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Banking & Finance
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The County Federal Credit Union hires CFO with diverse financial experience
November 6, 2023The County, ranked No. 7 among the largest Maine-based credit unions, has appointed Brad Wolverton as its next chief financial officer.
November 6, 2023
Camden National Q3 earnings slide on sale of securities, higher interest rates
November 2, 2023Net income fell 21% from the second quarter, and the company said it sold some of its investments in response to rising interest rates.
November 2, 2023
Four entrepreneurs to pitch in Skowhegan business lab competition
Updated: October 30, 2023Opera, IT, a publishing imprint and Québécois food are the focuses of Skowhegan’s latest business lab.
Updated: October 30, 2023
Newsworthy people and performances for Oct. 30, 2023
Updated: October 30, 2023Mainebiz presents a roundup of the new hires, promotions and achievements from businesses and nonprofits around the state.
Updated: October 30, 2023
Bookclubs startup to start next chapter with $50K LaunchPad prize
October 25, 2023The winner, a returning finalist from 2022, is a Camden tech business that helps users start, manage or join a book club. Amply Energy, of Cumberland, was crowned the Emerging Business Award winner.
October 25, 2023
Retail loan growth boosts Q3 results at First National Bank parent company
Updated: October 20, 2023Damariscotta-based First Bancorp reported third-quarter net income of $7.5 million, representing a 1.1% increase over a year earlier.
Updated: October 20, 2023
Norway Savings Bank expands management team
Updated: October 17, 2023Norway Savings Bank, ranked No. 7 among the largest Maine-based banks, has promoted Melissa Rock, Ryan Dillingham and Frank Farrell.
Updated: October 17, 2023-
Maine Savings' next CIO brings 10 years of industry experience
October 15, 2023Adam Kavanagh has worked in the credit union industry for more than a decade. He is also an active member of the Maine Credit Union League's Compliance Council.
October 15, 2023 
Newsworthy people and performances for Oct. 16, 2023
Updated: October 16, 2023New hires, promotions and achievements from businesses and nonprofits around Maine.
Updated: October 16, 2023
How to make cashless payments work for your nonprofit
Updated: October 4, 2023Guest columnist Lucie Hannigan at Machias Savings Bank lays out the case for going cashless.
Updated: October 4, 2023
How to think strategically about philanthropy
Updated: October 5, 2023Charitable giving is always welcomed, but there are some key strategic steps to address before making a gift, writes Caitlin F. DiMillo, a client advisor at Spinnaker Trust.
Updated: October 5, 2023
Bangor Savings Bank promotes 3 regional managers
September 29, 2023Laura Blake, Mike Yerxa and Jake Knight take on more senior roles at Bangor Savings, which is the largest Maine-based bank according to assets.
September 29, 2023
LaunchPad lineup unveiled for October business-pitch contest
Updated: September 29, 2023Five finalists will compete onstage for the chance to win a $50,000 grand prize.
Updated: September 29, 2023
'Reckless' and unnecessary: Looming federal shutdown sparks business concerns in Maine
Updated: September 29, 2023Business leaders are worried about the impact of a protracted federal shutdown on some sectors and the state's economy as a whole.
Updated: September 29, 2023
40 Under 40: Andrew Cook is a banker who's focused on more than dollars and cents
Updated: October 2, 2023In addition to his leadership of Mascoma Bank's growing presence in Maine, Andrew Cook devotes himself to volunteer work with the American Heart Association.
Updated: October 2, 2023
Boston Fed chief cites margin pressure as challenge for Maine banks
Updated: September 25, 2023"You're seeing increased margin pressure related to competition for deposits, and competition from new market entrants," Susan M. Collins told the Maine Bankers Association at its annual meeting.
Updated: September 25, 2023
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