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Bangor Bancorp MHC, parent company of Bangor Savings Bank, completed its merger with a New Hampshire bank, adding four offices and $241 million in assets.
A 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.
When 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.
Gorham Savings Bank, the ninth-largest Maine-based bank, announced Monday that Christopher Emmons, president and CEO since 2003, will retire at year's end.
Maine's Bureau of Financial Institutions issued a warning Monday about a scam involving updates to financial institutions' online banking platforms.
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.