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Maine business, nonprofit leaders share 2021 policy 'wish lists' for lawmakers
Updated: November 4, 2020The heads of associations for Maine's hospitality, nonprofit, banking and credit union sectors tell Mainebiz what they want legislators in Washington and Augusta to tackle first when they next convene.
Updated: November 4, 2020
Portland financial firm continues acquisition spree
Updated: November 3, 2020Private equity-backed Foreside Financial Group announced Monday that it has acquired Integrated Compliance Solutions Group, of Hartford, Conn., for an undisclosed amount. The deal is Foreside's fourth strategic buy since early 2019.
Updated: November 3, 2020
WEX hits pause on $50M Scarborough building, but not on M&A
Updated: October 30, 2020WEX Chair and CEO Melissa Smith told Mainebiz the payments company is holding off on a decision until 2021, as most of the payment firm's employees continue working from home.
Updated: October 30, 2020
On the Record: Jeffrey Hobbs sees new, but different, life in Maine's funeral home industry
Updated: November 2, 2020The owner and president of Hobbs Funeral Home, based in South Portland and Scarborough, reflects on the new normal at the business his parents started nearly 80 years ago.
Updated: November 2, 2020
Ask ACE: How do I prepare myself financially for running a business?
Updated: January 21, 2022A guest consultant advises a reader on what financial steps to take now in order to be ready for starting a business tomorrow.
Updated: January 21, 2022
Feeling impact of pandemic, WEX posts double-digit drops in Q3 revenue, earnings
Updated: October 29, 2020"Our sales momentum continues to be strong which is important to meeting our long-term growth targets and creates confidence in the future of WEX," said Melissa Smith, chair and CEO of the Portland-based financial technology service provider.
Updated: October 29, 2020
Maine tweaks taxes on COVID-related telework for out-of-state companies
October 20, 2020Maine residents who have been working at home for out-of-state companies because of COVID-19 won't be dinged with extra taxes under new guidance and proposed legislation from the Mills administration, which also calls for tax breaks for those paying
October 20, 2020
Ask ACE: What is the best way to deal with the possibility of future emergency shutdowns?
Updated: July 22, 2021A guest consultant advises a Mainebiz reader on what businesses can do now to prepare for COVID closures (or other crises) in days to come.
Updated: July 22, 2021
Maine credit union chief sees room for streamlining merger reviews
Updated: October 13, 2020As Maine State Credit Union and Midcoast Federal Credit Union join forces to form the state's largest credit union, Mainebiz checked in with Todd Mason, president and CEO of the Maine Credit Union League, for his take on prospects for further
Updated: October 13, 2020
140-year-old Old Town company names new president, its 8th ever
October 9, 2020The James W. Sewall Co. tapped Charles Nadeau, previously COO and CFO, to succeed George N. Campbell Jr., who has been named chairman of Sewall's parent company in Yarmouth.
October 9, 2020
Bank breaks ground on $8M Westbrook operations center
Updated: October 7, 2020Ten months after a merger, the parent company of Biddeford Savings and Mechanics Savings broke ground on a 23,000-square-foot operations center that will serve as a "bridge" between its principal markets.
Updated: October 7, 2020
Giving Notebook: $25K for southern Maine nonprofits, MCF marks Waldo County milestone
October 5, 2020In its ongoing effort to be a good neighbor to nonprofits in the two counties it serves, Scarborough-based Town & Country Federal Credit Union has launched a month-long vote for recipients of $25,000 in grants from its Better Neighbor Fund.
October 5, 2020
Maine joins multistate settlement with Anthem over 2015 data breach
Updated: October 2, 2020Through the $39.5 million settlement with 44 states, Anthem has agreed to a series of governance provisions designed to strengthen its practices going forward. Maine will also get resources for consumer protection activities through the settlement.
Updated: October 2, 2020Ask ACE: Can an organization manager become an entrepreneur?
Updated: August 31, 2021A guest consultant advises a reader on making the leap from a "typical organization" to entrepreneurship in a different field. It's possible, but the challenge is developing the right attitude and outlook.
Updated: August 31, 2021
Norway Savings announces first step toward CEO Weigel's retirement
Updated: September 30, 2020Executive Vice President Dan Walsh will become the bank's 17th president, while Patricia Weigel will stay on as CEO until her retirement in December 2021. Weigel was also named chairwoman of the bank’s board of directors.
Updated: September 30, 2020
Mainers may have been conned out of $700K, state says in federal lawsuit
September 28, 2020The Los Angeles-based defendants allegedly bilked $185 million from seniors and others nationwide in a precious-metals investment scheme.
September 28, 2020
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