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Portland venture capital firm acquired by Midwest financial services company
William Hall February 22, 2021North Atlantic Capital Corp., co-founded in 1986 by David Coit and with headquarters in downtown Portland, will become part of Stifel Financial Corp., based in St. Louis.
William Hall February 22, 2021
Maine small businesses have received over $500M in PPP loans since January
Staff February 19, 2021New data from the federal government show more than 1,500 small businesses in the state were approved for nearly $100 million just last week.
Staff February 19, 2021VC funding in Maine plummeted last year, defying national trend
William Hall February 19, 2021Across the U.S., venture capital-backed companies received record-high funding in 2020, although the number of deals was down. In Maine, results were just the opposite.
William Hall February 19, 2021
Is 1031 all done? An investment tool, commercial real estate boon faces elimination
Maureen Milliken Updated: February 22, 2021Named after its IRS section code, the 1031 benefit allows an investor to put off capital gains tax and has been spurring commercial real estate transactions for decades. But that could change for high-income investors.
Maureen Milliken Updated: February 22, 2021
Retirement planning in the pandemic: Advisors counsel education, communication
Laurie Schreiber Updated: February 22, 2021The pandemic has devastated retirement savings for many Mainers, but three investment advisors say it's not too late to regroup and replan in order to get back on track toward long-term financial goals.
Laurie Schreiber Updated: February 22, 2021
Maine credit unions raise record amount to fight hunger
Staff February 12, 2021The Maine Credit Unions' Campaign for Ending Hunger raised $969,775 in 2020 for 260 food-based organizations, bringing the total to $10.4 million since the effort launched in 1990.
Staff February 12, 2021
TD Bank to close 3 Maine branches as part of 15-state streamlining
William Hall February 8, 2021A total of 81 branches, from Maine to Florida, are being shuttered in the next two months as the bank responds to the digital banking trend and the effects of the pandemic.
William Hall February 8, 2021
South Portland names COVID-era economic development award winners
Staff February 4, 2021South Portland changed its award categories this year to recognize resilience in the face of the pandemic; the seven winners will be honored in a Feb. 11 ceremony.
Staff February 4, 2021
Bank expansion heats up, and Chase’s Maine rollout isn't the only game in town
Renee Cordes Updated: February 8, 2021The entry of JPMorgan Chase into southern Maine's retail banking market, will make the crowded field more crowded, but other banks have expansion plans of their own. And they include the use of bricks and mortar.
Renee Cordes Updated: February 8, 2021
Building Business: In Windham, two financial institutions will partner on space
Peter Van Allen Updated: February 8, 2021Cross Insurance and Bangor Savings Bank will share a building on the "best corner" in the town, an arrangement that's unusual for both businesses. In other construction news, a spring groundbreaking is expected for a vertical greenhouse in Westbrook.
Peter Van Allen Updated: February 8, 2021
Bar Harbor Bankshares doubles Q4 year-over-year net income
Staff February 1, 2021Additional deposits and fee income, combined with lower levels of nonperforming loans, contributed to improved earnings in the fourth quarter.
Staff February 1, 2021
Northeast Bank earnings nearly double, driven by loan growth
Staff January 28, 2021The bank closed on its largest single loan pool purchase in its history, which helped generate $175.9 million in new volume. Northeast's assets declined slightly to $1.23 billion.
Staff January 28, 2021
Camden National reports 20% earnings increase for Q4
Staff Updated: January 27, 2021Net income for the fourth quarter of 2020 was up 20% over the same period in 2019, and earnings for the year ended with an increase of 4%. The bank holding company also reached a new record of $1 billion in mortgage originations.
Staff Updated: January 27, 2021
Katahdin Trust parent reports Q4 earnings up, announces stock buyback
Staff Updated: January 27, 2021Net income during 2020 totaled $9.5 million, an increase of $1.8 million over 2019. The total represented record earnings for the bank holding company.
Staff Updated: January 27, 2021First Bancorp posts 6.3% rise in annual earnings to record $27.1M
Renee Cordes January 21, 2021Earnings at the Damariscotta-based parent company of First National Bank rose to a record $27.1 million, while a branch acquisition completed in December added about $23 million in loans and $19 million in deposits to its balance sheet.
Renee Cordes January 21, 2021Maine lenders ready to begin new round of PPP loans, starting Friday
Staff January 14, 2021After much anticipation, many lenders can begin processing loans through the renewed Paycheck Protection Program as early as Jan. 15.
Staff January 14, 2021
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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