Maine Community Bancorp

The competitive grant program is designed to help businesses fund a single capital purchase — such as equipment, technology or facility upgrades — that will help drive expansion, increase production or enhance market reach. 

In Her Presence, Grahamtastic Connection and Children's Odyssey will be the three beneficiaries of proceeds from this year's Maine Marathon.

Jim Roche, president of the Maine Bankers Association, said he expects more banks to seek economies of scale through combinations.

The combined institution has total assets of around $7 billion and 73 branches in Maine and New Hampshire.

The enlarged bank, now known as Maine Community Bank, employs more than 370 people, and has branches in Cumberland, Androscoggin and York counties. 

One banking analyst tells Mainebiz he expects 'the momentum for mergers and acquisitions to accelerate over the next 18 to 24 months.'

A roundup of new hires, promotions and achievements from businesses, nonprofits, health care organizations and professional services firms around Maine.

Maine Community Bank has appointed Sam Rotondo as assistant vice president, residential loan officer. 

The merged entity would have nearly $2.7 billion in assets and become Maine's second-largest mutual savings bank.

Maine Community Bank has branches in Auburn, Biddeford, Brunswick, Kennebunk, Lewiston, Scarborough, Waterboro, Westbrook and Windham.