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Banking & Finance
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Charles 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
Portland area sees spate of bank expansions
November 2, 2015Bangor Savings Bank's $10 million project relocating its Fore Street branch in Portland to Middle Street is one of several recent or planned bank expansions in southern Maine.
November 2, 2015Crowdfunding investment fund proposed for Katahdin-area businesses
October 28, 2015A community group that promotes development in the Katahdin region is developing an equity crowdfunding platform so people can invest in Katahdin-area businesses.
October 28, 2015
WEX's third quarter earnings fall despite increased revenues
October 28, 2015Lower fuel prices and volatility in foreign currency markets continue to plague WEX Inc. (NYSE: WEX), which reported today that its third quarter net earnings were $32.2 million, compared with $74.4 million for the same period a year ago.
October 28, 2015SBA loans in Maine increased by 22% in FY15
October 23, 2015The number of loans provided the U.S. Small Business Administration in Maine grew by 22% in the most recent fiscal year over 2014.
October 23, 2015National park app developer Chimani raises $745,000
October 22, 2015Chimani, a Portland-based developer of national park mobile apps, said Thursday that it raised $745,000 from the Maine Venture Fund, Maine Technology Institute, Maine Angels and individual investors, including Steve King, an early Facebook employee.
October 22, 2015Bangor Savings Bank to sponsor UMaine women’s basketball
October 20, 2015Bangor Savings Bank will be the title sponsor of the University of Maine's women's basketball team for the next three years, the university's athletic department and its multimedia rights holder, Black Bear Sports Properties, announced Monday.
October 20, 2015
Gorham Savings Bank buys rest of Grand Trunk building in Portland
October 19, 2015Gorham Savings Bank's recent purchase of the top two floor of Portland's historic Grand Trunk Office Building at the corner of India and Thames streets sets the bank up to redevelop the century-old property.
October 19, 2015FAME bans 'one-day loans' for New Markets Tax Credit program
October 16, 2015The Finance Authority of Maine voted Thursday to ban the use of “one-day loans” to qualify for economic development incentives under the state's New Markets Tax Credit program, two months after putting an emergency rule in place halting the practice.
October 16, 2015
Camden National and Bank of Maine complete merger
October 16, 2015The merger of The Bank of Maine into Camden National Bank is expected to be completed today, making it the largest bank headquartered in Maine.
October 16, 2015
WEX to acquire Nebraska health care billing software company
October 16, 2015WEX Inc., a South Portland-based provider of corporate payment solutions, announced Thursday that it has reached an agreement to acquire Benaissance, a health care billing software firm in Nebraska, for $80 million.
October 16, 2015
Three Maine venture capital deals in Q3 top $67.8M
October 16, 2015Venture capitalists pumped $67.8 million into three deals in Maine in the third quarter of 2015, up significantly from $1.75 million for three deals in the same quarter last year.
October 16, 2015Bangor Savings Bank announces $10 million Portland expansion
October 6, 2015Bangor Savings Bank announced in a press release Tuesday morning that it would be revealing plans for a $10 million expansion Thursday.
October 6, 2015
Portland sustainability startup wins $100,000 investment in pitch competition
October 5, 2015Rapport, a Portland startup that develops software for businesses to track sustainability metrics, won a $100,000 investment from AOL founder Steve Case's investment company during a pitch competition Friday in Portland.
October 5, 2015Maine Angels’ investment activity ranks third in New England
October 1, 2015The Maine Angels was the third most active angel investment group in New England between 2010 and the second quarter of 2015, according to a recent national report on angel investment activity, the Portland Press Herald reported Wednesday.
October 1, 2015
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