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Banking & Finance
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Farmingdale operations center to accommodate Maine State Credit Union growth
Updated: February 8, 2024Added branches in the past two years have propelled growth in loans, deposits and the need for an eBranch call center, which handles over 300 daily calls.
Updated: February 8, 2024
Chase Bank plans to make a bigger footprint in southern Maine
Updated: February 7, 2024Chase, which has five branches in southern Maine to be followed by a sixth this year, plans to add another southern Maine location amid a nationwide expansion by the Wall Street banking behemoth.
Updated: February 7, 2024
Norway Savings Bank expands management team with 11 promotions
February 6, 2024Norway Savings Bank has promoted 11 employees into leadership positions.
February 6, 2024
Partners Bank promotes seasoned banking exec to senior vice president
February 5, 2024Stephen Sessler, who joined Partners Bank in 2019, has held leadership roles at U.S. Bank, SunTrust Mortgage and Camden National Bank.
February 5, 2024
Maine State Credit Union makes 4 management promotions
February 1, 2024Augusta-based Maine State Credit Union has promoted four employees to vice president and management positions.
February 1, 2024Underwater mortgages just rose across the U.S., but Maine homes are staying dry
February 1, 2024More homes across the country have mortgages that far exceed their market value, but Maine ranks No. 2 among states with equity-rich properties.
February 1, 2024
KeyBank promotes Pennsylvania leader for Maine retail position
February 1, 2024KeyBank has promoted Meagan Calhoun to the position of area retail leader for southern Maine.
February 1, 2024
Camden National Bank posts 13% drop in Q4 earnings
January 31, 2024The company said it sold lower-yielding investments at a loss in the third and fourth quarters in order to adjust its balance sheet and to improve future earnings and profitability.
January 31, 2024
Bangor Savings will open its first Kennebunk branch
Updated: January 31, 2024The expansion will serve the southern coast of Maine, and follows three branch openings and a fintech partnership over the past two years.
Updated: January 31, 2024
Katahdin Trust parent company reports earnings uptick for 2023
January 30, 2024Loan growth and increased net interest margin contributed to the results for the Houlton-based bank firm, which has 16 offices in three Maine counties.
January 30, 2024
Maine Savings FCU names senior vice president of member experience
January 29, 2024Stacey Young has joined the state's second-largest credit union after working in the banking and CU fields for more than 20 years.
January 29, 2024
FAME approves financing for TimberHP, American Unagi
Updated: January 29, 2024Both companies have launched first-in-the-U.S. products, and are now looking to scale up.
Updated: January 29, 2024
First National Bank parent reports 24% earnings drop for last year
January 26, 2024The company's president and CEO said the year presented multiple challenges for the banking industry, including interest rate increases and concerns around failures of some large regional banks.
January 26, 2024
Bar Harbor Bank & Trust names branch manager for two MDI locations
Updated: January 26, 2024Bar Harbor Bank & Trust has promoted Morgan Forni to assistant vice president, branch relationship manager.
Updated: January 26, 2024
Bar Harbor Savings and Loan promotes two employees to VP positions
Updated: January 24, 2024Bar Harbor Savings and Loan Association has promoted Rhonda Sawyer to vice president and senior loan officer and Dawn Nason to vice president, compliance and information security officer.
Updated: January 24, 2024
Kennebunk Savings Bank CEO announces retirement, and his successor
January 23, 2024Bradford Paige will retire at the end of the year and be succeeded by the senior executive vice president and chief credit officer.
January 23, 2024
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