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Banking & Finance
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Women: Want startup funding? Ask another woman
July 20, 2016Women entrepreneurs may have a better chance of getting financing and eventually having an exit for their startup if they are financed by venture capitalists with female partners, a Harvard Business Review article published Tuesday found.
July 20, 2016Bangor Savings opens the doors of 54th location
July 19, 2016A little over a month after marking the opening of a $5 million branch on Marginal Way in Portland on June 6, Bangor Savings Bank opened up another branch in Brunswick on Monday.
July 19, 2016Jay mill owner, Verso, emerges from bankruptcy
July 18, 2016Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill, has emerged from Chapter 11 bankruptcy after significantly reducing its debt.
July 18, 2016
Venture capital deals not as soft as believed; Maine sees 5 deals in Q2
July 15, 2016Counter to the well-reported lull in venture capital deals recently, venture capitalists invested $15.3 billion in 961 deals in the second quarter of 2016, up 20% in dollars from the first quarter and down 5% in the number of deals.
July 15, 2016York County FCU uncovers ATM skimming device
July 12, 2016Officials at York County Federal Credit Union say that a small portion of cards were compromised following the May 21 discovery of an electronic skimming device on an ATM located at 870 Main St. in Sanford.
July 12, 2016
Venture-backed biotech companies race to public markets
July 6, 2016Biotechnology companies backed by venture capitalists continued to outpace the technology sector in both initial public offerings and mergers and acquisitions in the second quarter of this year.
July 6, 2016WEX completes acquisition of Electronic Funds Source
July 5, 2016WEX Inc. (NYSE:WEX), a South Portland-based corporate payments company, announced Friday that it has completed its acquisition of Electronic Funds Source LLC, a fleet card provider, for $1.1 billion in cash plus 4 million shares of common stock.
July 5, 2016Verso bankruptcy reorganization gets the go ahead
June 27, 2016A judge at the U.S. Bankruptcy Court in the District of Delaware has confirmed the Chapter 11 bankruptcy reorganization plan of Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill.
June 27, 2016
Credit cards: Are they what they used to be?
June 27, 2016Flashing a platinum or gold credit card used to be a status symbol, but a recent Money Pulse survey by Bankrate.com found the times are changing, especially among younger generations.
June 27, 2016
One-on-one with Carl Chatto as he takes the reins at Baker Newman Noyes
June 27, 2016Carl Chatto oversees Maine's second-largest accounting firm, Portland-based Baker Newman Noyes. In Maine, the firm has 68 CPAs and 146 employees overall. Its in-state revenue was $25.7 million last year.
June 27, 2016Could a Long-Term Stock Exchange stimulate innovation?
June 27, 2016A Silicon Valley investor wants to change the system, and already is advocating with the U.S. Securities and Exchange Commission to create a new U.S. stock exchange called the Long-Term Stock Exchange that would give companies more breathing room to
June 27, 2016
Here's what's being reported around the world on the Brexit vote
June 24, 2016Great Britain's historic decision to leave the European Union in Thursday's referendum has triggered a global stock selloff today, with MarketWatch reporting The Dow Jones Industrial Average lost 408 points, or 2.2%, to 17,617, shortly after Friday'
June 24, 2016WEX gets FTC clearance for Electronic Funds Source acquisition
June 17, 2016WEX Inc. a South Portland-based corporate payments company, announced Thursday that the U.S. Federal Trade Commission has unconditionally cleared its previously announced acquisition of Electronic Funds Source LLC, a fleet card provider.
June 17, 2016
Fluid Farms wins $50K at Launchpad entrepreneur competition
June 8, 2016Touting a goal of closing the gap in Maine's ability to produce its own food year-round, Tyler Gaudet, co-owner of Fluid Farms Aquaponic Produce of Dresden, took the top $50,000 prize at Gorham Savings Bank's LaunchPad 2016 competition Tuesday
June 8, 2016Bangor Savings replacing cards following data breach
June 7, 2016Bangor Savings Bank is replacing an unknown number of its customers' debit cards following recent data breaches and an increase in the risk of subsequent fraudulent transactions.
June 7, 2016Shuttered Brunswick health care provider files for bankruptcy
May 27, 2016Brunswick-based Merrymeeting Behavioral Health Associates has filed for Chapter 7 bankruptcy almost two months after its abrupt closure left 180 without work and hundreds more of its clients without necessary services.
May 27, 2016
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