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Banking & Finance

Scarborough financial service firm sees rebrand as part of its evolution

Clients include independent software vendors, “software as a service” providers, medical practices, value-added resellers and major retailers, including some of the nation’s most recognized luxury department stores.

🔒Skowhegan Savings CEO charts ‘methodical’ growth in 2026

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.

🔒Newsworthy people and performances for Jan. 12, 2026

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

🔒Financial services: Aroostook-based credit union eyes continued expansion

Ryan Ellsworth, president and CEO of the County Federal Credit Union, foresees more mergers in the industry.
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Katahadin Trust parent could buy back up to $2M in shares in 2026

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

From making waves to fighting hunger: Uplifting news in 2025

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

‘Check your ego at the door’ and other leadership lessons

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

Maine merger activity in 2025 cut across sectors from maritime to potato processing

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.
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Kennebec Savings seeks to build five-story building at Augusta campus

“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.

Camden National retools its real estate holdings, selling two sites but leasing another

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.
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