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Banking & Finance
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Maine Savings FCU names vice president of communications
Updated: October 1, 2024Maine Savings Federal Credit Union has promoted Steve Gray to the role of vice president of communications.
Updated: October 1, 2024
Brunswick-based Genesis Fund gets $1.8M for affordable housing, disability services
September 30, 2024The award is the largest Genesis has ever received from Treasury’s CDFI program, and could leverage another $8 million of community investment capital.
September 30, 2024
5 Maine startups vie for $50K prize in LaunchPad business pitch-off
Updated: September 30, 2024The small businesses, from a buckwheat snack brand to the developer of African-language learning app, will compete in next month's competition organized by Gorham Savings Bank.
Updated: September 30, 2024
FAME financing for Maine optics company may help retain, create jobs
September 27, 2024The $1 million loan will help with construction costs at the Portland facility, where operations and equipment are expected to move from a site in Arizona.
September 27, 2024
Mills invites applications for the Governor’s Award for Business Excellence
Updated: September 25, 2024The award highlights important contributions of the business community to Maine's economy, with a focus on innovation, rural revitalization, heritage industry and climate.
Updated: September 25, 2024
$65M in federal funds will expand tax credits for manufacturing growth in Maine, nationwide
September 24, 2024Since 2004, the organization has deployed over $1.11 billion in New Markets Tax Credits financing to over 100 businesses and developments across the country — and in the process, creating or preserving 12,662 jobs.
September 24, 2024
The County FCU names new retail services manager in its northern service area
Updated: September 27, 2024The County Federal Credit Union has promoted Dustin Graham, former Caribou branch manager, to retail services manager of the Northern Region.
Updated: September 27, 2024Saco-based credit union gets green light to expand
September 18, 2024PeoplesChoice Credit Union, currently open to members in Cumberland and York counties, has secured regulatory approval to add seven other counties to its field of membership.
September 18, 2024
Katahdin Trust names senior credit officer based at the Scarborough branch
Updated: September 17, 2024Katahdin Bankshares Corp., the Houlton-based parent company of Katahdin Trust Co., has hired Michelle Ritcheson as senior vice president and senior credit officer.
Updated: September 17, 2024
With Camden National deal and others in the works, bank mergers seen to be picking up
Updated: September 12, 2024One banking analyst tells Mainebiz he expects 'the momentum for mergers and acquisitions to accelerate over the next 18 to 24 months.'
Updated: September 12, 2024
Kennebunk Savings elects board chair with business experience on land and sea
Updated: September 11, 2024Lori Howell, a lawyer and co-owner of a shellfish company in Eliot, will lead the board after serving as vice chair since 2021.
Updated: September 11, 2024
With commercial loan growth in mind, Franklin Savings promotes underwriting officer
September 10, 2024Franklin Savings, which operates eight branches in Maine, has promoted Christopher Raymond to commercial underwriting officer.
September 10, 2024
Camden National to bolster NH presence with $86.6M deal for North Conway-based bank
September 10, 2024If approved by regulators, the deal for Northway Bank will give Camden National a total of 74 branches in Maine and New Hampshire.
September 10, 2024
Franklin Savings Bank makes promotion to executive VP, chief lending officer
September 5, 2024Franklin Savings Bank, which operates eight branches in Maine, has promoted Derek Hayes to executive vice president chief lending officer.
September 5, 2024Norway Savings Bank donates $5,000 to Norway Equitable Housing Cooperative
Updated: September 23, 2024The goal is to have 17 affordable, resident-owned housing units in downtown Norway available for area workers and their families.
Updated: September 23, 2024
First National donates $20,000 to Tedford Housing toward new emergency shelter
Updated: September 9, 2024On just over three acres, the building will increase shelter capacity by 60% and support case management and community resources.
Updated: September 9, 2024
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