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Banking & Finance
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As customers switch to apps, banks struggle to maintain customer service edge
April 11, 2022A new study by J.D. Power shows that, while nearly half of customers have switched to banking apps, banks are struggling with the "twin forces" of digital transformation and rising inflation.
April 11, 2022
Downeast pitch-off prize goes to a spicy business in Winter Harbor
April 7, 2022"Mutha" made a special blend of barbecue dry-rub spices. “All of a sudden, it hit me like a runaway lobstah trap,” the founder of Bub 'n Mutha's says. “We can’t keep this discovery a secret.”
April 7, 2022
Brunswick rocket-maker exceeds crowdfunding goal, continues search for Downeast site
April 6, 2022Twenty-three percent of investors were from Maine. The campaign allows the company to immediately begin work on fuselage design and a telemetry system.
April 6, 2022
People's United Bank, including 17 Maine branches, acquired by M&T Bank
Updated: April 4, 2022The combined company employs more than 22,000 people and has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C.
Updated: April 4, 2022Northeast Bank to close Buckfield branch
April 1, 2022The Portland-based bank plans to close its Buckfield location, leaving seven other Northeast branches in Maine.
April 1, 2022
How to select the right financial partner for a medical practice
Updated: April 4, 2022A contributing expert writes about what steps to take when you're investing in a medical practice, and resources available for help.
Updated: April 4, 2022
Small loans with a big impact: Microlending is fueling a macro range of businesses
Updated: April 4, 2022For fledgling businesses, loans of up to $50,000 can have a make-or-break impact, and are available through some nonprofits, community-based financial institutions and local economic development councils.
Updated: April 4, 2022
Teller talent wars: Maine banks, credit unions get more strategic about filling entry-level jobs
Updated: April 4, 2022As the competition for finding entry-level talent heats up, Maine financial institutions have had to up their recruiting game.
Updated: April 4, 2022
Maine Venture Fund pledges up to $750K for Roux Institute startups
March 30, 2022The state-sponsored VC firm has pledged up to $250,000 annually over the next three years to support startups planning to grow in Maine. MVF also will use the Roux Institute as a Portland co-working office.
March 30, 2022
Portland wealth management firm promotes founding team member to president
Updated: March 30, 2022Helen Andreoli has been promoted to president of Great Diamond Partners, which is led by CEO Steve Tenney; she will continue to serve as CFO.
Updated: March 30, 2022
How inflation will affect businesses in the foreseeable future
Updated: March 25, 2022Guest columnist Kenneth J. Entenmann, chief economist at NBT Wealth Management, says inflation will be an issue into next year, but that the supply chain issues and labor shortages should improve in coming months.
Updated: March 25, 2022
Mainebiz names 2022 Business Leaders of the Year
March 21, 2022The annual awards recognize commercial and nonprofit leaders for exceptional contributions to Maine and Maine's economy. The 2022 recipients represent an array of industries and regions — from housing to handbags, from Portland to Skowhegan.
March 21, 2022
Eastport mustard mill-museum looks for new life with $2M renovation
March 14, 2022Raye’s Mustard Mill, the last remaining stone-ground mustard mill in North America, already attracts visitors but now plans to invest in a museum building.
March 14, 2022
Avesta receives $250K grant from TD Bank to fund affordable housing efforts
March 9, 2022The nonprofit developer, based in Portland, was one of 33 organizations receiving a total of $5.8 million in affordable housing support. Housing organizations have been on the front lines of the affordability crisis and the pandemic.
March 9, 2022
University of Southern Maine erases $2M in student debt
March 9, 2022The school has forgiven debts of more than 750 current and former students unable to pay their college bills during the pandemic.
March 9, 2022
Katahdin Trust parent posts flat earnings for 2021
March 3, 2022The parent of Katahdin Trust Co. posted flat earnings for 2021, as higher expenses offset gains from the Paycheck Protection Program.
March 3, 2022
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