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Company stock ownership is seen as a way for employees to “benefit from the company’s prosperity.” More than 60 Maine companies are owned as ESOPs.
Cris Wescott, interim president and CEO of the Maine Credit Union League, believes the recession fears of a year ago have receded but does not expect significant economic growth in Maine in 2024.
The for-profit platform, which bills itself as an “easy way to raise money” from friends and family, has become a resource for Mainers affected by this week's flooding.
SaviLinx cited Micky Thomas' "ability to drive greater financial rigor, transparency and decision-making support at companies undergoing rapid growth and transformation."
In his new role, former StitchFitch executive Sachin Dhawan will lead the WEX global technology organization. Aimee Cardwell has joined the WEX board.
The merged entity would have nearly $2.7 billion in assets and become Maine's second-largest mutual savings bank.
A Maine credit rating has ticked upward, and State Treasurer Henry Beck is upbeat about the chance of a general credit upgrade — even though Maine has no immediate borrowing plans.
A founding partner of Portland-based law firm Preti Flaherty, he died Nov. 10 at age 99, surrounded by family.
Mainebiz asked 10 movers and shakers from around the state what they are most thankful for this Thanksgiving. One response: "Maine is a magical place and I appreciate living and working here more than ever.”
The Auburn-based firm, with 69 locations, offers entry-level technicians a cart filled with tools valued at $2,000. Employees get to own the cart and tools after being with VIP for a year.
The County, ranked No. 7 among the largest Maine-based credit unions, has appointed Brad Wolverton as its next chief financial officer.
Spinnaker Trust, a Portland-based financial services firm, has appointed Zachary Smolkin as vice president and chief trust officer, and has promoted Caitlin DiMillo to senior vice president and client advisor.
Businesses have been victimized by having their checks 'washed' or after being stolen so that information could be used to make fraudulent fund transfers, writes guest columnist Joseph Luciano, a banker.
The “Best Places to Work in Maine” program, in its 18th year, named 134 organizations to the list, the most companies ever recognized with the distinction.
Succession planning is never easy but guest columnist Drew Oestreicher, a senior client advisor at Spinnaker Trust, offers a strategy to get started.
New hires, promotions and achievements from businesses and nonprofits around Maine.