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The merger of Infinity and Deere Employees Credit Union creates a new financial cooperative with more than 60,000 members and $1.5 billion in assets.
Five finalists out of 150 applicants were selected to compete in Gorham Savings Bank's 2021 LaunchPad competition, which will take place on June 1.
Bangor Savings and Camden National, the largest Maine-based banks, ranked high on recent lists from Forbes magazine and J.D. Power Inc.
Guest columnist Renee Ouellette took over as president and CEO of University Credit Union just months before the pandemic. Her leadership style developed quickly, but she cautions that listening, being clear and being human are part of leading.
Fruit trees and nut shrubs will form an educational orchard that fits the environmental school’s overall mission.
Earnings in the quarter were driven by strong 8% annualized growth in commercial loans excluding PPP loans, higher wealth management and mortgage banking income, lower core non-interest expenses and a credit provision recapture.
First-quarter revenue decreased 5% to $410.8 million from $431.7 million a year earlier, while earnings per diluted share were 1% lower than the same period last year.
Diluted earnings per share were up 46% over the same period last year at $1.31, exceeding market expectations. Increases in mortgage lending as well as PPP loans boosted results.
Diane Sturgeon started her new job this week after nine years with the SBA's Maine District Office, most recently as deputy district director.
The Damariscotta-based bank holding company said its first-quarter income was the most ever, and also saw assets increase by over $75 million.
An increase in total assets provided a positive start to 2021, the bank said. Profit improvements included additional fee income derived from Paycheck Protection Program loans and growing net interest income.
Guest author April Paradis, an HR specialist at Bank of America, says that investing in women in business has been especially important during the pandemic, when nearly 1-in-4 women have considered leaving the workforce.
WEX unveiled an agreement to acquire benefitexpress, a provider of configurable, cloud-based benefits administration technologies and services. The transaction is expected to close in the second quarter.
A free, virtual reception will recognize seven remarkable Mainers who have helped shape the state's economic vitality over the past year. The event includes a real-time networking session.
JPMorgan Chase & Co. (NYSE: JPM) will fill in a hole left by a former Krispy Kreme in Saco as it moves ahead with its retail banking rollout in southern Maine.
A program of the U.S. Small Business Administration isn't widely known, but provides fixed-rate, long-term loans as secondary financing for eligible businesses. For some, it's become a critical part of their expansion plans.
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 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 MoreWork 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 MoreWhether 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 moreThe 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 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.
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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