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Banking & Finance
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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
$14M financing for Rock Row project will upgrade transportation links
March 7, 2019Developers of the Rock Row project in Westbrook have secured $14 million in bond financing for the two million-square-foot mixed-use development in an agreement that will pay for public infrastructure work that includes upgrades to Maine Turnpike
March 7, 2019
Gulf of Maine Research Institute receives $790K grant to study impact of warming ocean on key species
March 5, 2019The National Science Foundation awarded the Gulf of Maine Research Institute a $789,659 grant to examine the impact of a warming climate on growth and population patterns in cod and lobster in the Gulf of Maine.
March 5, 2019
Three Greenlight Maine finalists selected for $100,000 pitch-off competition
March 4, 2019Ocean's Balance of Biddeford, Flowfold of Gorham and American Roots of Westbrook are in the running for a $100,000 cash prize after being named finalists of Greenlight Maine Season 4 television series.
March 4, 2019
Gorham Savings Bank's new CEO targets summer opening for Yarmouth branch
March 4, 2019Steve deCastro is president and CEO of Gorham Savings Bank, which has over $1 billion in assets, 13 branches in Maine and close to 200 employees.
March 4, 2019
‘Greenlight Maine’ to reveal Season 4 finalists in its 100th episode
March 1, 2019“Greenlight Maine,” an entrepreneurial pitch contest offering a $100,000 prize, will celebrate its 100th episode this weekend and unveil its three Season 4 finalists.
March 1, 2019
Gorham Savings' LaunchPad application period launches
March 1, 2019Applications for Gorham Savings Bank's seventh annual LaunchPad small business competition opened Friday, and two new judges have been added.
March 1, 2019
Bangor wealth management firm under new ownership
February 25, 2019Bangor's Deighan Wealth Advisors, a member of the city's business community for 25 years, is under new ownership.
February 25, 2019
FAME financing propels development of Rumford hotel
February 25, 2019A 63-room Best Western hotel, that's intended to serve area lodging needs and help revitalize downtown Rumford and River Valley area, will get loan backing from the Finance Authority of Maine, whose board of directors approved 75% commercial loan
February 25, 2019Maine Savings Credit Union opens Portland branch
February 21, 2019The Forest Avenue location brings the number of branches for the Hampden-based lender to 11.
February 21, 2019
David Shaw creates new prize for this year's Top Gun entrepreneur competition
February 20, 2019David E. Shaw, managing partner of Black Point Group and co-founder of the publicly traded Maine companies Covetrus and IDEXX, will add an additional $25,000 prize to a winning entrepreneur in this year's Maine Center for Entrepreneurs' annual “Top
February 20, 2019Genesis Fund receives $1.165M grant to support affordable housing
February 19, 2019The Genesis Community Loan Fund, a Brunswick-based lender, was awarded $1.165 million through the U.S. Department of the Treasury's Community Development Financial Institutions Fund.
February 19, 2019Bankrupt Payless to close all its stores in Maine
February 19, 2019Payless ShoeSource Inc., a discount footwear retailer based in Topeka, Kansas, filed for voluntary Chapter 11 bankruptcy on Monday, announcing that it will liquidate more than 2,100 stories in the United States, including its remaining locations in
February 19, 2019
How to: Prepare for a business loan
February 18, 2019If you own a business, you know what it's like to see — and want to seize — an opportunity. And often, such opportunities require an infusion of capital.
February 18, 2019
Bangor Savings doubles down on its waterfront expansion
February 15, 2019As Bangor Savings Bank prepares to complete its move next week into its new 117,000-square-foot operations center at 11 Hamlin Way, the bank also made a strategic acquisition of a neighboring vacant building at 36 Pleasant St.
February 15, 2019
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