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Banking & Finance
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Farmingdale operations center to accommodate Maine State Credit Union growth
Laurie Schreiber Updated: February 8, 2024Added branches in the past two years have propelled growth in loans, deposits and the need for an eBranch call center, which handles over 300 daily calls.
Laurie Schreiber Updated: February 8, 2024
Chase Bank plans to make a bigger footprint in southern Maine
Renee Cordes Updated: February 7, 2024Chase, which has five branches in southern Maine to be followed by a sixth this year, plans to add another southern Maine location amid a nationwide expansion by the Wall Street banking behemoth.
Renee Cordes Updated: February 7, 2024
Norway Savings Bank expands management team with 11 promotions
Alexis Wells February 6, 2024Norway Savings Bank has promoted 11 employees into leadership positions.
Alexis Wells February 6, 2024
Partners Bank promotes seasoned banking exec to senior vice president
Alexis Wells February 5, 2024Stephen Sessler, who joined Partners Bank in 2019, has held leadership roles at U.S. Bank, SunTrust Mortgage and Camden National Bank.
Alexis Wells February 5, 2024
Maine State Credit Union makes 4 management promotions
Alexis Wells February 1, 2024Augusta-based Maine State Credit Union has promoted four employees to vice president and management positions.
Alexis Wells February 1, 2024Underwater mortgages just rose across the U.S., but Maine homes are staying dry
William Hall February 1, 2024More homes across the country have mortgages that far exceed their market value, but Maine ranks No. 2 among states with equity-rich properties.
William Hall February 1, 2024
KeyBank promotes Pennsylvania leader for Maine retail position
Alexis Wells February 1, 2024KeyBank has promoted Meagan Calhoun to the position of area retail leader for southern Maine.
Alexis Wells February 1, 2024
Camden National Bank posts 13% drop in Q4 earnings
Renee Cordes January 31, 2024The company said it sold lower-yielding investments at a loss in the third and fourth quarters in order to adjust its balance sheet and to improve future earnings and profitability.
Renee Cordes January 31, 2024
Bangor Savings will open its first Kennebunk branch
Laurie Schreiber Updated: January 31, 2024The expansion will serve the southern coast of Maine, and follows three branch openings and a fintech partnership over the past two years.
Laurie Schreiber Updated: January 31, 2024
Katahdin Trust parent company reports earnings uptick for 2023
Alexis Wells January 30, 2024Loan growth and increased net interest margin contributed to the results for the Houlton-based bank firm, which has 16 offices in three Maine counties.
Alexis Wells January 30, 2024
Maine Savings FCU names senior vice president of member experience
Alexis Wells January 29, 2024Stacey Young has joined the state's second-largest credit union after working in the banking and CU fields for more than 20 years.
Alexis Wells January 29, 2024
FAME approves financing for TimberHP, American Unagi
Laurie Schreiber Updated: January 29, 2024Both companies have launched first-in-the-U.S. products, and are now looking to scale up.
Laurie Schreiber Updated: January 29, 2024
First National Bank parent reports 24% earnings drop for last year
Laurie Schreiber 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.
Laurie Schreiber January 26, 2024
Bar Harbor Bank & Trust names branch manager for two MDI locations
Alexis Wells Updated: January 26, 2024Bar Harbor Bank & Trust has promoted Morgan Forni to assistant vice president, branch relationship manager.
Alexis Wells Updated: January 26, 2024
Bar Harbor Savings and Loan promotes two employees to VP positions
Alexis Wells 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.
Alexis Wells Updated: January 24, 2024
Kennebunk Savings Bank CEO announces retirement, and his successor
Alexis Wells 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.
Alexis Wells January 23, 2024
Today's Poll
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn More
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn More
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn more-
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
-
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
-
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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