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Bangor Savings Bank opened a new full-service branch in Augusta on Feb. 2.
The University of New England said it received a financial rating of A3 by Moody's Investors Service, its first financial ranking by the debt-rating service, and an A-rating from Fitch Ratings.
The Maine Center for Entrepreneurial Development, the University of Maine, The Lewiston/Auburn Economic Growth Council and MaineStream Finance announced today the members of the Top Gun Maine 2017 Class.
Maine ranks fourth among New England states in the financial services industry's employment impact, with the sector accounting for 9.2% of total wages and 8.9% of the state's gross domestic product in 2015, a new report found.
Skowhegan Savings Bank will donate $30,000 toward the restoration of the historic Colonial Theatre in Augusta.
The board of directors of the Finance Authority of Maine has approved $97.3 million in bond financing for two Maine schools and two health care companies.
Bank of America has donated $45,000 over three years to Portland Adult Education to support classes for new Mainers seeking their first job in the United States.
Camden National Bank announced Friday it was awarded direct subsidy funding for three initiatives totaling $2.25 million to develop or renovate 84 units of affordable housing.
CEI Ventures has closed its fourth fund, Coastal Ventures IV LP, at just under $10 million, with the monies targeted at small businesses in Maine and the Northeast.
WEX Inc. (NYSE: WEX) announced today it is partnering with OnDeck (NYSE: ONDK), a leader in online lending for small business, to offer business financing from OnDeck to its small business customers.
Jeffrey Fuhrer, executive vice president and senior policy adviser at the Federal Reserve Bank of Boston, says the median view of the Fed's policymakers is that there will be three 0.25 percentage point interest rate hikes in 2017 to ensure the U.S
A new report finds that the number of science and technology companies and jobs in Maine is rising at the same time investment in innovation by both companies and universities has remained low.
Bar Harbor Bankshares (NYSE MKT: BHB), the holding company for Bar Harbor Bank & Trust, completed its merger with Lake Sunapee Bank Group, the holding company for Lake Sunapee Bank.
Bangor Savings Bank plans to develop a campus on the Bangor waterfront, a move it says will help accommodate its projected growth.
Maine is among the states with the highest percentage of foreclosure inventory on its mortgaged homes, according to a foreclosure report released on Jan 10.
As venture capital dollars and deals went soft in the fourth quarter of last year, one Maine company, Tilson Technology, pulled in a respectable $3 million in investment from CEI Ventures.