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Banking & Finance
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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
Redevelopment of shuttered Millinocket mill gets $5.3M boost
September 28, 2018Developers of the former Great Northern Paper mill site in Millinocket will get federal aid to implement infrastructure improvements that will help them establish an industrial park.
September 28, 2018
LifeFlight of Maine a step closer to replacing aging helicopters
September 28, 2018Saco & Biddeford Savings Institution has donated $10,000 to LifeFlight of Maine in support of the emergency transport nonprofit's fundraising campaign to purchase two new helicopters.
September 28, 2018DEP grant will expand recycling and composting at workplaces
September 28, 2018The state Department of Environmental Protection has awarded $88,000 in grants to help six Maine companies and other organizations expand their waste recycling and composting efforts.
September 28, 2018
CEI will use federal grant to help Biddeford manufacturer grow
September 27, 2018A Biddeford manufacturer will create 30 jobs as part of a program funded with federal assistance.
September 27, 2018Bangor Savings to open Auburn branch
September 21, 2018Bangor Savings Bank plans to open its first branch in Auburn, its 61st overall. The 5,600-square-foot branch, at 170 Turner St., is expected to open in the late fall of 2019.
September 21, 2018
MTI, Maine Venture Fund join MedRhythms' investors in $5M financing round
September 7, 2018Portland-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.
September 7, 2018Saint Joseph’s College lands $180K grant to spur interest in STEM fields
September 5, 2018Saint Joseph's College will receive a $182,845 grant from the National Science Foundation for the college's “Chemistry for the Community” initiative.
September 5, 2018
Horse protection nonprofit gets $200,000 charitable donation
August 29, 2018The 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.
August 29, 2018
KeyBank ramps up its residential mortgage business
August 29, 2018Key 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.
August 29, 2018Lisbon expands its small-business base with strategic business loans
August 27, 2018Lisbon, 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, 2018Foundation awards grants to 31 Maine nonprofits
August 23, 2018The 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.
August 23, 2018
FAME approves financing for Thompson's Point project
August 22, 2018The 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.
August 22, 2018
Six businesses receive $530K in USDA Rural Development grants
August 21, 2018Six small businesses in southern Maine have received nearly $530,000 in federal grants from two USDA Rural Development programs.
August 21, 2018
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