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The 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.
Pat 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
Gorham Savings Bank's LaunchPad program was started six years ago as a way for the bank to help startups who aren't in a position to get traditional bank financing.
Erica Schmitz, a consultant for a health care nonprofit, has been sewing her own clothes since 2013. The Portland resident found out she wasn't the only one frustrated with the lack of realistic online body-sketching templates, so she decided to
Gene Ardito, 58, is president and CEO of cPort Credit Union, which has more than $200 million in assets and over 21,000 members.
The owners of the Danforth Inn in Portland and the Camden Harbor Inn filed for Chapter 11 bankruptcy on March 28, a day before the establishments were set to be sold at foreclosure auctions.
The 114-year-old library's ongoing face lift includes help for windows and wall facing repair from the bank.
Bangor Savings Bank will continue its southward expansion, saying Thursday it plans to open a branch in downtown Portsmouth, N.H.
Lending at Maine's 56 credit unions grew by $355 million to $5.5 billion in 2017, an increase of nearly 7% over 2016, according to a year-end tally released by the Maine Credit Union League on Tuesday. Combined assets grew by more than $265 million
The Auburn-based food bank partnered with the Maine Credit Unions Campaign for Ending hunger as it renovates the former Bangor Daily News distribution building to better bring food to northern and eastern Maine.
Bangor Savings Bank has raised the minimum rate it pays employees in all positions to $15 per hour, effective Feb. 25.
Advocates at a public hearing on Thursday voiced strong support for a proposal by Gov. Paul LePage and Rep. Martin Grohman, I-Biddeford, to create a $50 million general obligation bond to offer no-interest student loans as well as loan refinancing.
Gorham Savings Bank is now accepting applications for its sixth annual LaunchPad small business competition in which small businesses compete for a $50,000 grant prize from the bank.
The Orono-based startup Cerahelix Inc., which produces an energy efficient water reuse technology, secured $2 million in financing to expand its sales and marketing efforts.
Numerous press reports have Toys R Us Inc. planning to either close or sell all of its more than 800 stores across the United States — which, if true, would result in the closure of the company's final toy store in Maine at 303 Maine Mall Road in
Camden National Bank, Maine's largest bank, said Monday it has opened a loan office in Portsmouth, N.H., building on its out-of-state footprint.