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Banking & Finance
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Nonprofits to receive $117K from Bangor Savings Bank Foundation
April 27, 2018A food pantry, library, pet rescue, children's museum and community band are among the grant recipients for the Bangor Savings Bank Foundation's 2018 Community Matters More program.
April 27, 2018People’s United Community Foundation awards $37K to Maine nonprofits
April 24, 2018People’s United Community Foundation, the philanthropic arm of People’s United Bank, awarded $37,029 to Maine-based nonprofits during its first grant cycle of 2018.
April 24, 2018Construction underway on Bangor Savings' new waterfront campus
April 24, 2018Construction of the new five-story, 116,000-square-foot Bangor Savings Bank headquarters is underway at 11 Hamlin Way on Bangor's waterfront, with completion expected by the end of January 2019.
April 24, 2018
Last beam goes up at cPort Middle St. branch building site
April 20, 2018Portland-based cPort Credit Union is on track to complete construction of a new branch at 35 Middle St. this year after putting up the last beam at the site on Wednesday.
April 20, 2018
MTI awards $10.9M in technology grants to seven Maine firms
April 17, 2018The Maine Technology Institute has completed the full disbursement of the $45 million technology bond approved by voters last June, awarding $10.9 million in challenge grant awards to seven Maine companies.
April 17, 2018Maine's top 3 banks making their presence known in N.H. (and beyond)
April 16, 2018Maine's top three banks are making inroads in the Granite State. Bangor Savings Bank's parent, Bangor Bancorp MHC, completed its acquisition of the holding company for Granite Bank, which had four offices and $241 million in assets.
April 16, 2018Katahdin Trust offering grants to help eligible homebuyers
April 11, 2018Katahdin Trust Co., a Houlton-based bank with 16 branch offices, was once again selected to participate in the Federal Home Loan Bank of Boston's Equity Builder Program, which assists local homebuyers with down-payment and closing costs as well as
April 11, 2018
Colby building buy is step forward for Camden National Bank too
April 10, 2018The purchase of the Camden National Bank building at 33 Main St. in Waterville, the sixth the college has bought downtown, is part of its plan to develop a hotel, and the bank will move into the new Alfond Commons building.
April 10, 2018
Colby College buys Camden National building to add to hotel plan
April 10, 2018Colby College is buying the Camden National Bank building at 33 Main St. in Waterville, which is adjacent to the lot where it plans to build a hotel as part of that project. The bank will move into the building the college is constructing three
April 10, 2018
Bangor Savings Bank completes merger with Granite Bank
April 9, 2018Bangor Bancorp MHC, parent company of Bangor Savings Bank, completed its merger with a New Hampshire bank, adding four offices and $241 million in assets.
April 9, 2018
Kennebec County farmer gets key startup support from lending co-op
April 5, 2018A Readfield farmer credits Farm Credit East's FarmStart program with providing the working capital and business advice that have helped him establish what is now a 300-acre diversified farm of livestock, vegetables and hay.
April 5, 2018
WalletHub puts Maine at seventh best in financial literacy
April 5, 2018When it comes to financial literacy, Maine is No. 7 in the country, according to a WalletHub survey of 50 states and the District of Columbia released this week.
April 5, 2018
Christopher Emmons set to retire from Gorham Savings Bank
April 3, 2018Gorham Savings Bank, the ninth-largest Maine-based bank, announced Monday that Christopher Emmons, president and CEO since 2003, will retire at year's end.
April 3, 2018Maine's Bureau of Financial Institutions warns about online banking scams
April 3, 2018Maine's Bureau of Financial Institutions issued a warning Monday about a scam involving updates to financial institutions' online banking platforms.
April 3, 2018
As Maine agriculture evolves, farm financers aim to keep up
April 2, 2018The farm finance sector is evolving along with Maine's farmers. Start-up farms have been established in sync with consumer interest in locally sourced foods — and older farmers are retiring, meaning farmland is available.
April 2, 2018
A sea change is happening in opportunities for women in Maine's banking industry
April 2, 2018Pat Weigel broke the banking industry's glass ceiling in Maine when she became Norway Savings Bank's first female president and CEO in 2001. Since then, an increasing number of women are moving into top-level executive positions both at Norway
April 2, 2018
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