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Banking & Finance
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A Look Back: Going on two decades with a shortage of office space
June 27, 2019In this weekly feature sponsored by Norway Savings Bank, we look back at stories that have appeared in Mainebiz during our first 25 years. The Mainebiz issue of Jan. 24, 2000, shows that the shortage of office space in Portland isn't just a recent
June 27, 2019
MaineHousing revives program to spark affordable home construction
June 26, 2019AUGUSTA — MaineHousing has revived a pre-recession program designed to spur developers to build affordable single-family homes.
June 26, 2019
FAME greenlights financing for veterans' home, Millinocket library
June 24, 2019The Finance Authority of Maine approved financing for two projects last week: a new veterans' residential care facility in Augusta, and a library renovation in Millinocket.
June 24, 2019
Mills signs student loan bill of rights into law
Updated: June 21, 2019A bill signed into law by Gov. Janet Mills aims to protect borrowers from predatory lending and comes as the level of student debt rises in Maine and elsewhere.
Updated: June 21, 2019KeyBank deploys $95M to Maine communities
June 7, 2019Cleveland-based KeyBank’s 2018 corporate responsibility report shows that its community investments in Maine totaled $95 million over the past two years.
June 7, 2019
Casco Bay Creamery wins Gorham Savings’ LaunchPad competition
June 5, 2019Casco Bay Creamery, a Scarborough-based maker of butter and cream cheese, took the top $50,000 prize at Gorham Savings Bank’s LaunchPad competition.
June 5, 2019
Doors open on two Avesta projects that reuse historic buildings
June 5, 2019More than 100 people spilled out of the tent set up at Tuesday's ribbon-cutting for Avesta Housing's latest completed project — the 12-unit restoration of Mildred Fox School in South Paris.
June 5, 2019
CEI offers new lending option for aquaculture startups unable to secure traditional financing
June 3, 2019Coastal Enterprises Inc. has created a new loan product to help finance shellfish and sea vegetable growers who, for a variety of reasons, may not be able to access loans from traditional lending sources.
June 3, 2019
Maine Treasurer launches investor-relations site to attract more bond investors
June 3, 2019In advance of the upcoming $161.1 million state bond sale, Maine Treasurer Henry Beck launched an initiative on Monday that’s aimed at attracting more investors to the state’s municipal bond offerings. It’s a new corporate-style investor-relations
June 3, 2019Strong credit ratings assigned to Maine’s general obligation debt
May 31, 2019State Treasurer Henry Back announced today that Moody’s Investors Service and Standard & Poor’s Global Ratings, providers of global credit benchmarks, have affirmed their credit ratings and outlooks on the State of Maine’s general obligation
May 31, 2019
MaineHousing drops interest rate to attract more first-time homebuyers
May 31, 2019AUGUSTA — MaineHousing has dropped its base interest rate to 3.625%, down from 3.95%, beginning Saturday, June 1, to encourage more first-time home buyers, the agency said.
May 31, 2019
Bangor Savings launches 'Parking for a Cause' program to benefit 18 nonprofits
May 28, 2019Bangor Savings Bank is launching the “Parking for a Cause” program to benefit local nonprofits.
May 28, 2019
Startups from Portland and Orono win 2019 Top Gun Showcase competition
May 28, 2019Neuright, a biotech spinoff from the University of Maine, and Sticky Sweet, Portland’s first plant-based ice cream shop, are the winners of the 2019 Top Gun Showcase hosted by the Maine Center for Entrepreneurs on May 23 at the University of
May 28, 2019
Machias Savings Bank commits $50,000 to Machias airport capital campaign
May 24, 2019Machias Savings Bank kicked off the Machias Valley Airport Capital Campaign with a commitment of $50,000. The campaign is part of an effort by the town to raise $200,000 to put toward more than $5 million in airport improvements.
May 24, 2019
Katahdin Trust selected for ‘Housing Our Workforce’ program
May 23, 2019Katahdin Trust, a locally owned and managed community bank with 16 full-service branches throughout northern Maine, greater Bangor and the Portland regions, has been selected to participate in Federal Home Loan Bank of Boston’s “Housing Our
May 23, 2019
Town & Country Federal Credit Union's CEO sets his sights on under-40 market
Updated: May 27, 2019David Libby is president and CEO of Town & Country Federal Credit Union, Maine’s largest in terms of members. Today it has 122 employees and $385 million in assets. In this Q. and A. interview he talks about some of the credit union's
Updated: May 27, 2019
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