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Banking & Finance
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York County Federal Credit Union members OK merger with Atlantic FCU
February 14, 2019With more than 2,100 ballots cast, the members of York County Federal Credit Union have agreed to merge with Atlantic Federal Credit Union — with 86% voting “Yes.”
February 14, 2019
Maine credit unions raise over $792K to end hunger
February 14, 2019Credit unions from across Maine gathered in Freeport on Tuesday to celebrate the conclusion of the Maine Credit Union League's 2018 Campaign for Ending Hunger. The initiative, backed by all of Maine's 55 credit unions raised $792,900 — $52,000 more
February 14, 2019Orono company raises more than $1M in early stage venture capital
February 8, 2019CourseStorm, an Orono company that offers an online class registration and enrollment management service, announced Thursday it completed a $1.15 million early series round of financing.
February 8, 2019
February 6, 2019
Six projects receive funds in ninth round of Coastal Community Grant Program
February 1, 2019Six projects from South Portland to Stonington were awarded state Department of Agriculture Conservation and Forestry grants that will help provide support for projects ranging from identifying ways to reduce flood damage to protecting working
February 1, 2019
Dream Local Digital raises $725K of early stage venture capital
January 31, 2019Dream Local Digital, a fast-growing digital marketing company based in Rockland, completed a $725,000 Series A round of financing in an oversubscribed round co-led by CEI Ventures with Maine Venture Fund, Maine Technology Institute, Bangor Angels
January 31, 2019
Court grants Lincoln hospital right to pay wages and bills during Ch. 11 proceedings
January 31, 2019Documents filed at U.S. Bankruptcy Court for the District of Maine in the Chapter 11 bankruptcy case by Penobscot Valley Hospital reveal that the Lincoln hospital owes up to $10 million to more than 1,000 potential creditors.
January 31, 2019
Swish-Out charity basketball event raises $45K for Maine Children’s Cancer Program
January 30, 2019A charity basketball tournament on Sunday sponsored by Town & Country Federal Credit Union raised $45,000 for children with cancer and their families, bringing the event's 25-year total to $525,000.
January 30, 2019
Former Wells Fargo advisors open Steward Partners' first office in Maine
January 25, 2019Several former Wells Fargo financial advisors, who collectively bring with them $338 million in client assets, have opened a new office in Portland through an affiliation with Steward Partners Global Advisory LLC, an employee-owned full-service
January 25, 2019
Digital online banking trends prompt KeyBank to close four Maine branches
January 24, 2019The move to digital and online banking has prompted KeyBank to close four of its 49 branches in Miane within the next few months.
January 24, 2019
Saco Island West LLC lands $4M bridge loan for 'micro apartments' project
January 24, 2019GenX Capital Partners LLC, a Miami-based direct lender for commercial real estate transactions, announced Wednesday that one of its investors out of Boston helped close a $4 million bridge loan to help Saco Island West LLC complete its redevelopment
January 24, 2019
The Telling Room chosen as 2019 TD Beach to Beacon 10K beneficiary
January 24, 2019The TD Beach to Beacon 10K Road Race has chosen The Telling Room, a nonprofit writing center based in Portland that empowers youth through writing, as its 2019 race beneficiary.
January 24, 2019Could 2019 see more bank mergers? Some forecasters say 'yes'
January 21, 2019Maine's banking community has been relatively stable in recent years, without a lot of major upheaval from bank mergers.
January 21, 2019
Workforce issues take center stage at Mainebiz 'Five on the Future' panel
January 16, 2019Finding, recruiting and retaining workers continues to top the list of concerns across Maine industries, panelists agreed at Tuesday's Mainebiz “Five on the Future” program in Portland.
January 16, 2019
Boston Fed's Fuhrer sees modest growth for 'Goldilocks point' economy
January 15, 2019Jeffrey C. Fuhrer, executive vice president and senior policy adviser at the Federal Reserve Bank of Boston, said he sees U.S. economic growth continuing apace for the time being despite recent volatility in financial markets.
January 15, 2019
Northeast Bancorp announces corporate reorganization, plans merger with its bank subsidiary
January 7, 2019Northeast Bancorp (NASDAQ: NBN) announced today a reorganization plan to merge with its wholly owned bank subsidiary, Northeast Bank.
January 7, 2019
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