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Banking & Finance
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How small businesses can navigate a successful digital transformation
Updated: January 8, 2024A U.S. Bureau of Labor Statistics study showed 57% of Maine businesses reported having no telework arrangements before or early in the pandemic. Businesses continue to adapt to the change, writes guest columnist Jason Lundy, a business banker.
Updated: January 8, 2024
How to find and work with a lender for ESOP financing
Updated: January 5, 2024Studies show ESOP participants have higher retirement account savings than non-ESOP counterparts and also have better job security, writes guest columnist Jay Hood, chief lending officer at Machias Savings Bank.
Updated: January 5, 2024
2024 Forecast: Liquidity ‘top of mind’ at Maine credit unions
Updated: January 8, 2024Cris Wescott, interim president and CEO of the Maine Credit Union League, believes the recession fears of a year ago have receded but does not expect significant economic growth in Maine in 2024.
Updated: January 8, 2024
Newsworthy people and performances for Jan. 8, 2024
Updated: January 8, 2024New hires, promotions and achievements at Maine businesses, nonprofits and health care organizations.
Updated: January 8, 2024
Bar Harbor Bank names relationship manager for Rockland branch
January 3, 2024Bar Harbor Bank & Trust has appointed Hazel Young as assistant vice president and branch relationship manager for the bank’s location in Rockland.
January 3, 2024
Norway Savings Bank adds trust officer to asset management group
January 2, 2024Rachael Billings has been named as a vice president and senior trust officer of its asset management group.
January 2, 2024
$5M investment to help Penobscot County firm produce sustainable ‘biochar’
December 28, 2023Biochar, a charcoal-like material, is produced by heating organic matter to an extremely high temperature in a low-oxygen environment. The biochar can then store carbon for thousands of years. By putting biochar back into the earth, the carbon is
December 28, 2023
Norway Savings donates $1M to nonprofits in 2023
December 27, 2023Out of the total, $750,000 was paid out this year, while the remaining $305,500 will be distributed in the form of multi-year grants, according to the bank.
December 27, 2023
'Buckle up, Maine': 2024 business predictions span space to sports
Updated: January 2, 2024To kick off the new year, Mainebiz asked more than a dozen movers and shakers from different sectors for their 2024 business predictions. The prognostications offer much food for thought.
Updated: January 2, 2024
Year in review: Maine innovation & technology news in 2023
Updated: December 26, 2023From "Fitbit for cows" to food-delivery robots, here are 10 stories about innovation and technology published in 2023.
Updated: December 26, 2023
Maine flood victims flock to GoFundMe crowdfunding platform
Updated: December 21, 2023The for-profit platform, which bills itself as an “easy way to raise money” from friends and family, has become a resource for Mainers affected by this week's flooding.
Updated: December 21, 2023
Commentary: With mixed economic signals, perfection rarely materializes in the financial markets
December 18, 2023A late-year rally on Wall Street is good news for investors, but there's still uncertainty in the economic outlook, writes guest columnist Kenneth J. Entenmann, chief economist at NBT Bank.
December 18, 2023
Year in review: Mainebiz print edition covers in 2023
Updated: December 27, 2023All covers are designed by Mainebiz Art Director Matt Selva, who racked up four more design awards this year. They include two from the Alliance of Area Business Publishers and two from the New England Newspaper and Press Association.
Updated: December 27, 2023
Outgoing Camden National Bank CEO predicts more industry consolidation
Updated: December 18, 2023Greg Dufour, set to retire as president and CEO of Camden National Bank on Dec. 31, said his own institution's approach to growth has been "deliberate, disciplined and opportunistic."
Updated: December 18, 2023
Suspect nabbed after Skoweghan Savings Bank robbery in Portland
Updated: December 14, 2023The robbery took place in the city's East Bayside neighborhood Wednesday morning, and police arrested the suspect a half hour later.
Updated: December 14, 2023
Camden National Bank promotes two to senior leadership roles
December 8, 2023Camden National Corp., with $5.7 billion in assets, has 58 banking centers and additional lending offices in New Hampshire and Massachusetts.
December 8, 2023
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