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Banking & Finance
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Shuttered Lincoln mill to seek $1.1 million from vendors
July 31, 2017As part of a bankruptcy process, the Lincoln Paper and Tissue mill plans to try to reclaim money that it's already paid out to vendors.
July 31, 2017
Vets First Choice CEO talks about global expansion, acquisitions
July 27, 2017Direct Vet Marketing last week raised $223 million, a record amount for a Maine-based company in at least two decades. CEO Benjamin Shaw has big plans for the infusion, including expanding into Europe and Asia by year's end and actively seeking
July 27, 2017
Infinity FCU launches 'Bridge to Citizenship' program for new Mainers
July 26, 2017Infinity Federal Credit Union launched today a new loan program designed specifically to meet the needs of Maine residents aspiring to become citizens of the United States.
July 26, 2017
Bangor Savings Bank expands into New Hampshire
July 25, 2017Bangor Savings Bank has expanded its footprint outside Maine for the first time, announcing that it recently opened a loan production office in Portsmouth, N.H.
July 25, 2017Catalyst Paper's project would support 62 new jobs at Rumford mill
July 24, 2017British Columbia-based Catalyst Paper Corp. projects that a $56 million investment in a tissue-making machine at its Rumford mill would support 62 full-time jobs.
July 24, 2017
Want funding? Here's what financiers want to see in your pitch deck
July 24, 2017The days of entrepreneurs sketching out a business plan on a napkin and getting enough Route 128 or Silicon Valley investor money to start a company are long gone. Angela Lee, founder of 37 Angels, says today's venture capitalists look at a company'
July 24, 2017
Kennebec Savings Bank opens Freeport location
July 21, 2017Kennebec Savings Bank opened its new electronic banking and loan center in Freeport on Thursday, marking the occasion with a ribbon-cutting ceremony attended by local officials.
July 21, 2017
Maine Water Co. one of 12 qualifying for EPA low-cost loans
July 20, 2017Maine Water Co. is one of 12 projects nationwide selected by the U.S. Environmental Protection Agency to apply for a low-cost water infrastructure loan to help pay for its $50 million water treatment plant planned in Biddeford.
July 20, 2017Bangor Savings to refurbish former Bank of America site in Biddeford
July 20, 2017Bangor Savings Bank will renovate a former Bank of America building on Main Street in Biddeford, with plans to open a new branch with business offices in 2018.
July 20, 2017
BerryDunn merges with Compass to boost health care practice
July 19, 2017Accounting and consulting firm BerryDunn has joined forces with Compass Health Analytics Inc. to offer a wider range of health care-related services under one roof.
July 19, 2017
Vets First Choice raises $223M to fuel expansion
July 19, 2017Vets First Choice, a Portland-based online pharmacy and prescription-management company for veterinarians and their pet-owner clients, announced today a $223 million strategic investment to accelerate growth.
July 19, 2017
Greenlight Maine names 26 semifinalists for third season
July 14, 2017Greenlight Maine, an entrepreneurial pitch contest with a $100,000 prize purse, has selected 26 semifinalists who will compete during its third season that begins this fall.
July 14, 2017People's United Bank foundation awards $52K to eight nonprofits
July 13, 2017The People's United Community Foundation, the philanthropic arm of People's United Bank, awarded $52,000 during its second grant cycle of 2017 to eight nonprofit organizations throughout Maine.
July 13, 2017MTI awards $695K, leveraging nearly $1M for recipients
July 12, 2017The Maine Technology Institute approved 31 awards totaling almost $695,000 from across its suite of funding programs, leveraging an additional $960,815 in matching funds from the organizations.
July 12, 2017
Venture capital money up, number of deals down in Q2
July 12, 2017Funding to venture capital-backed companies in the United States rose to its highest level in a year, though Maine only had one deal, according to the second-quarter figures released today.
July 12, 2017
Owner of Rumford mill seeks FAME financing for new tissue machine
July 7, 2017Catalyst Paper, the Canadian owner of the Rumford paper mill, is seeking a $25 million loan through the Finance Authority of Maine's Major Business Expansion Bond program.
July 7, 2017
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