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Banking & Finance

  • MTI, Maine Venture Fund join MedRhythms' investors in $5M financing round

    Staff September 7, 2018

    Portland-based digital therapeutics startup MedRhythms said it has closed its $5 million venture-capital financing round with investments from the Maine Venture Fund and the Maine Technology Institute, among others.

    Staff September 7, 2018
  • Saint Joseph’s College lands $180K grant to spur interest in STEM fields

    Staff September 5, 2018

    Saint Joseph's College will receive a $182,845 grant from the National Science Foundation for the college's “Chemistry for the Community” initiative.

    Staff September 5, 2018
  • Horse protection nonprofit gets $200,000 charitable donation

    Staff August 29, 2018

    The Maine State Society for the Protection of Animals said Tuesday that it received a $200,000 grant to support its general operations and planned expansion of its equine rehabilitation facility in Windham.

    Staff August 29, 2018
  • KeyBank ramps up its residential mortgage business

    Staff August 29, 2018

    Key Bank has appointed Stephen F. Jordan as vice president, mortgage market manager, as part of a ramping up of its New England sales team to better serve clients seeking to buy homes in Maine and Vermont.

    Staff August 29, 2018
  • Lisbon expands its small-business base with strategic business loans

    August 27, 2018

    Lisbon, a town of more than 9,000 in eastern Androscoggin County, has given out nearly $400,000 in economic development loans in the past five years to grow its small-business base.

    August 27, 2018
  • Foundation awards grants to 31 Maine nonprofits

    Staff August 23, 2018

    The Frances Hollis Brain Foundation Fund at the Maine Community Foundation has awarded 31 grants totaling $175,740 to nonprofit organizations that serve disadvantaged, underserved, and/or vulnerable communities in Maine.

    Staff August 23, 2018
  • FAME approves financing for Thompson's Point project

    Staff August 22, 2018

    The board of Finance Authority of Maine approved a direct loan of $495,000 to Forefront Commons I LLC to help renovate a historic former rail building as part of a larger construction project at Thompson's Point in Portland.

    Staff August 22, 2018
  • Six businesses receive $530K in USDA Rural Development grants

    Staff August 21, 2018

    Six small businesses in southern Maine have received nearly $530,000 in federal grants from two USDA Rural Development programs.

    Staff August 21, 2018
  • SBA and MTI host event on federal grant funding for Maine small businesses

    Staff August 21, 2018

    The U.S. Small Business Administration and the Maine Technology Institute will host an event in Portland on Friday that will give Maine small businesses a chance to meet program managers and senior staff of federal agencies that provide grant

    Staff August 21, 2018
  • Franklin Savings launches $150K donation campaign for local nonprofits

    Staff August 21, 2018

    Franklin Savings Bank is celebrating its 150th anniversary by setting up a fund that will make donations to nonprofits in its coverage area.

    Staff August 21, 2018
  • CEI gets 4-star Aeris rating for its fund management, community impact

    Staff August 15, 2018

    Aeris, the independent rating and information service for community investment funds, has given strong ratings to Coastal Enterprises Inc. for its fund management and the social impact of its community investments.

    Staff August 15, 2018
  • KeyBank promotes Kelley to Maine market president

    Staff August 6, 2018

    Less than two months after the death of Sterling Kozlowski, KeyBank's Maine market president, the bank has named his successor.

    Staff August 6, 2018
  • Bangor Savings opens first of new waterfront buildings

    August 2, 2018

    Bangor Saving Bank opened the first building at its new waterfront headquarters.

    August 2, 2018
  • SBA's regional director touts programs to boost rural Maine

    James McCarthy August 1, 2018

    SBA's regional New England Administrator Wendell Davis drove up from Boston last week to see what Our Katahdin was up to at the shuttered Great Northern Paper mill site in Millinocket. He toured the mill site and then sat down with representatives

    James McCarthy August 1, 2018
  • Kelley steps up to become KeyBank’s Maine market president

    Staff July 31, 2018

    KeyBank announced Monday that Raymond T. (Chip) Kelley has been named its Maine market president, in addition to his current role as commercial sales leader for Maine, New Hampshire, and eastern Massachusetts.

    Staff July 31, 2018
  • Jeanne Hulit picked to lead Maine Community Bancorp

    Staff July 30, 2018

    Jeanne Hulit, who served as acting administrator of the U.S. Small Business Administration under President Obama, will take the reins of Maine Community Bancorp in October as its single president and CEO.

    Staff July 30, 2018

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