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Banking & Finance
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Search 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
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, 2018
Camden National reaches $220K milestone in donations to homeless shelters
January 4, 2018Camden National Bank, Maine's largest community bank, has donated over $220,000 to nearly 50 homeless shelters in three states over the past two years.
January 4, 2018Ellsworth finance director leaving for banking job
December 21, 2017Tammy Mote, who has led the Ellsworth Finance Department for a decade, will leave her post for a job in the private sector.
December 21, 2017Kennebec Savings Bank awards $54K in three ‘catalyst’ grants
December 18, 2017Kennebec Savings Bank awarded grants worth up to $18,000 to Kennebec Valley Family Dentistry of Augusta, the Restorative Justice Institute of Maine and Waterville Area Habitat for Humanity.
December 18, 2017
Rand Capital invests $1.5M in Tilson's $5M investment round
December 14, 2017Rand Capital Corp., a publicly traded business development firm, will fund a $1.5 million follow-on investment in Portland-based Tilson Technology Management Inc.
December 14, 2017KeyBank donates $450K to CEI to support job creation in rural Maine
December 13, 2017KeyBank Foundation has donated $450,000 to Coastal Enterprises Inc. to support small business growth and job creation in Maine's rural communities.
December 13, 2017
Maine Credit Union League, Synergent announce senior leadership changes
December 12, 2017The Maine Credit Union League, the state trade association for Maine's 56 credit unions and 695,000 members, and Synergent, its credit union service organization, have made changes to their senior leadership team.
December 12, 2017
CEI's financing activity in 2017 tops $50 million
December 8, 2017In its annual impact statement for 2017, Coastal Enterprises Inc. reported Wednesday that its family of organizations deployed $51.7 million to 79 business in mostly rural regions across Maine and the United States.
December 8, 2017
Detroit man sentenced for operating unlicensed Bitcoin business in Maine
December 5, 2017In a precedent-setting case involving an unlicensed Bitcoin business whose owner advertised and completed some transactions in Maine, a Detroit man and his company were sentenced in U.S. District Court for the District of Maine on Monday for
December 5, 2017
Franklin Savings Bank names successor to longtime CEO
November 27, 2017Franklin Savings Bank President and CEO Peter Judkins plans to retire at the end of this year. Executive Vice President and Chief Operating Officer Tim Thompson has been named as his successor.
November 27, 2017
Thompson-Hamel of Presque Isle expands its footprint with new Bangor office
November 27, 2017Presque Isle-based Thompson-Hamel expanded its footprint with a bigger office in Bangor this past October. The firm now serves more than 7,000 financial clients in 25 states, managing around $265 million in investment assets.
November 27, 2017
Equipment finance firms provide the capital that keeps Maine industry rolling
November 27, 2017Financial institutions like Maine Financial Group in Scarborough and Machias Savings Bank have been instrumental in making growth possible for companies like J.D. Raymond Transport, which requires a lot of equipment to buy expensive loaders,
November 27, 2017
Small, independent registered investment advisers find a niche in Maine
November 27, 2017The number of registered investment advisers in the U.S. increased again in 2016, and their assets under management increased at an even higher rate. That trend is mirrored in Maine.
November 27, 2017Androscoggin Bank awards $25K to Lewiston nutrition program
November 17, 2017St. Mary's Nutrition Center in Lewiston was awarded the Androscoggin Bank Main Street Foundation's $25K for Kids grant. It's the fifth year the bank has awarded the grant, which is given to programs that help provide food, shelter and security for
November 17, 2017
FAME’s Showcase Maine to celebrate ‘successes’ of past year
November 13, 2017The Finance Authority of Maine will honor several of its business partners Tuesday at its Showcase Maine annual celebration of successful partnerships with Maine's business, lending, governmental and higher education communities.
November 13, 2017
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