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Banking & Finance
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Grant program gives Portland businesses $10,000 each to create a new job
Alexis Wells January 8, 2025The Portland Development Corp. awarded 10 Portland businesses a total of $100,000 in grant funding from the city's Community Development Block Grant program.
Alexis Wells January 8, 2025
Skowhegan Savings continues to reshape C-suite with promotion of chief operating officer
Alexis Wells January 7, 2025Skowhegan Savings Bank has promoted Vicki Alward to executive vice president and chief operating officer.
Alexis Wells January 7, 2025
After retirement of longtime CFO, Kennebec Savings makes key promotion
Alexis Wells January 6, 2025Kennebec Savings Bank has promoted Nicolas Patenaude to senior vice president, chief financial officer and treasurer.
Alexis Wells January 6, 2025
Camden National completes acquisition of Granite State peer
Renee Cordes January 3, 2025The combined institution has total assets of around $7 billion and 73 branches in Maine and New Hampshire.
Renee Cordes January 3, 2025
Kennebec Savings CFO to retire after 41 years in banking
Alexis Wells January 3, 2025Debbie Getchell, Kennebec Savings Bank’s senior vice president and chief financial officer, retired on Dec. 31 after a 41-year career in finance.
Alexis Wells January 3, 2025
Gorham Savings completes merger with Maine Community Bank
Renee Cordes January 2, 2025The enlarged bank, now known as Maine Community Bank, employs more than 370 people, and has branches in Cumberland, Androscoggin and York counties.
Renee Cordes January 2, 2025
Bank of America names Tedford Housing as Neighborhood Champion
Laurie Schreiber Updated: January 6, 2025Tedford was awarded a $50,000 grant over two years, leadership training for the executive director, access to technical coaching and a network of nonprofit peers.
Laurie Schreiber Updated: January 6, 2025
Maine M&A momentum in 2024 spanned industries from manufacturing to financial services
Renee Cordes Updated: December 31, 2024Some Maine companies bulked up through acquisitions, while others were targets for buyers.
Renee Cordes Updated: December 31, 2024
From mergers to mascots, this was a busy year for Maine banks and credit unions
Renee Cordes Updated: December 24, 2024Here are 10 Mainebiz news and feature articles on Maine bank and credit unions published in 2024.
Renee Cordes Updated: December 24, 2024
Bah, humbug: Layoffs, closings and other 'hard' news in 2024
Renee Cordes Updated: December 27, 2024Maine businesses had their share of rough patches in 2024.
Renee Cordes Updated: December 27, 2024Two national retailers with a Maine presence are going out of business
Alexis Wells December 23, 2024Two retailers with a Maine presence are going out of business.
Alexis Wells December 23, 2024
Camden National gets green light from regulators for Granite State acquisition
Renee Cordes Updated: December 26, 2024Camden National expects to complete the $86.6 million all-stock deal for Conway, N.H.-based Northway Bank by Jan. 2.
Renee Cordes Updated: December 26, 2024
Bar Harbor Bank names relationship manager for a Kennebec County branch
Alexis Wells Updated: December 23, 2024Bar Harbor Bank & Trust has hired Eliberta Cummings as branch relationship manager at the South China branch.
Alexis Wells Updated: December 23, 2024
Katahdin Trust names commercial services officer with retail background
Alexis Wells December 19, 2024Katahdin Bankshares Corp. has hired Tom Dwyer as assistant vice president and commercial services officer.
Alexis Wells December 19, 2024
Show me the money: UMaine business students' investment fund passes $5M
Laurie Schreiber December 18, 2024The club earned first place in the value portfolio category at the Quinnipiac Global Asset Management Education Forum, the largest student-run financial conference in the world.
Laurie Schreiber December 18, 2024
$23M earmarked for affordable housing rentals in Maine
Peter Van Allen Updated: December 19, 2024The round of funding from the Federal Home Loan Bank of Boston will go toward the creation or preservation of more than 450 units of affordable rental housing in Maine.
Peter Van Allen Updated: December 19, 2024
Today's Poll
In the latest installment of our “Made in Maine” series, we visit the Gorham studio of textile designer Erin Flett, who has turned her after-hours basement side hustle into a well-known brand with a national wholesale network.
Nationwide, side hustlers started a record number of businesses during the pandemic. Today, a growing number of younger professionals are supplementing their income with a side job, as shown in a survey by Bankrate, the personal finance website. It found that 34% of Gen Zers (ages 18 to 28) have a side hustle, outpacing millennials (31%), Gen Xers (23%) and boomers (22%).
While some people can turn their side gigs into profitable businesses, others keep hustling their entire working lives – or have neither the time nor the interest to do so.
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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