Banking & Finance

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.

Christina M. Carter has been named president of the Freeport-based credit union, effective April 1, as longtime President and CEO Joseph R. Gervais prepares to retire in 2027.

The new measure, signed by the governor this week, bars medical debt collectors form placing a lien on a person's home or garnishing their wages.

The Fort Kent-based credit union has nine branches across Aroostook, Penobscot, Hancock, Washington and Piscataquis counties.

“In our increasingly digital world, face-to-face relationships where bankers are familiar with their customers are becoming increasingly important in the fight against fraud," said Jim Roche, president of the Maine Bankers Association.

The Portland-based provider of financial technology services said that its solution enables workplaces to carve out GLP-1 courage into a defined-contribution Health Reimbursement Arrangement, or HRA.

Corsair Venture Partners, led by founder and general partner Chris Wolfel, completed a first close of $3.5 million with plans to raise another $25 million by the end of the second quarter.