Banking & Finance

A merchant services division will help businesses navigate increasingly complex commerce and technology needs.

"We exist to back AI-native companies looking to transform industries with world class teams building from places many VCs overlook," said Chris Wolfel, founder and general partner of Corsair Venture Partners.

For the fiscal year ended March 31, the owner of Bangor Savings Bank had net income of $30.2 million, up from $12.6 million a year earlier.

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

Travis Hersom will oversee the bank’s IT strategy, including systems platforms and investments supporting operations and customer service.

“We'd like to give our employees the best views ... of the capital and the river,” Andrew Silsby, president and CEO, told Mainebiz.

“The new Bangor Region YMCA demonstrates the power of new-markets tax credits to bring transformative capital to downtowns and rural communities,” said an Evernorth representative.

If a loophole in federal legislation is not closed, the availability of small business loans, home mortgage loans and other forms of credit will be dramatically reduced, the head of the Maine Bankers Association writes in a guest commentary.

NBT Bank's history in Maine actually goes back more than a decade, with the opening of a commercial lending office on Widgery Wharf in Portland.

Aaron Stetter, an executive vice president for affiliate and volunteer relations with the Independent Community Bankers of America, will succeed Jim Roche as president of the Maine Bankers Association.