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Banking & Finance
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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
Tilson lands $100M investment to support growth of nationwide 5G rollouts
April 10, 2019Tilson, the fast-growing Portland-based network deployment and IT professional services firm, announced Tuesday has completed a transaction through which funds managed by SDC Capital Partners LLC will invest up to $100 million in the company.
April 10, 2019
Down East Credit Union hires new CFO
April 8, 2019Down East Credit Union named Matthew Fleming as its new chief financial officer.
April 8, 2019
TD Charitable Foundation awards grant to help Maine veterans
April 4, 2019The TD Charitable Foundation, TD Bank's charitable arm, has awarded a $5,000 grant to Easterseals to support care coordination and emergency assistance to veterans in Maine.
April 4, 2019
Skowhegan Savings Bank's president and CEO to retire
April 2, 2019Skowhegan Savings Bank announced today that John Witherspoon, president and CEO, will retire at the end of the year. David Cyr, executive vice president, has been appointed by the bank's board of directors as the bank's new president.
April 2, 2019
KeyBank’s Kelley sees BB&T-SunTrust merger triggering M&A ‘carousel’
Updated: April 1, 2019Chip Kelley is Maine market president of KeyBank, which is based in Cleveland and in Maine has 47 branches and close to $2.5 billion in deposits. He succeeded Sterling Kozlowski, who died suddenly in June 2018.
Updated: April 1, 2019
Financial services firms roll out digital video ads in Maine and beyond
Updated: April 1, 2019Nalja Frayha, Unum’s Portland-based senior vice president and chief marketing officer, readily admits the employee benefits provider operates in a “boring” industry.
Updated: April 1, 2019
Elevators to success: How pitch programs prepare start-ups for traditional funding
Updated: April 1, 2019Last year North Spore Mushroom Co., a Westbrook startup, won top prizes in back-to-back competitions — $100,000 in Greenlight Maine’s entrepreneurial pitch contest and $50,000 in Gorham Savings Bank’s small business competition LaunchPad.
Updated: April 1, 2019
cPort Credit Union lists $2M condo in Portland's East End
March 27, 2019Portland's cPort Credit Union is selling a $2 million luxury condominium on the top two floors of its newest branch, located in Portland's East End.
March 27, 2019
WEX Inc. caps another record year, in strong position of growth for 2019
March 21, 2019It was another record year for WEX, which said its fourth quarter revenue of $381.2 million represented a 15% increase from $331.6 million in 2017's fourth quarter.
March 21, 2019
Growing Acadia Federal Credit Union to open Bangor Broadway branch
March 15, 2019The Fort Kent-'based credit union says growth in the Bangor area prompted the addition, and the branch will open in October.
March 15, 2019
Wells Fargo gave $372,900 to Maine nonprofits in 2018
March 14, 2019Wells Fargo & Co. said it gave $372,900 to Maine nonprofits, schools and community organizations in 2018, including $45,000 in employee-driven donations.
March 14, 2019
Scratchpad Accelerator gets $150K boost from Bangor Savings
March 13, 2019Bangor Savings Bank will invest $150,000 over three years in the Bangor-based Scratchpad Accelerator run by University of Maine Business School professor Jason Harkins and serial entrepreneur Lisa Liberatore.
March 13, 2019
Skowhegan grant money will set Kennebec on 'fire'
March 13, 2019The Kennebec River in Skowhegan will light up for special events, the result of a $75,000 grant from the Maine Arts Commission to Main Street Skowhegan. A three-year Creative Communities Economic Development implementation grant will be used to
March 13, 2019
Portland cannabis software company prepares for national expansion
March 12, 2019A year-old Portland software company that focuses on the cannabis and hemp industry is getting ready to launch a second round of financing in order to expand nationally in a rapidly increasing market.
March 12, 2019
Bangor Savings Bank makes Forbes' 'World's Best' rankings
March 12, 2019Bangor Savings Bank is the only Maine-based bank in the first-ever “World's Best Banks” rankings released by Forbes in a partnership with market research firm Statista.
March 12, 2019
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