Banking & Finance

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Prudential Financial expands in Portland

Prudential Financial this morning opened its second insurance office in downtown Portland. The Newark, N.J.-based financial...

Cash on the table | A down economy may have commercial borrowers worried, but Maine banks still have money to lend

In January, the National Association of Government Guaranteed Lenders asked its 700 members how the turmoil in...

Safe at work | Talking workers’ comp with John Leonard, president and CEO of Portland-based insurer The MEMIC Group

In the early 1990s, Maine's workers' compensation market was a wreck. Workplace injuries were well beyond the...
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Risk and REWARD | Joe Kumiszcza’s got a $100 million game plan for growing Maine’s technology sector

MESDA has a clever ring to it, perhaps because within certain circles in Maine it's associated with...

Futurama | Kennebec Savings Bank invests in cutting-edge ATMs to stay ahead of the competitive curve

In the Augusta suburb of Manchester, on a busy stretch of Route 202 dotted with gas stations,...

The catalysts | Small but nimble, community banks may change banking forever

No one knows what the future will bring. The universe unfurls in its private chaotic majesty. If...

Calculated bet | With five acquisitions in the last 12 months, Northeast Bank has made a splash in Maine’s insurance market

Last year, Northeast Bank began an acquisition binge, gobbling up five Maine insurance agencies in a bid...
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Just three years after its ambitious launch, some say it’s time to pull the plug on Maine’s DirigoChoice health insurance program

Hildie Lipson is crossing her fingers that DirigoChoice enjoys a long, healthy life. Lipson runs the Augusta...

Over the hedge | Maine’s colleges look beyond stocks and bonds to manage their endowments. Is the risk worth the reward?

In July, Sowood Capital Management experienced a flameout of epic proportions. The high-flying Boston hedge fund crashed...
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