saving in your 20s. Here are their tips to feeling less overwhelmed as you start to plan for the future.
Updated: January 22, 2024
Maine is starting 2024 in 'good shape,' state economist says
Updated: January 18, 2024“2023 ended on solid footing," Amanda Rector said at a Mainebiz forum on Wednesday. She cited the state's growing diversity as a sign of "new thoughts, new innovations coming into the workplace."
Updated: January 18, 2024
From med tech to skin care: Top Gun names 41 startups to 2024 lineup
Updated: January 16, 2024Program director Laurie Johnson said this is the first year that female entrepreneurs will outnumber their male participants in the business accelerator program.
Updated: January 16, 2024
Waldoboro eel grower American Unagi receives $1.5M investment
Updated: January 10, 2024American Unagi’s recirculating aquaculture systems facility is the first in the U.S. to grow Maine eels to market size.
Updated: January 10, 2024
Katahdin Trust parent announces $2M share buyback
Updated: January 10, 2024The Houston-based financial institution, owned by Katahdin Banskshares Corp., has more than $1 billion in assets.
Updated: January 10, 2024
Bangor Savings CEO: Interest rates expected to 'normalize,' and other 2024 predictions
January 8, 2024After 2023's wild ride for interest rate hikes, Bangor Savings Bank President and CEO Bob Montgomery-Rice expects rates to be more stable this year.
January 8, 2024
Lewiston company turns ownership over to employees, joining dozens of ESOPs in Maine
January 8, 2024Company stock ownership is seen as a way for employees to “benefit from the company’s prosperity.” More than 60 Maine companies are owned as ESOPs.
January 8, 2024
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