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Banking & Finance
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Bangor organization that provides loans to underserved populations awarded SBA grant
September 25, 2015The U.S. Small Business Administration awarded $73,000 in grant funding to a Bangor community finance institution that provides credit and services to low-income Mainers, U.S. Sens. Susan Collins and Angus King announced Thursday.
September 25, 2015NYSE suspends trading in Verso stock
September 23, 2015The New York Stock Exchange suspended trading in Verso Paper Corp.'s stock after the share price dropped to 15 cents, the company announced Monday.
September 23, 2015New York investment firms buys majority stake in Apothecary by Design
September 22, 2015BelHealth Investment Partners, a New York firm, has bought a majority stake in Portland's Apothecary by Design, the Portland Press Herald reported Monday.
September 22, 2015
Second act: A former chamber CEO “retires” but keeps on working
September 21, 2015On June 3, Chip Morrison retired after 20 years as president and CEO of the Androscoggin County Chamber of Commerce.
September 21, 2015
Building a benefits practice: Wakelin, Hallock and O'Donovan join Eaton Peabody's Portland office
September 7, 2015The Portland law firm of Wakelin, Hallock and O'Donovan has joined with Eaton Peabody, creating what both firms say will be the second largest employee benefits and executive compensation practice group in the state after Verrill Dana.
September 7, 2015
KeyCorp CEO Beth Mooney talks about KeyBank's growth in Maine
August 24, 2015Beth E. Mooney, chairman and CEO of KeyCorp (NYSE: KEY), the parent of KeyBank, recently visited Portland for a “town hall” meeting with local employees, as Maine was the best-performing region for the bank last year.
August 24, 2015Judge OKs Mid Coast purchase of Parkview hospital
August 21, 2015A U.S. Bankruptcy Court judge in Portland approved a plan that will allow Mid Coast Health Services to purchase the assets of Parkview Adventist Medical Center in Brunswick for approximately $7.87 million.
August 21, 2015Police, FBI investigating Bank of Maine teller
August 19, 2015A teller at Bank of Maine's Brunswick location is under investigation by local and federal officials for allegedly siphoning nearly $100,000 from a customer's business account.
August 19, 2015Agency gives $40K to 5 Maine credit unions
August 13, 2015The National Credit Union Administration, an independent federal agency, is giving nearly $40,000 to five credit unions across Maine as part of a competitive grant process.
August 13, 2015Camden National homeless donations reach $20K
August 13, 2015Camden National Bank has donated $20,000 to over 30 Maine homeless shelters after launching its Hope@Home program earlier this year.
August 13, 2015
At Bangor Savings Bank, accelerated leadership program attracts talent
August 10, 2015In May, Amber Allen graduated from the Husson University College of Business, having earned her Bachelor of Science degree in management, in conjunction with an MBA, during a special five-year program.
August 10, 2015
CashStar nabs $15M for expansion
August 6, 2015Prepaid card company CashStar of Portland said Wednesday it had closed a $15 million Series D round of venture capital led by FTV Capital.
August 6, 2015MMA trustee seeks to abandon Hermon rail tie yard
August 3, 2015The trustee for bankrupt Montreal, Maine and Atlantic Railway has filed a motion seeking court approval to abandon a 5.5-acre rail yard at Northern Maine Junction in Hermon containing ties treated with creosote, a wood preservative that officials
August 3, 2015CMS terminates Medicare, Medicaid payments for Parkview hospital
August 3, 2015The federal government has filed documents with the U.S. Bankruptcy Court in Portland stating the Parkview Adventist Medical Center in Brunswick is no longer eligible to receive Medicare and Medicaid service payments after terminating its inpatient
August 3, 2015
Camden National gets green light to buy Bank of Maine in $135M deal
July 27, 2015The parent company of Camden National Bank said Monday it has received shareholder and regulatory approvals to buy The Bank of Maine in a deal valued at roughly $135 million.
July 27, 2015
Growth spurt: The County Federal Credit Union expands its offices, assets under new CEO
July 27, 2015Rising over the lobby of The County Federal Credit Union's newest branch in Houlton is a wall-to-wall replica of nearby Gateway Crossing footbridge, which stretches across the Meduxnekeag River to give walkers access to the historic downtown Marke
July 27, 2015
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