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Banking & Finance
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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, 2018Gorham Savings readies LaunchPad for another season
April 2, 2018Gorham 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.
April 2, 2018
Bootstrapping 101: Financing a startup is about more than just money
April 2, 2018Erica 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
April 2, 2018
cPort Credit Union CEO Gene Ardito talks about building membership, attracting talent
April 2, 2018Gene Ardito, 58, is president and CEO of cPort Credit Union, which has more than $200 million in assets and over 21,000 members.
April 2, 2018Danforth Inn, Camden Harbor Inn owners file for bankruptcy
March 29, 2018The 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.
March 29, 2018
Katahdin Trust donates to Houlton Cary Library renovation
March 27, 2018The 114-year-old library's ongoing face lift includes help for windows and wall facing repair from the bank.
March 27, 2018
Bangor Savings Bank opening branch in Portsmouth
March 23, 2018Bangor Savings Bank will continue its southward expansion, saying Thursday it plans to open a branch in downtown Portsmouth, N.H.
March 23, 2018
Maine credit union membership nears 700,000, lending up 7% in 2017
March 21, 2018Lending 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
March 21, 2018
Good Shepherd's Hampden plant renovation gets boost
March 21, 2018The 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.
March 21, 2018
Bangor Savings raises its minimum wage for the third time in two years
March 16, 2018Bangor Savings Bank has raised the minimum rate it pays employees in all positions to $15 per hour, effective Feb. 25.
March 16, 2018
LePage and Grohman team up on $50M bond to lower student debt
March 16, 2018Advocates 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.
March 16, 2018
LaunchPad now accepting applications for 2018 competition
March 15, 2018Gorham 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.
March 15, 2018
Cerahelix secures $2 million in venture capital funding
March 15, 2018The 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.
March 15, 2018
Maine Mall Toys R Us store among 800 reported to be closing or sold
March 15, 2018Numerous 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
March 15, 2018
Camden National opens N.H. loan office
March 12, 2018Camden 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.
March 12, 2018
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