Banking & Finance

Over the last four quarters, the company has surpassed consensus earnings per share estimates three times.

Impactive Capital, a hedge fund that owns 4.9% of the Portland-based fintech provider, is calling for the ouster of some WEX board members, including Chair and CEO Melissa Smith, at next week’s annual shareholders meeting.

NBT Bank, which has had a commercial lending office in Portland since 2014, opened a retail branch earlier this year at 191 Marginal Way.

The company described the quality of its assets as "sound," marked by a decline in non-performing loans from the previous quarter and a "satisfactory" overall credit performance.

The Portland-based fintech services provider posted earnings and revenue that surpassed market expectations and urged shareholders to resist calls by an activist hedge fund for a board shakeup.

LD 1901, “An Act to Regulate Shared Appreciation Agreements Relating to Residential Property,” was sponsored by state Rep. Arthur Bell, D-Yarmouth and signed into law by Maine’s governor last week.

Our cover story looks at Maine’s startup network and how it goes about getting financing.

A bill cosponsored boy Maine's independent senator seeks to ensure that the IRS enforces the tax code more fairly and serves taxpayers better.

New startup funding routes in Maine include a venture capital firm aiming to close its first two investments this month; a venture studio that’s tapping academic talent to get new businesses off the ground; and a revenue-based debt instrument for growth capital.

A number of banks across Maine, looking to right-size their footprint and leverage market opportunities, have been retooling their real estate portfolios, with properties bought and sold along with renovations and new construction.