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Maine banks, like ones across the country, are getting impatient for the Federal Reserve to cut interest rates.
Tony DiSotto, who was named Maine market president in October 2022, will also serve as market president for Vermont.
Kennebunk Savings Insurance has appointed Mark Ross as its director of insurance operations.
Spinnaker Trust has appointed Eugenio Figarella as assistant portfolio manager.
Camden National Bank has promoted Barbara Raths, who formerly served as director of treasury management and government banking, to executive vice president of commercial banking.
For its 30th anniversary, Mainebiz looks back at the business climate in 1994, including some businesses that have grown since then.
The investment firm, which has offices in Kennebunk and Portland, appointed Morgan Mosher as director of client operations.
The acquisition of Augusta-based Turf Doctor will give Washington State-based Senske Services a foothold in New England.
Plans for the branch come soon after state regulators approved UCU's request to convert to a community charter, opening membership to residents and businesses in 11 Maine counties.
A cyberattack against one of the country's largest retail mortgage lenders may have exposed the personal information of 16.9 million people nationwide.
Both are financial services providers with operations in Maine.
Allen Insurance and Financial has named Abraham Dugal as director of investment management.
Spinnaker Trust has promoted three client advisors to senior vice president positions.
Michael Currie has been named chairman of HM Payson, after almost two decades as president of the firm.
A roundup of new hires, promotions and achievements at businesses, nonprofits and professional firms in Maine.
The Portland-based financial services firm promoted Caitlin DiMillo from the position of senior vice president and client advisor.
The first quarter of 2025 gave businesses a lot to think about, with ever-changing trade policies, funding cuts, market volatility and so on.
J.P. Morgan Research last month put the probability of a recession in 2025 at 60%, up from 40%. It said tariffs — particularly taxes on imports from China — were a "material threat to growth."
While recessions are "inherently unpredictable," says J.P. Morgan's chief global economist, most businesses probably have some sense by now of what's ahead.
With the second half of the year in sight, Mainebiz wants to get an idea of the mindset of Maine business leaders.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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