Banking & Finance

In his first week as president and CEO, Dan Tilton told Mainebiz that while the bank is open to potential acquisition or branch expansion opportunities, it remains committed to its existing footprint.

A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.

Ryan Ellsworth, president and CEO of the County Federal Credit Union, foresees more mergers in the industry.

The financial institution, owned by Houlton-based Katahdin Banskshares Corp., said it has more than $1.09 billion in assets.

The year’s good news ran the gamut — from mentoring teens in lobstering to combating food insecurity.

Here's your curated list of C-suite insights shared by 10 Mainebiz panelists this year.

This year's notable deals include the acquisition of Belfast's Front Street Shipyard by a Blackstone-backed marina operator, and hammond Lumber's purchase of Ware-Butler.

“Our goal is to design a campus that functions better for customers and employees, improves safety and traffic flow, and fits the character of the neighborhood,” said one executive.

Proceeds from the sales are invested into upgrades at other locations. In Portland, the bank had maxxed out its downtown facility, which resulted in a lease in the Old Port.

Mainebiz recorded changes at law firms, banks, health care institutions, utilities and nonprofits.