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Banking & Finance
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Machias Savings matches previous gift to MDI Hospital
April 4, 2023The latest donation comes on top of a $10,000 donation in 2022 to support workforce efforts at the Mount Desert Island health care provider.
April 4, 2023
Op-ed: Labor dysfunction leads to pain in the pocket
March 31, 2023Guest columnist Ken Entenmann, chief economist at NBT Bank, says experiences of retailers or restaurants curtailing their hours are part of larger issues with a tight labor market. As he says, "the labor market looks more dysfunctional than strong."
March 31, 2023
Tips for Maine bank depositors worried about turmoil
Updated: April 3, 2023"Look to diversify" is one piece of advice from experts interviewed by Mainebiz.
Updated: April 3, 2023
Dirigo Labs' second business pitch competition will feature 11 startups
Updated: March 31, 2023This year's pitch-off, scheduled for May 4 at the Maine Film Center in downtown Waterville, features 11 startups in the program's second cohort.
Updated: March 31, 2023
Op-ed: Maine banks remain strong
March 30, 2023Guest authors Blaine Boudreau and Jim Roche, banking industry officials in Maine, write that "what happened in California and New York is highly unlikely to ever happen here in Maine."
March 30, 2023Town & Country FCU beefs up leadership team
Updated: March 31, 2023Town & Country Federal Credit Union, with four southern Maine offices, has added a CFO and a chief innovation officer.
Updated: March 31, 2023
New hires, promotions and achievements for April 3, 2023
Updated: April 3, 2023A roundup of new hires, promotions and achievements at companies and nonprofits throughout Maine.
Updated: April 3, 2023
Checks and balances: Maine banks, believers in safety first, may face bumpy ride if turmoil escalates
Updated: April 3, 2023In the wake of the Silicon Valley Bank collapse, the consensus is that Maine banks are well-capitalized and diversified, with sufficient buffers to prevent the panicked run that unraveled SVB. But the outlook gets murky if the current turmoil
Updated: April 3, 2023Maine’s financial services industry remains strong
Updated: April 3, 2023Thanks to the fallout from the Silicon Valley Bank failure, Maine bankers are having to answer to financial problems that stemmed out of the tech industry. But Maine bankers say they the state's institutions are on safer ground.
Updated: April 3, 2023
Mortgage veteran joins Kennebunk Savings as Sanford branch manager
Updated: March 24, 2023Jason Errington has worked as a mortgage underwriter, assistant branch manager and branch manager.
Updated: March 24, 2023
Maine Angels raise another $2M for early-stage investments
Updated: March 27, 2023The Dirigo Angel Fund II raised $2.03 million for a new round of early-stage investments.
Updated: March 27, 2023
Slowed by supply chain issues, Atlantic FCU at last opens Westbrook branch
March 21, 2023Construction on the Atlantic Federal Credit Union branch began in October 2021, but the company faced many challenges due to supply chain issues. “It has been an odyssey, but well worth the effort," said Scott Chretien, president and CEO.
March 21, 2023
Camden National Bank promotes from within to fill new DEI position
Updated: March 15, 2023Kate Bellmore will continue in Camden National's talent acquisition department while leading the bank’s DEI efforts.
Updated: March 15, 2023
In response to Silicon Valley scare, Maine bank regulator says sector is 'healthy'
Updated: March 14, 2023As markets were rattled Monday by the failure of California's Silicon Valley Bank, Maine's top banking watchdog offered assurances that there's no danger of contagion here.
Updated: March 14, 2023
Northeast Bank adds SVP of community banking development
March 9, 2023Stevan Stromsky is a veteran banker hired as the new senior vice president of the community banking development office.
March 9, 2023
Maine Marathon names nonprofit beneficiaries for 2023
Updated: March 9, 2023This year's race beneficiaries include the Ecology School in Saco and three other nonprofits.
Updated: March 9, 2023
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