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Banking & Finance
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Venture capital slows nationally, but Maine has comparatively large deal in Q4
January 11, 2017As 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.
January 11, 2017
FAME helped facilitate vending company's deals
January 5, 2017The Finance Authority of Maine played a key role in two acquisitions made this week by Casco Bay Vending by providing loan insurance of $8 million.
January 5, 2017Consider these 'Top 10' New Year's resolutions to improve financial health
December 30, 2016Will Lund, superintendent of Maine's Bureau of Consumer Protection and his staff have put together a useful guide for individuals, families and businesses seeking to improve their financial health in 2017.
December 30, 2016Easton bank, health clinic announce closures
December 27, 2016Two employers have announced closures in the Aroostook County town of Easton.
December 27, 2016
Leader of NBT's Maine expansion promoted to CEO
December 21, 2016NBT Bancorp Inc. promoted the leader of its Maine expansion to head the bank.
December 21, 2016
Minimum pay goes up — again — at Bangor Savings
December 21, 2016Bangor Savings Bank has raised the minimum rate it pays employees to $14 per hour.
December 21, 2016Fed rate hike positive for banks; little impact on construction, consumers
December 15, 2016The long-anticipated Federal Reserve Board interest rate hike Wednesday of 25 basis points to a target range of 0.5% to 0.75% signaled confidence in the U.S. economy and early signs of higher inflation and potentially more rate hikes next year,
December 15, 2016
Camden National Bank creates wealth management brand
December 5, 2016Camden National Corp. (NASDAQ: CAC), the parent company of Camden National Bank and Acadia Trust N.A., announced on Dec. 1 that it successfully completed the combination of Acadia and Camden National Bank and has launched a new brand, Camden
December 5, 2016Maine fares well in national fraud rankings
December 5, 2016Maine experiences far less fraud and identity theft than most other states, Maine Public reported, citing a study by WalletHub, the consumer and finance data site.
December 5, 2016
Camden National beefs up fraud protection, adds 24-hour customer service
November 30, 2016Camden National Bank, the largest bank based in Maine, said Tuesday it has fortified its cyber-security and added 24-hour customer service.
November 30, 2016
FAME financing boosts Thompson's Point project
November 29, 2016The Finance Authority of Maine has approved a $500,000 direct loan to Forefront Brick South LLC to help finance property improvements and working capital related to the redevelopment of a vacant building into an events center at Thompson's Point in
November 29, 2016
One on One with John Witherspoon, president of Skowhegan Savings
November 28, 2016John Witherspoon never envisioned a career in banking. But in 1979, fresh out of college and a three-month hiking adventure on the Pacific Crest Trail, Witherspoon joined Kingfield Savings Bank as a management trainee.
November 28, 2016
Maine-based banks fill a void left behind
November 28, 2016TD Bank, KeyBank and Bank of America have closed branches in Cumberland County over the past decade, while community banks like Gorham Savings Bank, Bangor Savings Bank, Camden National Bank and Norway Savings Bank have stepped up their presence in
November 28, 2016Boothbay Harbor, Vassalboro awarded $4.4M for water infrastructure upgrades
November 11, 2016The U.S. Department of Agriculture is investing $4.4 million to assist both the Boothbay Harbor Sewer District and the Vassalboro Sanitary District.
November 11, 2016Portland nonprofit Spurwink lands $20M education grant
November 11, 2016Spurwink, a Portland-based nonprofit that provides behavioral health and educational services for children, adults and families, has won a five-year, $20 million U.S. Department of Education grant that it will use to expand a program that improves
November 11, 2016
Maine's entrepreneurs come out with $1.46M in funding from MTI
November 3, 2016Among the award recipients is Portland-based Casco Bay Butter Co., which will use its $21,044 award from the Maine Technology Institute to help double its product shelf life without the use of preservatives by using advanced packaging for individual
November 3, 2016
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