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Banking & Finance

  • Bangor Savings Bank opens Augusta branch

    February 6, 2017

    Bangor Savings Bank opened a new full-service branch in Augusta on Feb. 2.

    February 6, 2017
  • UNE receives two strong bond ratings

    Staff February 3, 2017

    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.

    Staff February 3, 2017
  • Top Gun names 38 startups to 'Maine 2017 class'

    February 1, 2017

    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.

    February 1, 2017
  • Financial services account for 7.2% of Maine jobs

    Lori Valigra February 1, 2017

    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.

    Lori Valigra February 1, 2017
  • Bank donates $30K to Colonial Theatre restoration

    Staff January 31, 2017

    Skowhegan Savings Bank will donate $30,000 toward the restoration of the historic Colonial Theatre in Augusta.

    Staff January 31, 2017
  • FAME approves $97.3 million in bond financing

    Staff January 27, 2017

    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.

    Staff January 27, 2017
  • Bank of America donation to help new Mainers gain employment

    Staff January 26, 2017

    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.

    Staff January 26, 2017
  • Camden National sponsors three affordable housing initiatives

    Staff January 23, 2017

    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.

    Staff January 23, 2017
  • CEI Ventures closes fourth venture fund, has $20M under management

    Lori Valigra January 18, 2017

    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.

    Lori Valigra January 18, 2017
  • WEX joins online lender to offer financing to its small biz customers

    Staff January 17, 2017

    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.

    Staff January 17, 2017
  • Fed policy adviser: Three rate hikes possible in 2017

    James McCarthy January 17, 2017

    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

    James McCarthy January 17, 2017
  • Report: Maine has more sci-tech companies and workers, but lags in other areas

    Lori Valigra January 16, 2017

    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.

    Lori Valigra January 16, 2017
  • Bar Harbor Bankshares completes merger

    Staff January 16, 2017

    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.

    Staff January 16, 2017
  • Bangor Savings unveils plan for waterfront

    Peter Van Allen January 12, 2017

    Bangor Savings Bank plans to develop a campus on the Bangor waterfront, a move it says will help accommodate its projected growth.

    Peter Van Allen January 12, 2017
  • Maine among top states in inventory of foreclosed homes

    Staff January 12, 2017

    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.

    Staff January 12, 2017
  • Venture capital slows nationally, but Maine has comparatively large deal in Q4

    Lori Valigra January 11, 2017

    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.

    Lori Valigra January 11, 2017

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Today's Poll

Do you have a side hustle?
Choices
Poll Description

In the latest installment of our “Made in Maine” series, we visit the Gorham studio of textile designer Erin Flett, who has turned her after-hours basement side hustle into a well-known brand with a national wholesale network.

Nationwide, side hustlers started a record number of businesses during the pandemic. Today, a growing number of younger professionals are supplementing their income with a side job, as shown in a survey by Bankrate, the personal finance website. It found that 34% of Gen Zers (ages 18 to 28) have a side hustle, outpacing millennials (31%), Gen Xers (23%) and boomers (22%).

While some people can turn their side gigs into profitable businesses, others keep hustling their entire working lives –  or have neither the time nor the interest to do so.