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Two retailers with a Maine presence are going out of business.
Bar Harbor Bank & Trust has hired Eliberta Cummings as branch relationship manager at the South China branch.
Katahdin Bankshares Corp. has hired Tom Dwyer as assistant vice president and commercial services officer.
The club earned first place in the value portfolio category at the Quinnipiac Global Asset Management Education Forum, the largest student-run financial conference in the world.
The round of funding from the Federal Home Loan Bank of Boston will go toward the creation or preservation of more than 450 units of affordable rental housing in Maine.
Bradford Paige, the longtime president and CEO of Kennebunk Savings Bank, will retire at the end of the month, but plans to remain active on various boards.
David Cyr announced he would retire at the end of 2025, and will be replaced by Dan Tilton, who is now a VP of sales and customer relations.
Spinnaker Trust, a Portland-based wealth management firm, has promoted three senior team members to principals.
Maine Grains, based in Skowhegan, has secured $700,000 in grants this year to purchase equipment and expand production capacity.
Norway Savings Bank promotes three employees to its senior leadership team.
Bar Harbor Bank & Trust operates more than 50 locations across Maine, New Hampshire and Vermont, and has $4 billion in assets.
Franklin Savings Bank, which operates eight branches in Maine, has promoted Pam Dixon to executive vice president and chief financial officer.
Mainebiz spoke with Maine leaders about today’s banking environment, customer preferences and bank strategy. Here’s what they had to say.
The Portland-based coffee wholesaler and retailer will give $15,000 in grants to the art projects, using funds raised through customer purchases.
A new public service campaign in Maine encourages viewers to establish a code word known only to family members, and to use it if someone calls asking for money.
Maine Savings Federal Credit Union has promoted Cole Clement to vice president of marketing strategy.