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Machias Savings names its fourth new regional chief
Renee Cordes Updated: December 18, 2020Jack Lufkin, previously with NBT Bank, will serve as Machias Savings Bank's regional senior vice president for the southern market, which includes Cumberland County.
Renee Cordes Updated: December 18, 2020
JPMorgan Chase readies retail bank expansion into Maine
Renee Cordes Updated: December 14, 2020The first of five branches in southern Maine is slated to open in June, to be followed by one in Westbrook during October and three others at locations to be determined by the end of 2022.
Renee Cordes Updated: December 14, 2020
More Maine employers to host diverse law interns
Renee Cordes December 10, 2020Two more law firms along with WEX and The Jackson Laboratory join the Maine Diversity Summer Associate Program launched by the state's three largest law firms this year.
Renee Cordes December 10, 2020
Skowhegan Savings' southern Maine commercial expansion gets a home
Maureen Milliken December 9, 2020By spring, a former tanning salon on Marginal Way in Portland will be a Skowhegan Savings Bank business center, catering to the bank's growing southern Maine commercial clientele.
Maureen Milliken December 9, 2020
Hampden-based credit union unveils leadership succession plan
Renee Cordes Updated: December 4, 2020In a two-step transition announced this week, Maine Savings Federal Credit Union Chief Operating Officer Vanessa Madore will succeed John Reed as president and CEO by January 2023.
Renee Cordes Updated: December 4, 2020
Cash crunch: FAME takes more risks than ever to help businesses weather the pandemic
Laurie Schreiber Updated: November 30, 2020When the pandemic hit the state and began affecting businesses, the Finance Authority of Maine took a bold step to help: $15 million in direct loans and commercial loan insurance. Officials at the quasi-independent state agency hope it's enough.
Laurie Schreiber Updated: November 30, 2020
Banking on women: Maine banks get more strategic about gender balance on their boards
Renee Cordes Updated: November 30, 2020Increasingly, women hold board and senior executive positions at Maine financial institutions, which they say not only reflects diverse stakeholders but also makes good business sense. Some portions of the glass ceiling, however, remain intact.
Renee Cordes Updated: November 30, 2020
What 11 Maine business, nonprofit leaders are thankful for in 2020
Renee Cordes Updated: November 25, 2020From enjoying the outdoors to supportive communities, here's what movers and shakers from around the state told Mainebiz they appreciate most ahead of the holiday.
Renee Cordes Updated: November 25, 2020
Central Maine bank merger gets green light from regulators
Renee Cordes Updated: November 25, 2020Kennebec Savings Bank and Kennebec Federal Savings and Loan Association expect to complete their merger in the first quarter of 2021 after receiving approval from the Maine Bureau of Financial Institutions this week.
Renee Cordes Updated: November 25, 2020
FAME approves additional Saddleback financing as resort prepares to reopen
Staff Updated: November 24, 2020Financing is expected to benefit area business and help stimulate the local economy and increase tax revenues. The resort, which is Maine's third-largest ski area, will reopen this season after being closed for five years.
Staff Updated: November 24, 2020
Portland remote-work startup raises $2.1M to fund further growth
Renee Cordes Updated: November 23, 2020The latest funding round for the Friday platform was led by Bessemer Venture Partners, a San Francisco-based venture capital firm that's helped more than 120 companies go public including Shopify, Yelp, LinkedIn and Twitter.
Renee Cordes Updated: November 23, 2020
Giving Notebook: Maine in top 10 for charitable giving, credit union awards $25K
Renee Cordes Updated: November 19, 2020This roundup of charitable giving in Maine features how the state measures up in a WalleHub ranking, and the recipients of Town & Country Federal Credit Union's Good Neighbor Fund grants for 2020.
Renee Cordes Updated: November 19, 2020
Westbrook food truck entrepreneur wins Fork Food Lab’s ‘empowerment’ scholarship
Staff November 17, 2020The scholarship was established to address the racial-economic gap that inhibits Black, Indigenous and people of color from starting food businesses in Maine.
Staff November 17, 2020
Machias Savings bulks up leadership to pursue growth, keep community links
Renee Cordes Updated: November 13, 2020The plan includes a newly created role of chief banking officer, a chief data analytics and products officer and four new regional senior vice president positions. Three of those four have been named.
Renee Cordes Updated: November 13, 2020
Bangor Savings' acquisition of Damariscotta B&T gets final OK
Staff November 12, 2020The deal, a year in the making, is expected to close by the end of this month. The combined company will have assets of $5.9 billion and more than 60 bank branches.
Staff November 12, 2020
Westbrook's Rock Row adds 3 tenants to Market Basket area on Main Street
Maureen Milliken November 10, 2020Firehouse Subs, Big Fin Poke and a Chase bank branch will open in buildings near the Market Basket anchor property, part of the first phase of the 100-acre mixed-use development now under construction in Westbrook.
Maureen Milliken November 10, 2020
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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