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Financial 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,
The 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.
St. 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
The 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.
Michigan native Todd Mason succeeded John Murphy as president and CEO of the Maine Credit Union League in April and its technology affiliate Synergent, returning to an industry Mason says he fell into after college and then fell i
This January, Amanda Rand will succeed Dick Curran as president of Spinnaker Trust, the Portland-based wealth management firm he founded in 2001. Rand, a Falmouth native who began her career at Ropes & Gray LLP in Boston before returning to
With capital in hand, STARC hires CEOWithin weeks of securing $3.5 million in financing from Blue Heron Capital, STARC Systems hired a CEO with extensive merchandising experience.
Orono-based University Credit Union is about to celebrate its 50th anniversary amid plans to modernize two more branches next year.
Susan Fotter, the owner of Fotter's Market, heads a committee that is trying to find another bank to come to the town of 600 after Skowhegan Savings announced earlier this month that it's closing five branches, including the one in Stratton, which
Bangor Bancorp MHC announced plans today for Bangor Savings Bank to merge with Granite Bank, a wholly owned subsidiary of First Colebrook Bancorp Inc. that has four branches in New Hampshire and assets of $262.4 million.
The U.S. Small Business Administration reported that in Maine during fiscal year 2017, the SBA approved 303 7(a) loans totaling $68.53 million, an increase of 3% over fiscal year 2016. The SBA's Maine district office also $39.76 million in 504 Loans
“Alexa, check my account balance at Town & Country Federal Credit Union" is now possible at the Scarborough-based credit union.
Maine credit union assets, membership and deposits all recorded growth in the first half of the year, according to the latest mid-year report covering the six-month period through June 30.
STARC Systems, a Brunswick company that makes sound-deadening construction barriers for hospital work environments, secured $3.5 million in investment.
Maine Credit Unions' Campaign for Ending Hunger presented a check for $33,000, a portion of the record-setting $675,000 Maine's credit unions raised for ending hunger in 2016, to support the Good Shepherd Food Bank's school backpack and pantry
Blue Heron Capital, a growth equity fund based in Richmond, Va., that provides growth and expansion capital, led a $3.5 million investment round in STARC Systems, a company based at TechPlace in Brunswick Landing.