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Banking & Finance
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Project focused on new food economy aims to create Maine's 59th credit union
October 31, 2016The Maine Harvest Credit Project, which aims to create a specialized, socially responsible credit union focused on the new food economy in Maine, has raised $1.4 million, or about 60% of the money it needs from donors, to start what would be the
October 31, 2016
The FAA has invested $26M in Maine's airports this year — here's how they use it
October 31, 2016The Federal Aviation Administration, through grants funded by the Airport Improvement Program, plays a significant but often overlooked role in supporting those chartered medical flights and all the other essential services provided by Maine's 35
October 31, 2016Feds deliver $1.36M to spur innovation at Maine agricultural producers
October 28, 2016Nine agricultural producers in Maine are on the receiving end of $1,363,118 through the U.S. Department of Agriculture's Value-Added Producer Grant program.
October 28, 2016Camden National reports profit of $10.9M in Q3
October 27, 2016Camden National Bank's parent company, Camden National Corp., reported net income of $10.9 million, or 70 cents a share, for the third quarter — up from $6.5 million, or 57 cents, in the same period last year.
October 27, 2016Bar Harbor Bank merger with Lake Sunapee Bank approved
October 26, 2016Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, is now one step closer in its planned acquisition of New Hampshire-based Lake Sunapee Bank Group after shareholders from both financial institutions approved the agreement.
October 26, 2016Maine, nation slow in rollout of EMV-capable ATMS
October 24, 2016Maine ATM operators in the Mastercard network are slow to embrace EMV chip-enabled cards, putting customers at a high risk for fraudulent activity.
October 24, 2016
Jackson Lab pulls in lots of money, but is there ever enough funding for life-saving research?
October 17, 2016Despite the $80 million in funding expected in 2016 — the Bar Harbor-based lab has 19 grants awarded through the first three quarters of this year — there's still a dire need for more.
October 17, 2016
Venture capital deals, dollars soften in Q3
October 14, 2016Venture capital deals and investment dollars both dropped in the third quarter of this year ended Sept. 30, partly due to a typical annual third-quarter cycle and to uncertainty over the presidential election.
October 14, 2016Maine's credit unions set membership, asset records
October 13, 2016It's been a record year for Maine credit unions, as the Maine Credit Union League reported that the combined assets of the financial institutions reached an all-time high of $7.04 billion during the first half of 2016.
October 13, 2016State officials warn consumers of fraudulent text-messaging scam
September 13, 2016Officials at Maine's Bureau of Financial Institutions at the Department of Professional and Financial Regulation are warning residents of a scam involving text messages that appear to come from a consumer's bank or credit union.
September 13, 2016In wake of Xerox layoffs, Lewiston TD Bank to cut 35 jobs
September 8, 2016Approximately 35 back office workers at the TD Bank operations center in Lewiston will be laid off over the coming months.
September 8, 2016
Donors stepping in to help YCCC expansion
August 11, 2016Saco & Biddeford Savings commits $100,000 to York County Community College capital campaign for expansion.
August 11, 2016
Wells Fargo adds Portland middle market banking office
August 8, 2016Wells Fargo & Co.made Portland home to its newest Middle Market Banking office and is adding two experts in that field.
August 8, 2016
Spike in card skimming has Maine institutions on high alert
August 8, 2016While the rest of Maine celebrated a long weekend, Scott Chretien discovered thieves had installed a skimming device to read bank cards at the drive-through teller at the York County Federal Credit Union's Sanford headquarters.
August 8, 2016
WEX tracking to become $1B company by year's end
July 27, 2016WEX Inc. reported total revenue for the second quarter increased 9.5% to $233.9 million, which is $20.2 million more than the $213.7 million reported for the second quarter in 2015.
July 27, 2016
How To: Calculate the social return on investment to make better decisions
July 25, 2016Many projects fail to be accepted by the community or encounter unexpected roadblocks, even though they seem profitable on paper. Just because a project has a financial benefit doesn't mean that it is beneficial overall, or even that it's a good
July 25, 2016
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