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Banking & Finance
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Bangor officials unanimously approve $693K parcel sale
May 25, 2016Bangor's City Council unanimously approved a deal that allows three parcels of land in a business park to be sold to Bangor Savings Bank in a deal that has been in the works since early 2013.
May 25, 2016Bangor Savings receives nod from J.D. Power and Associates
May 6, 2016Bangor Savings Bank has received the highest score among qualifying retail banks in New England in J.D. Power and Associates' 2016 Retail Banking Satisfaction Study for the second year in a row.
May 6, 2016Bar Harbor Bankshares to merge with Lake Sunapee Bank Group
May 6, 2016Bar Harbor Bankshares (NYSE MKT: BHB) has signed a definitive merger agreement to acquire New Hampshire-based Lake Sunapee Bank Group (NASDAQ: LSBG) in an all-stock transaction valued at approximately $143 million, or about $17 per share.
May 6, 2016
Low costs lure financial institution back offices to Portland
May 2, 2016A new analysis of 45 cities in the United States and abroad shows the city of Portland to be the lowest-cost market in New England for back-office operations.
May 2, 2016
Startups in Maine need to move quickly to become mid-sized companies
April 18, 2016Two Maine financiers and innovators are calling for what seems a tall task: building a "middle class," or group of mid-sized, scalable Maine companies that can create and spin off new businesses and, more importantly, draw in skilled workers who
April 18, 2016The foibles of new technology
April 18, 2016The first time I observed just how frustrating new technology can be to consumers unfamiliar with it was in the lobby of a bank in Coolidge Corner in Brookline, Mass.
April 18, 2016How To: Work with your commercial lender to grow your business
April 18, 2016Spring brings growth and new activity. In the commercial lending world, it's also when small- and mid-size businesses get serious about launching, growing or expanding.
April 18, 2016
Colby looks to bonds to finance growth
April 18, 2016Colby College plans to spend up to a quarter-billion dollars on new campus buildings, with minimal impact on the college's endowment. As part of its long-term planning process, Colby in January 2015 issued $100 million in bonds, and currently is
April 18, 2016
Evolution1 rebrands itself as 'WEX Health'
April 8, 2016Evolution1, the cloud-based technology and health care payment company purchased by South Portland-based WEX Inc. for $532.5 million in June 2014, has changed its name to WEX Health.
April 8, 2016Navigate new EMV chip-card standards
April 4, 2016If you have not transitioned your payment systems to comply with EMV chip-card standards, you are now liable for chargebacks related to counterfeit card fraud.
April 4, 2016What might negative interest rates mean to Maine?
April 4, 2016There's been a lot of guessing about whether the Federal Reserve will proceed with its December plan to raise interest rates four times this year or possibly only two, given the economic turmoil in the first quarter.
April 4, 2016
Social and environmental investments yield more than economic returns
March 21, 2016Investing in social and environmental causes used to be associated with tree huggers and other “do-gooders,” but in recent years it has hit the mainstream, with returns equaling or sometimes exceeding those of other stocks in a portfolio.
March 21, 2016
Gorham Savings Bank is embracing new technologies
March 21, 2016Christopher Emmons, president and CEO of Gorham Savings Bank, is banking on new technologies like interactive teller machines and native ads popping up on cell phones to rein in and keep customers.
March 21, 2016
Gorham Savings raising LaunchPad purse to $50K
March 16, 2016Gorham Savings Bank's $30K LaunchPad Competition for early-stage companies will become the $50K competition in its fourth year this June 7, company President and CEO Christopher Emmons told Mainebiz.
March 16, 2016WEX beats analysts' projections, but stock drops
February 8, 2016WEX Inc. reported today financial results for the three months ended Dec. 31, 2015, with total revenue for the fourth quarter increasing slightly year-over-year at $212.6 million compared with $211.9 million for the same period in 2014.
February 8, 2016
Camden National Corp. posts 16% rise in FY 2015 earnings
February 5, 2016Camden National Corp., a $3.7 billion bank holding company headquartered in Camden, reported today it achieved a 16% increase in core operating earnings for the year ended Dec. 31, 2015, to $28.2 million and an 8% increase in core diluted earnings
February 5, 2016
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