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Banking & Finance
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Jeanne Hulit picked to lead Maine Community Bancorp
July 30, 2018Jeanne 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.
July 30, 2018
Former Paris elementary school to be turned into senior affordable housing
July 27, 2018Norway Saving Bank has donated $20,000 towards a $3.1 million Avesta Housing initiative to turn a former school in downtown Paris into affordable housing.
July 27, 2018
Bar Harbor Bankshares boosts commercial loans in second quarter
July 23, 2018Bar Harbor Bankshares (NYSE: BHB), parent company of Bar Harbor Bank & Trust, boosted its commercial loans in the second quarter — reporting its GAAP earnings of $8.5 million were 55 cents per share, compared with $6.6 million, or 42 cents per
July 23, 2018
Androscoggin Bank unveils leadership succession plan
July 19, 2018Neil Kiely, named Thursday by Androscoggin Bank to succeed Paul Andersen as president and later as CEO, plans to switch gears from internal improvements at the Lewiston-based community bank to enhancing service to clients.
July 19, 2018
Pitch contest winnings to help North Spore Mushroom Co. scale up its operations
July 9, 2018North Spore Mushroom Co. won $100,000 in the “Greenlight Maine” Season 3 entrepreneurial pitch contest.It's the second of Maine's major pitch contests won by the Westbrook mushroom farm, which sells specialty mushroom growing kits.
July 9, 2018MedRhythms exceeds $4M goal in Series A financing round
July 2, 2018MedRhythms, a Portland-based company that combines sensors, neuroscience and music to help people recover from neurologic injury or disease, announced Friday it raised $5 million in an oversubscribed Series A Financing round.
July 2, 2018
North Spore Mushroom wins Greenlight Maine finale
June 27, 2018North Spore Mushroom Co., an urban mushroom farm based in Westbrook, won $100,000 in Greenlight Maine's Season 3 entrepreneurial pitch contest, whose finale featured pitches by Forager, North Spore and Zootillity.
June 27, 2018
Maine Credit Union League elects 2018-19 officers
June 25, 2018The Maine Credit Union League's board elected new officers for 2018-19 at the organization's 80th annual meeting and convention in Portland.
June 25, 2018
Weigel, McKim to lead Maine Bankers Assoc.
June 20, 2018At the 125th annual meeting of the Maine Bankers Association in South Casco, member banks elected Patricia Weigel, president and CEO of Norway Savings Bank, to head the association beginning July 1.
June 20, 2018
Bangor Saving closes FY 2018 in position of strength
June 19, 2018Investments in infrastructure and growth in core accounts helped Bangor Savings Bank earn a net income of $23.9 million for the 2018 fiscal year that ended March 31. The bank finished the fiscal year with $3.8 billion in assets and more than 200,000
June 19, 2018
Gorham Savings celebrating 150 years with 150 days of giving
June 18, 2018Gorham Savings Bank, in celebration of its 150th anniversary, plans to grant up to $150,000 of wishes over the next 150 days as part of a community giving program called “Wish Tree.”
June 18, 2018
Sterling Kozlowski, KeyBank’s Maine market president, passes away
June 12, 2018Sterling Kozlowski, Maine market president for KeyBank, died on Saturday, the bank said Monday.
June 12, 2018
Maine Credit Union League backs bill to protect legal cannabis from feds
June 11, 2018The Maine Credit Union League is supporting a bill introduced Thursday in the U.S. Senate that would remove the threat of federal prosecution in Maine and other states that have legalized recreational and medical marijuana use.
June 11, 2018
MaineHealth earns strong credit ratings ahead of issuing bonds for $512M expansion
June 11, 2018Two credit rating agencies have affirmed the strong financial position of MaineHealth, northern New England's largest health care system, as the organization readies itself to borrow for an expansion project at its flagship hospital, Maine Medical
June 11, 2018Brien Walton named CEO of Acadia Capital Management CDE consortium
June 8, 2018Brien Walton, director of Husson University's Center for Family Business, has been named chairman and CEO of the Acadia Capital Management consortium of Community Development Entities.
June 8, 2018
North Spore wins $50K Gorham Savings' LaunchPad prize
June 6, 2018North Spore, a Westbrook startup that cultivates and sells mushroom-growing kits, beat four other finalists to win the coveted $50,000 Gorham Savings Bank LaunchPad prize on Tuesday evening.
June 6, 2018
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