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Banking & Finance
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New Opportunity Zone rules make program more accessible for investors
May 2, 2019New Opportunity Zone rules issued April 17 by the U.S. Department of Treasury make the tax credit program aimed at increasing development in underserved areas more accessible for investors and communities that want to set up funds, said Brien Walton
May 2, 2019J.D. Power ranks Bangor Savings Bank best in New England for customer satisfaction
May 1, 2019For the fourth time in five years, Bangor Savings Bank has received the highest score among qualifying retail banks in the New England region in the J.D. Power 2019 Retail Banking Satisfaction Study.
May 1, 2019
After pay hike, BofA sees spike in call-center job applications in Maine
April 26, 2019Two weeks after Bank of America announced it will raise its minimum wage to $20 an hour by 2021, its top executive in Maine is reporting a bump in applications for call-center jobs.
April 26, 2019
Pitch competitions stoke Maine’s startup environment
Updated: April 29, 2019Maine has a flourishing support network for start-up and early-stage companies that’s rooted in the organic growth of industry clusters like aquaculture, electronic commerce, food and beverage, and financial technology.
Updated: April 29, 2019
Mergers have changed the face of banking in Maine
Updated: April 29, 2019Banks doing business in Maine in 1994 could be divided much the way they are now — the banks based in Maine and out-of-state banks with a large presence here. Many of the Maine-based banks are still around, if bigger, now. There have been some
Updated: April 29, 2019Investment will fuel Tilson’s rollout of 5G networks
Updated: April 29, 2019Portland-based Tilson will be in a stronger position to offer its national client base a wider range of products, from 5G rollouts to cutting-edge “internet of things” technology services — thanks to a recent investment of $100 million.
Updated: April 29, 2019
Hannaford, Infinity Federal Credit Union recognized for their work with immigrants
April 23, 2019Hannaford Supermarkets and Infinity Federal Credit Union will be recognized for their work with Maine’s immigrant communities by ProsperityME: The Center for Financial Education.
April 23, 2019
Maine bankers back federal marijuana banking bill
April 22, 2019Maine bank chiefs are backing a proposed federal measure that would allow legal marijuana and related businesses to access banking services, easing banks’ concerns about legal risk.
April 22, 2019
Digital innovation a priority for Maine credit union chief
April 21, 2019Advancements in digital payment and use of data to give clients better service are the next frontier for Maine’s credit unions, according to the industry’s chief representative in the state.
April 21, 2019
Maine Justice Foundation welcomes growing bank support for legal aid
April 18, 2019The Maine Justice Foundation said Sanford-based SIS Bank has signed on as a prime partner in a program to fund six providers of legal aid in the state.
April 18, 2019
Biddeford Savings and Mechanics Savings to consolidate into single charter bank
April 17, 2019Biddeford Savings and Mechanics Savings announced today that have filed a merger application with regulators to operate under a single charter as Maine Community Bank. The two banks will maintain their respective brand identities, as well as local
April 17, 2019
Iconic downtown Bar Harbor theater gets funding to continue its upgrade
April 17, 2019An iconic theater built in 1932 and located in downtown Bar Harbor has received grant funding to continue an upgrade that began in 2014.
April 17, 2019
UMaine Business Challenge announces winners of the 8th annual pitch contest
April 11, 2019An aquaculture company using innovation to farm oysters in Maine is among the winners of the 2019 UMaine Business Challenge presented by Business Lending Solutions this past weekend at the University of Maine in Orono.
April 11, 2019
Credit union trade group joins Australia study trip on financial co-ops
April 11, 2019Maine Credit Union League President and CEO Todd Mason joins a delegation of U.S. credit union industry representatives in Australia this week to study how financial cooperatives in that country are growing membership in an increasingly competitive
April 11, 2019A pioneering Opportunity Zone is already having an impact in Augusta
Updated: April 15, 2019Less than a year after Maine designated 32 areas as Opportunity Zones, GenX Capital Partners of Miami has closed on financing for the redevelopment of 333 Water St. in downtown Augusta.
Updated: April 15, 2019
MTI awards $1.5M in challenge grants to two emerging forest tech companies
April 10, 2019Two Maine companies will receive $750,000 grants from the Maine Technology Institute under the Emerging Technology Challenge for Maine's Forest Resources competitive grant program launched in December to boost Maine's rural forest-based economy.
April 10, 2019
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