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Banking & Finance
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Bank of America lays off 30 in Belfast
March 6, 2018Bank of America has laid off about 30 people at its Belfast call center.
March 6, 2018
Maine banks upbeat on 2018, after having good year in '17
March 5, 2018Banks across Maine had a strong 2017 and expect the same for 2018.
March 5, 2018Owners of inns in Camden and Portland to file for bankruptcy
March 1, 2018The Camden Harbour Inn and its restaurant Natalie's, as well as the Portland-based Danforth Inn and its restaurant Tempo Dulu, are up for foreclosure auction on March 29.
March 1, 2018
CEI launches subsidiary to finance high-impact, mid-scale solar projects
February 9, 2018Brunswick-based CEI has launched a new subsidiary — with the name of Bright Community Capital — to fill a financing gap in the solar energy marketplace.
February 9, 2018
Maine credit unions raise record amount toward ending hunger
February 7, 2018Representatives of Maine's credit unions gathered in South Portland on Tuesday to celebrate a record $740,027 raised in 2017 to help end hunger in Maine.
February 7, 2018Atlantic Federal and York County Federal credit unions plan to merge
February 6, 2018York County Federal Credit Union and Atlantic Federal Credit Union announced Monday they plan to merge, subject to a multi-step due diligence process.
February 6, 2018
Jackson Lab receives $12.5M grant for Ellsworth expansion
February 6, 2018Maine Technology Institute awarded a $12.5 million grant to The Jackson Laboratory to support construction of a state-of-the-art research mouse production facility in Ellsworth.
February 6, 2018
Vets First Choice will build $20M corporate facility in Portland
February 6, 2018Vets First Choice, a Portland company that provides technology-enabled care services for veterinary uses, will build a $20 million corporate facility in Portland.
February 6, 2018Massachusetts lender acquires Cumberland County Mortgage
February 5, 2018HarborOne Bank of Brockton, Mass., has acquired Cumberland County Mortgage of South Portland for an undisclosed amount.
February 5, 2018
cPort Credit Union building new Portland branch on Middle Street
February 1, 2018A new branch office of cPort Credit Union is under construction at 35 Middle St. in Portland. The building, next to Duckfat and Ribollita restaurants, is being built using all Maine-based contractors, including Landry/French Construction and Gawron
February 1, 2018Housing companies linked to Michael Liberty file for Chapter 11
January 31, 2018Three low-income and senior housing companies with ties to developer Michael Liberty, who was sentenced last August to four months in jail for illegal political contributions, have filed for Chapter 11 reorganization under the federal bankruptcy law.
January 31, 2018
Hyperlite Mountain Gear raises $1.1M in early stage venture capital
January 19, 2018Hyperlite Mountain Gear, the Biddeford-based manufacturer of 100% USA-made ultralight outdoor equipment, announced it has completed a $1.1 million early series round of financing.
January 19, 2018
Boston Fed's Fuhrer gives growth outlook, tax-reform impact readout
January 16, 2018Jeffrey C. Fuhrer, executive vice president and senior policy advisor at the Federal Reserve Bank of Boston, on Tuesday predicted 2.5% U.S. economic growth in 2018 and gave a quick readout of what the new tax-reform package means for households and
January 16, 2018
Camden National employees benefit from tax reform
January 11, 2018Recent tax reform will benefit Camden National and its employees, with each full-time employee earning a $1,000 cash bonus and part-timers $750.
January 11, 2018
Four Maine-based executives weigh in on key sectors of state's economy
January 8, 2018With the new year upon us, Mainebiz interviewed four executives to get a short-term outlook for their Maine-based businesses and industries: construction, banking, seafood and manufacturing.
January 8, 2018Search for alternative funding leads Yarmouth small business to digital marketplace lender
January 8, 2018Revamping a flower business can be thorny, as Mark Ranalletti and his wife, Kathryn Wallingford, discovered after buying Calyx Flowers Inc. in Yarmouth in 2015.
January 8, 2018
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