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Trust and security are at the core of services provided by banks, write guest authors Steve deCastro and Jim Roche. In the old days, that meant bank vaults. Today, most bank robberies happen online.
The financial cooperative, which opened on the University of Maine campus in 1967, had primarily served members of Maine academic institutions since then.
Saco & Biddeford Savings, which has seven branches in Maine, has recently completed a series of leadership changes.
Randy Stolp brings over 22 years of credit union experience to his new role.
A roundup of new hires, promotions and achievements from businesses, professional services firms, health care providers and nonprofits around Maine.
Mainebiz spoke with experts in the finance industry on how to start saving in your 20s. Here are their tips to feeling less overwhelmed as you start to plan for the future.
“2023 ended on solid footing," Amanda Rector said at a Mainebiz forum on Wednesday. She cited the state's growing diversity as a sign of "new thoughts, new innovations coming into the workplace."
Program director Laurie Johnson said this is the first year that female entrepreneurs will outnumber their male participants in the business accelerator program.
American Unagi’s recirculating aquaculture systems facility is the first in the U.S. to grow Maine eels to market size.
The Houston-based financial institution, owned by Katahdin Banskshares Corp., has more than $1 billion in assets.
After 2023's wild ride for interest rate hikes, Bangor Savings Bank President and CEO Bob Montgomery-Rice expects rates to be more stable this year.
Company stock ownership is seen as a way for employees to “benefit from the company’s prosperity.” More than 60 Maine companies are owned as ESOPs.
A U.S. Bureau of Labor Statistics study showed 57% of Maine businesses reported having no telework arrangements before or early in the pandemic. Businesses continue to adapt to the change, writes guest columnist Jason Lundy, a business banker.
Studies show ESOP participants have higher retirement account savings than non-ESOP counterparts and also have better job security, writes guest columnist Jay Hood, chief lending officer at Machias Savings Bank.
Cris Wescott, interim president and CEO of the Maine Credit Union League, believes the recession fears of a year ago have receded but does not expect significant economic growth in Maine in 2024.
New hires, promotions and achievements at Maine businesses, nonprofits and health care organizations.