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Banking & Finance

  • New York-based bank opens in Portland, cites growth potential in region

    Dylan Martin November 4, 2014

    NBT 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.

    Dylan Martin November 4, 2014

  • Bank’s future in Kennebunk hinges on ballot

    October 24, 2014

    Kennebunk Savings’ future in Kennebunk is reportedly hinging on a referendum question on the town’s local ballot that would allow the bank to expand operations there.

    October 24, 2014

  • Midcoast bank mum on $3.8M charity theft case

    October 20, 2014

    The midcoast bank used to deposit $3.8 million allegedly stolen by a Rockport businessman from a Camden-based charity is remaining quiet on the issue.

    October 20, 2014

  • Second GNP company files bankruptcy

    October 20, 2014

    A second company related to Great Northern Paper Co.’s East Millinocket mill has filed for Chapter 7 bankruptcy, which one lawyer hopes could lead to a reopening of the mill.

    October 20, 2014

  • Eleven Maine companies recently raised capital

    Lori Valigra October 20, 2014

    Maine companies continue to raise money actively, filing Form Ds with the U.S. Securities and Exchange Commission for equity or debt offerings. There were 38 filings through early October of this year compared with 44 for all of 2013.

    Lori Valigra October 20, 2014

  • Tilson Technology only Maine venture deal in Q3

    Lori Valigra October 17, 2014

    Tilson Technology Management Inc., a Portland-based provider of telecommunications services, was the only Maine company to raise venture capital in the third quarter, pulling in

    Lori Valigra October 17, 2014

  • Ch. 7 bankruptcy sought for Old Town mill

    October 14, 2014

    Four creditors of the shuttered Old Town Fuel and Fiber are seeking to force the company into involuntary Chapter 7 bankruptcy in order to recoup over $1 million in debt.

    October 14, 2014

  • Maine Angels one of most active US groups

    October 10, 2014

    The Maine Angels closed on 14 deals during this year's second quarter, making it one of the country's most active angel investment groups, according to a new report.

    October 10, 2014

  • Decades-old Bath business to file bankruptcy

    October 8, 2014

    An 86-year-old appliance business in Bath that abruptly closed last month is planning to file for bankruptcy, possibly leaving dozens of customers without refunds.

    October 8, 2014

  • Maine credit unions soar in 2014 membership

    October 8, 2014

    Membership at Maine’s 61 credit unions surged to 646,429 statewide, reflecting an additional 10,000 new members from Dec.

    October 8, 2014

  • GNP bankruptcy case moves to Maine

    October 6, 2014

    The bankruptcy case of Great Northern Paper Co. is switching venues from Delaware to Maine after a federal judge last week made the ruling sought by several creditors.

    October 6, 2014

  • Maine AG seeks relocation of GNP case

    October 3, 2014

    The Maine attorney general and the towns of Millinocket and East Millinocket have joined the call to relocate the bankruptcy case of Great Northern Paper Co.

    October 3, 2014

  • Ex-TD Bank executive gets prison sentence

    October 2, 2014

    A former vice president for TD Bank in Falmouth who spent nearly $241,000 with a company credit card on strip clubs and alcohol has been sentenced to prison.

    October 2, 2014

  • Great Northern Paper files for Ch. 7 bankruptcy

    September 24, 2014

    Great Northern Paper Co., the company that had previously said it would reopen its East Millinocket mill this fall, has filed for Chapter 7 bankruptcy, with at least $50 million in debt.

    September 24, 2014

  • Home Depot data breach in Maine worsens

    September 18, 2014

    The number of Maine credit cards stolen in a Home Depot data breach has nearly doubled since it was first reported, making it possibly the largest theft ever of consumer data in Maine.

    September 18, 2014

  • RadioShack’s future in Maine unclear

    September 12, 2014

    The future of RadioShack’s 35 stores in Maine is up in the air after the company announced this week that it may file for bankruptcy.

    September 12, 2014

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Today's Poll

Do your plans call for vacationing in Maine this summer?
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. 

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