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Banking & Finance
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Banks see boost in quarterly earnings
October 29, 2019Three banks doing business in Maine — Northeast Bank, Katahdin Bankshares and NBT Bancorp — reported gains in earnings for the recent quarter.
October 29, 2019
$14.8M in HUD grants will help state reduce lead dangers in housing stock
October 21, 2019Portland, Biddeford, Lewiston and MaineHousing will share federal grant money that will help reduce the danger of lead-based paint and other lead hazards, a project that will include 750 households.
October 21, 2019
Machias makes a comeback, after decades of decline
Updated: October 14, 2019With a $5 million capital improvement campaign for its airport underway, another $5 million going toward a new banking facility, and new businesses coming to town, Machias is exuding a new sense of optimism.
Updated: October 14, 2019
Maine Harvest Credit Union, nation's first to focus on agriculture, opens
October 9, 2019The Unity-based credit union is aimed at closing the $180 million financing gap for states farmers, food producers and other agriculture-related entrepreneurs.
October 9, 2019
Historic preservation tax incentives generated millions for Maine in 2018
October 3, 2019A Rutgers University study found the Federal Historic Preservation Tax incentive program added $19 million to Maine's gross domestic product in 2018, and $41.3 million in goods and services output.
October 3, 2019
South Portland mortgage firm CFO leaves for Mass. bank job
October 2, 2019Paul Musgrove, chief financial officer of South Portland-based Residential Mortgage Services Inc., has left the company to become CFO at Main Street Bank in Marlborough, Mass.
October 2, 2019
Husson, Bangor Savings team up to offer free college courses for bank employees
September 30, 2019Bangor Savings Bank employees will be able to take up to six undergraduate courses at Husson University every calendar year free of charge, or one course in every seven-week term.
September 30, 2019
Inside the new Waterville Opportunity Zone 'megafund'
September 25, 2019The fund, created by the Central Maine Growth Council, is designed to better leverage investment for the city's Opportunity Zone, rather than one project, and is the first to be created by an economic development entity in New England.
September 25, 2019
Infinity Federal Credit Union calls off merger with Illinois CU
September 25, 2019Infinity Federal Credit Union, the 18,000-member Maine banking services cooperative that had planned to merge with Vibrant Credit Union of Illinois, has walked away from the deal.
September 25, 2019
A month after changing its geography, Changing Seasons FCU changes its CEO
September 18, 2019Rob Picard has been hired as president and CEO, succeeding Sue Cross, who is retiring after nine years with the Hampden-based federal credit union.
September 18, 2019
Gorham Savings opens Yarmouth branch in restored rail depot
Updated: September 17, 2019Following the year-long restoration of a historic rail depot, Gorham Savings Bank on Monday opened its newest branch in Yarmouth.
Updated: September 17, 2019
Delayed mixed-use Damariscotta development lands Camden National
Updated: September 11, 2019Delayed by a moratorium and lawsuit, the 30,000-square-foot office and retail development on Main Street in Damariscotta is ready for tenants.
Updated: September 11, 2019Kennebunk Savings' insurance division acquires Buxton agency
September 3, 2019The property and casualty insurance subsidiary of Kennebunk Savings Bank has acquired Kimberly M. Elwell Insurance LLC, an agency in Buxton, for an undisclosed price.
September 3, 2019
Maine Harvest Credit Union, state's first to focus on farmers, gets official 'go'
August 26, 2019The state's first credit union to open in three decades and the first ever to focus on agriculture, Maine Harvest Federal Credit Union, has received a federal charter.
August 26, 2019Bangor-area credit union expands to 2 counties
Updated: August 20, 2019After decades of serving the Bangor area, Hampden-based Changing Seasons Federal Credit Union has tweaked its charter in order to expand its geographic reach.
Updated: August 20, 2019
Days after merger, Infinity FCU is expanding again
Updated: August 19, 2019Less than two weeks after announcing its merger with an Illinois credit union, Westbrook-based Infinity Federal Credit Union is adding a fifth branch, off U.S. Route 1 in Scarborough.
Updated: August 19, 2019
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