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Banking & Finance
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Maine mortgage rates seen rising slightly after Fed move
March 16, 2017Despite the March 15 rate hike by the Federal Reserve and signals of further gradual increases, experts say that Maine homebuyers can expect mortgage rates to rise only slightly.
March 16, 2017
CEI presents 'Opportunity Award' to St. Croix Tissue
March 15, 2017Braving Tuesday's nor'easter to attend CEI's annual meeting in Brunswick, St. Croix Tissue Inc., was awarded CEI's “2017 Award for Expanding Economic Opportunity” for its $120 million paper mill that has created more than 80 jobs.
March 15, 2017Farm Credit East pays dividends to Maine farmers, foresters, fishermen
March 8, 2017Farm Credit East, the Northeast's largest agricultural lending cooperative, distributed a record $56 million in cash patronage dividends to more than 11,000 farm, fishing and forestry business owners and operators, including 750 members in Maine.
March 8, 2017
TD Bank steps up its focus on small businesses
March 6, 2017After a two-year study, TD Bank is stepping up its focus on small business lending and other services in New England and upstate New York.
March 6, 2017
Machias Savings opens Portland branch
March 2, 2017Machias Savings Bank has opened a new branch at 193 Middle St. in Portland on Feb. 27.
March 2, 2017U.S. Labor Department extends fiduciary rule implementation date
March 2, 2017The U.S. Department of Labor is proposing an extension of the applicability dates of the fiduciary rule and related exemptions implemented by the Obama administration, including the “best interest contract exemption,” from April 10 to June 9.
March 2, 2017
ImmuCell gets additional $2 million in debt financing
March 1, 2017ImmuCell Corp., a Portland-based maker of health products used in dairy and beef industries, said it has landed an additional $2 million in financing for its planned expansion.
March 1, 2017
Portland expects lower borrowing costs after S&P upgrade
March 1, 2017The city of Portland can look forward to lower borrowing costs in the wake of a credit rating upgrade from Standard & Poor's.
March 1, 2017Acadia and EMMC credit unions announce merger
February 27, 2017EMMC Federal Credit Union of Brewer and Acadia Federal Credit Union of Fort Kent announced they are merging. Combined they will have eight branch offices and serve 15,000 customers.
February 27, 2017
Maine foreclosures continue to decline
February 27, 2017Maine's Bureau of Financial Institutions reports initiated foreclosure filings at state-chartered financial institutions continue to drop.
February 27, 2017
New leader for Maine Credit Union League named
February 23, 2017The Maine Credit Union League has its first new president and CEO in a quarter century.
February 23, 2017
Infinity FCU plans Portland branch
February 23, 2017Infinity Federal Credit Union plans to break ground today on a Portland location, responding to customer feedback.
February 23, 2017
Norway Savings beefs up cybersecurity
February 16, 2017Norway Savings Bank has switched to a new domain name designed to boost online security and guard against cybercrime.
February 16, 2017
Camden lawmaker proposes creation of publicly owned state bank
February 15, 2017A bill by state Sen. Dave Miramant, D-Camden, would create a state bank to conduct the state's financial business in the best interest of Mainers, not corporate shareholders. The bill received a public hearing before the Legislature's Insurance and
February 15, 2017Credit unions set milestone in campaign to ‘end hunger’
February 10, 2017Maine's credit unions raised $674,193 in 2016 in the annual Campaign for Ending Hunger, a new fundraising milestone.
February 10, 2017
Leading Maine firms put $200K toward first state startup accelerator
February 9, 2017Portland-based MaineHealth and disability insurer Unum US will each provide $100,000 and other support to collaborate with Portland startup accelerator Venture Hall on its inaugural startup accelerator program this summer.
February 9, 2017
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