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Banking & Finance
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Bankruptcy filings at post-recession low, but trouble's seen on the horizon
November 26, 2018This year is shaping up to have the lowest number of bankruptcies since before the recession.
November 26, 2018
More banks enter Portland market — each having bold growth ambitions
November 26, 2018Commercial banking in Portland is revved up for its next act with two industry stalwarts — one global, one from Downeast — setting up new offices and teams here.
November 26, 2018As banks scramble for market share, businesses scramble for loans
November 26, 2018I was assigned the banking beat way back in the Savings & Loan crisis of the early 1990s and several years later worked for American Banker at a time when leveraged buyouts and dot-com deals were making headlines.
November 26, 2018
Camden National Bank, a nine-time FAME ‘Lender at Work’ awardee
November 20, 2018The Finance Authority of Maine presented Camden National Bank with it “Lender at Work for Maine” award at its annual Showcase Maine event in Portland. The award category was reserved for lenders with over $1.5 billion in assets.
November 20, 2018
SBA’s Maine office’s lending activity declines 23% in 2018
November 20, 2018The U.S. Small Business Administration guaranteed over $83 million in loans to small businesses in Maine that otherwise would not have had access to capital during fiscal year 2018. That figure represents a 23% decline from 2017's reported loan
November 20, 2018FAME recognizes Androscoggin Bank for its commercial lending
November 19, 2018The Finance Authority of Maine recognized Androscoggin Bank with its Lender at Work for Maine Award at the FAME 35th anniversary "Showcase Maine" event. The annual celebration recognizes FAME's successful partnerships with Maine's business, lending
November 19, 2018
Front Street Shipyard's Building 6 now 'open for business'
November 9, 2018A 22,500-square-foot facility that enhances Front Street Shipyard's ability to work on large vessels at its Belfast yard is now open for business.
November 9, 2018
Camden National named a national ‘leader’ in customer experience
November 8, 2018Camden National Bank is one of five U.S. banks named as a 2018 Greenwich CX Leader, a designation based on scores that exceed the industry benchmarks by a specific margin for overall customer satisfaction, likelihood to recommend and likelihood to
November 8, 2018
FAME to honor Front Street Shipyard, three others at Showcase Maine Awards
November 5, 2018The Finance Authority of Maine next week will honor a Belfast shipyard and marina, a nonprofit educational group and two Maine-based banks at the state agency's 35th annual meeting and celebration of its business partnerships.
November 5, 2018
Camden National Bank awards $22K in Leaders & Luminaries grants to nonprofits
November 2, 2018Camden National Bank on Thursday announced $22,000 in grants to its six outstanding nonprofit board leaders as winners of the 2018 Leaders & Luminaries Awards.
November 2, 2018
Led by Elevate Capital venture fund, Minnow closes $1.2M seed round
October 30, 2018Minnow, the developer of the first internet-of-things-enabled food pickup kiosk that helps restaurants manage online and delivery orders, announced Monday that it closed a $1.2M seed round led by Portland, Ore.-based Elevate Capital.
October 30, 2018
Bar Harbor Bank & Trust dips its toe in Portland market
October 29, 2018Two former NBT Bank executives, Daryl Wentworth and Joe Delano, have joined Bar Harbor Bank & Trust and will work out of the planned commercial loan office in Portland.
October 29, 2018
JPMorgan the newest kid on the block in Maine commercial banking
October 26, 2018JPMorgan Chase & Co. (NYSE: JPM), the global financial services powerhouse with $2.6 trillion in assets, has a new commercial banking presence in Maine led by industry veteran Michael Griffin.
October 26, 2018
First-ever credit union devoted to farmers and food producers achieves funding goal
October 16, 2018Maine Harvest Credit Project has reached its $2.4 million fundraising goal, calling it a critical milestone in becoming Maine's 56th credit union and the country's first-ever to lend exclusively to farmers and food entrepreneurs.
October 16, 2018
Bar Harbor Bank & Trust plans to open a Portland loan office
October 5, 2018Establishing its first brick-and-mortar presence in Cumberland County, Bar Harbor Bank & Trust will open a commercial loan office in Portland and plans to announce the site in the coming weeks.
October 5, 2018Pitch-contest season moves into high gear
October 1, 2018Maine's start-up community seems to thrive on the annual pitch contests.
October 1, 2018
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