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Banking & Finance
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Kennebec Savings Bank names new CEO
January 5, 2015Kennebec Savings Bank has named an executive who was instrumental in starting the bank’s wealth management division as its new CEO and president.
January 5, 2015Bangor Savings' new leader to take post soon
December 17, 2014Bangor Savings Bank announced on Wednesday that Bob Montgomery-Rice will take his post as president in January and as the bank’s CEO and director in April.
December 17, 2014New Maine credit union to focus on small farms
December 15, 2014Two finance professionals are planning to launch the Maine Harvest Credit Union, a credit union that will focus on helping small farms buy land and equipment.
December 15, 2014
Maine Venture Fund fills an important niche
December 15, 2014With both returning and home-grown management talent, Maine's high-growth companies are catching the eye of investors.
December 15, 2014GNP mill's buyer: All options are open
December 3, 2014Hackman Capital Partners, a California-based investment firm, will purchase the Great Northern Paper Co. mill in East Millinocket for $5.4 million after making the winning bid in an auction.
December 3, 2014
What's in your wallet? Increasingly, endowment investments are subject to scrutiny
December 1, 2014If the fledgling fossil fuel divestment movement for endowments catches on, it will be in part due to the pioneering work of Unity College and investment advisers at Spinnaker Trust in Portland.
December 1, 2014
Machias Savings Bank CEO Larry Barker talks about northern expansion and economic recovery
December 1, 2014Larry Barker worked his way up the ranks of Machias Savings Bank to become its president in 2011. He now is also the bank's CEO. Since 1869, Machias Savings has maintained a strong presence Down East.
December 1, 2014
Adding depth to ‘shallow economies’: In field of New Markets Tax Credits, CEI has found a niche
December 1, 2014Legislation creating the New Markets Tax Credit program was enacted by Congress in 2000 with unusually strong bipartisan majorities, and signed into law by President Bill Clinton.
December 1, 2014Sale of Old Town mill moves forward
November 20, 2014The proposed $10.5 million sale of the Old Town pulp mill cleared one obstacle this week in a move that could reopen the facility and restore about 180 jobs.
November 20, 2014Sales process OK'd for GNP mill
November 17, 2014The sales process for the Great Northern Paper Co. paper mill in East Millinocket is moving forward after receiving approval from a bankruptcy court judge on Friday.
November 17, 2014Maine Angels to get first return on investment
November 13, 2014Maine Angels is expected to get its first-ever return on investment after one of its portfolio companies went public last month.
November 13, 2014Bankruptcy judge ruling to decide GNP’s fate
November 12, 2014A federal bankruptcy court judge is expected to rule Friday on a bankruptcy trustee’s motions to sell the former Great Northern Paper Co. mill to a stalking-horse bidder on Dec. 2 if no other bids are received by Dec. 1.
November 12, 2014Feds close cod fishing in Gulf of Maine
November 11, 2014Large areas of the Gulf of Maine will be closed to cod fishing, federal regulators announced on Monday. The closures, due to take effect later this week, are in response to continuing declines in the cod fish population.
November 11, 2014Potential buyer could restart GNP mill
November 7, 2014The bankruptcy trustee for Great Northern Paper Co. said a few potential buyers for the company’s East Millinocket mill may seek to reopen it for paper production.
November 7, 2014Mortgage lender opens fifth Maine branch
November 6, 2014Danvers, Mass.-based Mortgage Network Inc. has opened a new branch in Freeport as part of its strategy to expand in areas where the housing market has been recovering.
November 6, 2014New York-based bank opens in Portland, cites growth potential in region
November 4, 2014NBT Bank, an upstate New York-based commercial bank, has opened a regional headquarters in Portland as part of its northern New England growth strategy. It's the first national commercial bank to expand into Maine since 2005.
November 4, 2014
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