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Banking & Finance
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WEX to save millions in debt repricing
July 6, 2017WEX Inc. (NYSE: WEX) successfully repriced two secured term loans worth almost $440 million, reducing its interest costs for an annual savings of $11 million.
July 6, 2017
Meineke foreman buys Topsham franchise via first CEI loan of its kind
June 29, 2017Jim Chattley, a 20-year veteran of the Topsham Meineke Car Care Center in Topsham Fair Mall, bought the franchise from retiring owners Melissa and David Eddy using a new loan product from CEI 7(a) Financing LLC of Brunswick.
June 29, 2017
Bangor Savings Bank reports record earnings
June 28, 2017Bangor Savings Bank reported a record net income of nearly $25 million for the 2017 fiscal year that ended March 31, an increase of 8.42% over last year and the 16th consecutive year of earnings growth for the bank.
June 28, 2017
Certify sold to California investor in deal worth close to $100M
June 21, 2017Certify Inc., a Portland travel and expense software company, was sold to K1 Investment Management LLC of El Segundo, Calif., which also merged three similar expense management software companies for which it paid more than $125 million total, K1
June 21, 2017
Fintech firm Innovest teams up with Spinnaker for first foray into Maine
June 15, 2017Innovest Systems LLC, a fast-growing New York-based company in the burgeoning financial technology, or fintech field, is rolling out a new technology platform for Spinnaker Trust as it hunts for other partners in New England.
June 15, 2017
WEX announces plans for potential debt repricing
June 12, 2017WEX Inc. (NYSE: WEX) has scheduled a meeting today, June 12, with certain prospective lenders to consider a potential repricing of the company's existing $438 million term A loan and $1.191 million term B loan.
June 12, 2017
Fate of $50M R&D bond rests with voters
June 8, 2017Maine voters will decide the fate of a $50 million bond to boost the state's investment in research and development, which is the only statewide issue on the June 13 special referendum ballot.
June 8, 2017
Good To-Go wins $50K LaunchPad grant
June 7, 2017Good To-Go, the Kittery maker of natural dehydrated meals for active people, won the $50,000 grant top prize in the fifth annual Gorham Savings Bank LaunchPad live-pitch competition held Tuesday night.
June 7, 2017
Maine Food Insider: Gelato Fiasco raises money to expand
June 7, 2017With hot summer months around the corner, Gelato Fiasco Inc. of Brunswick plans to expand its shops, employees and revenue after raising a little over half of a $1 million equity offering.
June 7, 2017
Maine public companies off to strong start in Q1
May 29, 2017A sampling of the financial performance of selected Maine public companies shows they're continuing strong performance in the first quarter.
May 29, 2017
Historic Gardiner building sold by Camden National Bank poised for a creative reboot
May 21, 2017Under new ownership, plans are underway to install new tenants in a historic building at 252 Water St. in downtown Gardiner that until recently was owned by Camden National Bank.
May 21, 2017
Finalists named for Gorham Savings' $50K LaunchPad competition
May 19, 2017Gorham Savings Bank has selected five early-stage Maine businesses as finalists of its annual LaunchPad small business competition, with a $50,000 grand prize to be awarded to the winner.
May 19, 2017
Camden National posts 17% first-quarter earnings increase
April 26, 2017Camden National Corp. (NASDAQ: CAC) followed its 2016 record year with strong first-quarter earnings.
April 26, 2017
Corporate teams blend work and (hopefully) fun
April 24, 2017As corporate challenges become more widespread, there's a another key factor that goes with the charitable giving: team building.
April 24, 2017Former con artist offers business tips to avoid scams
April 21, 2017Frank W. Abagnale Jr., the former con artist now working with the FBI and as a corporate cybercrime consultant, was in Portland Thursday to raise awareness about scams and fraud.
April 21, 2017
Credit unions popular with millennials, says Maine trade association head
April 18, 2017Millennials are responding “in very good numbers” to credit unions, the outgoing president and CEO of the Maine Credit Union League told Mainebiz.
April 18, 2017
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