M&T Bank

Sagamore Village, on outer Brighton Avenue, was built in 1942 to provide housing for World War II Liberty Ship builders, and is listed on the National Register of Historic Places.

Avesta’s Homeless to Housing program helps formerly homeless residents maintain housing stability. Its HomeOwnership Center provides financial education and support.

The annual race, held Oct. 27, raised more than $120,000 in proceeds, which have been donated to Mainspring, a social service collective opening soon in the Maine-New Hampshire seacoast area.

Katahdin Bankshares will distribute the same dividend it paid in Q1, while M&T Bank announced a higher payout.

Both are financial services providers with operations in Maine.

Maine banks and credit unions — including Saco & Biddeford Savings, the Country Federal Credit Union, M&T Bank, Maine Savings Federal Credit Union and Androscoggin Bank — have seen a slew of significant personnel changes.

Banks and credit unions are spending more to prevent check fraud, which is escalating nationwide even as people write fewer checks.

Phil Cohen, group manager for the commercial real estate teams in Maine and New Hampshire, steps in after the May retirement of Dan Thornton, who was Maine regional president for a decade — including time with People's United Bank, which M&T acquired in 2022.

Thornton said he would stay on the Northern Light Health board as the finance committee chair on the investment and strategic planning committees.

The Buffalo, N.Y.-based bank said the improvement in net interest income reflected a 33% jump in average earning assets, largely attributable to the acquisition of People's United as well wider lending margins.