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Banking & Finance

  • Maine Angels puts $2M in 26 deals, sees 2nd exit

    Lori Valigra March 24, 2015

    Maine Angels ended 2014 with more than $2 million invested in 26 deals, including money put into nine new companies.

    Lori Valigra March 24, 2015
  • Gelato Fiasco, CashStar attract new investment

    Lori Valigra March 23, 2015

    Gelato and sorbetto company Gelato Fiasco Inc. of Brunswick has sold $782,660 of an indefinite debt offering, according to a document filed with the U.S. Securities and Exchange Commission. The first date of sale was Jan. 28.

    Lori Valigra March 23, 2015
  • Investor seeks 'other users' for shuttered GNP mill

    March 6, 2015

    The California investor that bought the shuttered Great Northern paper mill in East Millinocket for $5.4 million no longer is marketing the facility to newsprint manufacturers and is seeking “other users” for the site.

    March 6, 2015
  • Fitness center in Brewer to liquidate assets

    March 3, 2015

    A Snap Fitness franchise in Brewer has filed for Chapter 7 bankruptcy more than a year after it was listed for sale.

    March 3, 2015
  • Old bank, new times: Bangor Savings strategy calls for southern expansion and new technology

    Lori Valigra February 23, 2015

    As the newest captain at the helm of a 163-year-old ship, Bangor Savings Bank President Bob Montgomery-Rice sees the future in expanding branches in southern Maine and adding more technology to the bank's repertoire of services.

    Lori Valigra February 23, 2015
  • Tilson Technology raises $600K from Buffalo firm

    February 19, 2015

    Tilson Technology Management Inc., a Portland-based telecommunications services provider, has raised $600,000 in venture capital as part of a $2.2 million equity capital infusion.

    February 19, 2015
  • Union dairy farm files for bankruptcy

    February 13, 2015

    Harris Hills Organic Dairy in Union has filed for Chapter 7 bankruptcy, nearly a year after it took in cows that were rescued from a fire at a farm in Turner.

    February 13, 2015
  • Radio Shack closing 13 Maine stores

    February 11, 2015

    Radio Shack is set to close 13 Maine stores after filing for Chapter 11 bankruptcy last week.

    February 11, 2015
  • The First Bancorp names new CEO

    February 11, 2015

    The First Bancorp Inc., with headquarters in Damariscotta, has named its longtime chief operating officer as its new CEO and president, less than a year after predecessor Daniel Daigneault announced his retirement.

    February 11, 2015
  • Two Maine banks to form partnership

    February 5, 2015

    Mechanics Savings Bank and Biddeford Savings Bank are forming a holding company that would own both banks and increase their loan capacity, among other things.

    February 5, 2015
  • Wiscasset aerospace contractor looks to raise $4.5M

    Lori Valigra January 26, 2015

    Four Maine companies raised money recently through equity, debt or pooled investment fund interest offerings.

    Lori Valigra January 26, 2015
  • How to prepare for a tax audit

    Jaclyn Johnson January 26, 2015

    Within the last year, the IRS announced that we should expect an increase in partnership audits, small business audits and non-cash company audits. Yet, early in 2014, we were informed of a decrease in actual audits by the IRS.

    Jaclyn Johnson January 26, 2015
  • Camden National program to help the homeless

    January 23, 2015

    Camden National Bank said Thursday it is launching a program to provide funding for the homeless.

    January 23, 2015
  • January 22, 2015
  • Maine venture capital deals rise in number, fall in value

    Lori Valigra January 16, 2015

    More Maine companies found venture capital investments in 2014 over the prior year, but the total value of the deals was about 68% less for the year, and fourth quarter numbers were anemic compared to each of the first three quarters.

    Lori Valigra January 16, 2015
  • Two Maine credit unions merge

    January 6, 2015

    The Portland Police Department Federal Credit Union is merging with TruChoice Federal Credit Union, which has locations in Portland and Buxton.

    January 6, 2015

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Today's Poll

Do your plans call for vacationing in Maine this summer?
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Poll Description

Summer is in full swing, and many readers are thinking about where to go next.

Maine often tops the list with its stunning coastline, fresh seafood, peaceful forests and charming small towns. Maine is known as Vacationland for a reason.

Not surprisingly, many people who live in Maine also vacation here.