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Banking & Finance
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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, 2016Optimistic economic outlook heralds name change for Maine bank
February 2, 2016A 150-year-old Maine banking institution has announced both a new name and the launch of a new “Dream Big” vision that it hopes will bring the institution forward during a period when many economic indicators show a continuously strengthening
February 2, 2016Report finds majority of Americans without savings
January 19, 2016A recent study finds that fewer Americans have a significant amount of savings, a problem for those that are faced with unexpected expenses such as medical emergencies as well as car and home repair.
January 19, 2016
Investment in Maine companies rises sharply
January 15, 2016The amount of money raised by Maine companies rose almost fivefold from 2014 to 2015, though the number of total deals remained the same, indicating a rise in the average amount raised per deal.
January 15, 2016Camden National sponsoring Top Gun
January 14, 2016Camden National bank has committed $10,000 a year for three years to support the Maine Center for Entrepreneurial Development's Top Gun and Maine Mentor Network programs, making the bank the largest contributor for Top Gun 2016.
January 14, 2016
Looks like a better year, but chronic weaknesses need to be addressed
January 11, 2016Every year, Mainebiz asks some of the state's leading economists to look to the coming year and offer their thoughts, worries and forecasts. We may be out of the recession, but there is plenty of uncertainty out there. Our experts weighed in with
January 11, 2016Fund raising rings in the new year
January 11, 2016Redfern Longfellow LLC kept the momentum of last year's high fund-raises going by pulling in all of a $4.3 million equity offering, the first of 2016.
January 11, 2016
State program uses bank tellers to target financial abuse of Maine seniors
December 28, 2015The state-sponsored program, Senior$afe, which trains bank and credit union tellers to look for signs of financial abuse of seniors, has led to the reporting of 30 suspected cases so far.
December 28, 2015WEX subsidiary fined $1.75 million for part in deceiving students with financial aid program
December 24, 2015A subsidiary of South Portland-based WEX Inc. has been fined $1.75 million by financial regulators and ordered to pay restitution to customers for its role in deceiving college students about financial aid disbursements.
December 24, 2015Biddeford manufacturer Hyperlite Mountain Gear secures $1.13 million investment
December 11, 2015The Biddeford-based outdoor equipment manufacturer recently raised more than $1 million from investors to help it grow.
December 11, 2015Bangor Savings Bank to close four branches
December 7, 2015The bank says it will consolidate four of its branch locations by the end of next June as a result of less activity at the bank's physical locations.
December 7, 2015For both investors and startups, there is more to consider than the money
November 30, 2015Leaders of Maine venture capital, private equity and angel investing groups say startups should be diligent when choosing investors, focusing on what will be expected of them and what they can expect from investors.
November 30, 2015
CEI uses tax credit program to funnel capital into distressed local economies
November 30, 2015Since 2004, CEI Capital Management has placed $913.4 million in combined federal and state New Markets Tax Credit investments into 87 projects from Maine to Hawaii.
November 30, 2015
Top five priorities for Maine's banking industry heading into 2016
November 30, 2015Christopher Pinkham, president of the Maine Bankers Association, says these five issues, which include cyber security and student debt, will be priorities for the state's banking industry next year.
November 30, 2015Charles Cawley, founder of MBNA, dies at 75
November 19, 2015Charles Cawley, who founded the credit card giant MBNA Corp. and left a lasting mark on Maine with his philanthropy, died Wednesday morning at his home in Camden.
November 19, 2015Two Maine companies surpass Kickstarter goals
November 4, 2015Online crowdfunding campaigns by Maine companies for an all-terrain tripod and a compact pocket knife have well exceeded their fundraising goals.
November 4, 2015
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