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Banking & Finance
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On the Record: Jim Roche brings ‘fresh set of eyes’ to Maine Bankers Association leadership
Renee Cordes Updated: February 7, 2022The new president of the Maine Bankers Association shares his take on the health of Maine's banking sector and what he views as the industry's biggest challenges.
Renee Cordes Updated: February 7, 2022
Gorham Savings Bank names new COO
Jessica Hall February 2, 2022Dimitri Michaud has been named new chief operating officer, succeeding Dan Hunter, who has retired.
Jessica Hall February 2, 2022
Brunswick esports tech startup raises $750K
Renee Cordes Updated: February 3, 2022CEO Shaun Meredith said that he and his fellow co-founder "are deeply committed to growing a technology company in Maine."
Renee Cordes Updated: February 3, 2022
With its business growing in Penobscot County, First National Bank opens Brewer branch
Peter Van Allen February 1, 2022The Damariscotta-based banking firm now has two branches in the increasingly competitive Bangor-Brewer market.
Peter Van Allen February 1, 2022Maine Bankers Association's new recruitment campaign touts pay and benefits
Jessica Hall February 1, 2022The banking industry in Maine has launched a new recruitment campaign to help tackle hiring challenges.
Jessica Hall February 1, 2022
10 startups to vie for 'Greenlight Maine' glory in Season 7
Renee Cordes Updated: January 31, 2022Two Maine food entrepreneurs will kick off the new season of the TV business-pitch series on March 24. A total of 10 contestants are in the running.
Renee Cordes Updated: January 31, 2022
Katahdin Bankshares reports Q4 earnings down 43%, but flat results for the year
Staff Updated: January 28, 2022The Houlton-based parent company of Katahdin Trust Co. said the fall was partly due to lower income from Paycheck Protection Program loans. Earnings for 2021 were only slightly below the 2020 total.
Staff Updated: January 28, 2022
New financing help from FAME will support improvements at Saddleback
Staff January 27, 2022Total state commitment to the Saddleback project now totals $6.5 million. The ski resort is seen as an economic development driver for the Rangeley region.
Staff January 27, 2022
'Frothy' economy seen driving Maine M&A activity in 2022
Renee Cordes Updated: January 28, 2022M&A advisors forecast a busy dealmaking year for Maine companies in a variety of sectors.
Renee Cordes Updated: January 28, 2022
Camden National’s Q4 earnings fall, but rise 16% for the year
Jessica Hall January 25, 2022Camden National Corp.' s fourth-quarter earnings dropped due to a variety of factors, the company said. However, the company recorded net income of $69 million for all of 2021, a 16% increase over 2020's total.
Jessica Hall January 25, 2022
Credit rating agency ups the outlook for Northern Light Health
Staff Updated: January 24, 2022The recently completed construction project at Portland’s Northern Light Mercy Hospital helped convince credit rating agencies to improve their outlook on the parent health care system.
Staff Updated: January 24, 2022
Bar Harbor Bankshares posts 10% increase in earnings for Q4 2021
Staff January 21, 2022The parent of Bar Harbor Bank & Trust posted higher fourth-quarter earnings as the company aimed at reduced funding costs and growing its commercial loan business.
Staff January 21, 2022
TD Bank economist tells conference he sees ‘above-trend’ growth for US
Renee Cordes January 21, 2022At the Maine Real Estate & Development Association's annual forecast conference, James Marple told attendees the country's economic recovery is likely to continue this year. His outlook for real estate was bright too.
Renee Cordes January 21, 2022
First National Bank parent reports 2021 earnings jumped by nearly 34%
Staff January 20, 2022The Damariscotta-based bank holding company said net income increased 33.7% from the previous year to $36.3 million.
Staff January 20, 2022
Top Gun names 24 Maine startups for 2022 accelerator program
Renee Cordes Updated: January 19, 2022Participants represent a variety of sectors, from snowmobile technology to salt farming, and come from four regions of the state.
Renee Cordes Updated: January 19, 2022
Renovations on tap as Saco mortgage lender moves from lease to ownership
Laurie Schreiber January 9, 2022A residential mortgage lender in Saco has renovations underway on its new headquarters in a building dating back to the mid-1800s. The remodel will accommodate the business and also restore the original building.
Laurie Schreiber January 9, 2022
Today's Poll
Sponsored by: Kennebunk Savings Bank
With the official end of summer this past weekend, we're taking a look back at how the season unfolded.
Back in early August, we asked how the summer tourism season was going — and at the time, the majority of respondents told us it could be better. And remember, the season started very rainy and ended amid a drought.
Now that the season has wrapped up, we're checking in again to see how things ended. Did things improve? Did tourism pick up later in the summer, or did the season fall short of expectations?
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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