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Two of Maine's publicly traded banks reported increases in their net income during the first quarter of 2009.
Bar Harbor Bankshares said its net income was $2.6 million in the first quarter of 2009, an increase of $673,000 over first quarter of 2008. The bank said non-interest expenses related to the write-down of bad venture capital investments whittled away at total non-interest income, which declined year over year by $445,000 to $1.6 million, according to a company press release.
Camden National Corp. said its net income was $6.2 million in the first quarter of 2009, a $20,000 increase from the same period last year, according to a company release. The company's assets were $2.3 billion, a decrease of $4.9 million from total assets on March 31, 2008, according to a press release from the company. The decrease was due to declines in commercial real estate and commercial loan portfolios.
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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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