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Banking & Finance
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In midst of merger, Infinity Federal Credit Union breaks ground on fifth branch
August 13, 2019Westbrook-based Infinity Federal Credit Union, which recently announced a merger with an Illinois credit union, is adding a fifth branch, off U.S. Route 1 in Scarborough.
August 13, 2019
Financing for Fido? Credit union unleashes pet loans
Updated: August 7, 2019With pet owners spending more money on their animal companions, a South Portland-based credit union is offering its members a helping paw in the form of pet loans.
Updated: August 7, 2019
Telling Room will use race proceeds to expand reach
Updated: August 6, 2019The Telling Room, a Portland-based nonprofit organization that seeks to empower youth through writing, is expanding its programs with the help of a $30,000 donation from the TD Beach to Beacon 10K road race.
Updated: August 6, 2019
Infinity Federal Credit Union to merge with Illinois peer
August 2, 2019Westbrook-based Infinity Federal Credit Union will become the East Coast hub of a merged business it's forming with Vibrant Credit Union of Moline, Ill.
August 2, 2019Study: Mainers' credit card debt averages $2,265
Updated: July 31, 2019The state-by-state study ranked Maine No. 29 in the sustainability of residents' average debt level. But the amount of debt is expected to swell dramatically nationwide.
Updated: July 31, 2019Bar Harbor, First National banks report Q2 earnings
July 22, 2019Quarterly net income declined year-over-year at Bar Harbor Bankshares, while assets and loan balances increased. Quarterly net income at First Bancorp was up by over 10%.
July 22, 2019
MaineHousing public forums will provide five-year plan feedback
Updated: July 18, 2019The housing authority, in the last year of its comprehensive plan, must gather information on the state's needs as required by the U.S. Department of Housing and Urban Development.
Updated: July 18, 2019
Kennebec Savings donates $100K to arts center planned in Waterville
July 16, 2019Waterville Creates! has received a gift of $100,000 from Kennebec Savings Bank in support of the community capital campaign for the Paul J. Schupf Art Center in downtown Waterville.
July 16, 2019
TD Bank's new regional chief focuses on growth, hiring
Updated: July 18, 2019Sheryl McQuade, TD Bank’s new regional president for northern New England, is aiming to expand the bank’s footprint, whether that's through new employees or new locations.
Updated: July 18, 2019
Camden National Bank pledges $250K for Pen Bay medical building
July 11, 2019The bank's pledge of $250,000 comes as work gets underway on the 41,500-square-foot medical office building, and adds to fundraising that has already collected 70% of the project costs.
July 11, 2019
Gorham Savings to leave Kennebunk, targets September opening in Yarmouth
Updated: July 9, 2019Gorham Savings Bank plans to close its small Kennebunk branch later this year, but targets a September opening in Yarmouth.
Updated: July 9, 2019Portland Water District issues first 'green' bonds
July 8, 2019The quasi-municipal agency said it will sell $6.5 million in bonds designated "green," signifying that they support environmentally beneficial projects. The color coding is catching on.
July 8, 2019
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, 2019
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