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The proposed branch would be the New York-based banking giant's seventh retail location in Maine and the second in York County.
Bar Harbor Bank & Trust has hired Christopher Rugullies as senior vice president, regional relationship manager.
Business owners remain confident in the economy, despite lingering uncertainties, writes guest columnist Todd Peacock of Bank of America. But he offers a few tips for small businesses as they navigate the uncertainty.
The Brunswick startup secured $2.3 million to accelerate the development of small satellite launches, with the goal of scaling operations for commercial launches next year.
Merton Weed Jr. was also ordered to pay more than $250,000 in restitution for filing fraudulent applications for loans from the federally funded program. He pleaded guilty to the charges last October.
Kennebunk Savings hired William Saufley as executive vice president as well as chief risk officer — an encore presentation of sorts for Saufley, who held the latter role from 2008-12.
The craft brewing industry, faced with slower sales, has seen more closures and fewer startup breweries. The University of New England will offer industry-specific training to guide owners through the evolving landscape.
Portland-based Evergreen Credit Union has hired Amanda Peacock as vice president of member experience and engagement.
Katahdin Bankshares will distribute the same dividend it paid in Q1, while M&T Bank announced a higher payout.
Northeast Credit Union, a New Hampshire institution with roots at the Portsmouth Naval Shipyard in Kittery, plans to adopt a new name this summer.
From oyster growers to a maker of fruit snacks from apple cider remains, food businesses in Maine received cash awards that can play a big role for small companies looking to grow.
Bangor Savings Bank has hired Mike Adams as vice president, senior fiduciary officer and counsel for the bank's wealth management group.
The Portland conference, held for the first time since 2019, offered sessions on a range of topics and networking events for budding and wannabe entrepreneurs.
The 4,000-square-foot building, slated for completion next spring, is more than double the size of the existing branch and will offer amenities like a member community room.
Founded in 1972, Avesta is the largest nonprofit affordable housing provider in Maine. It manages more than 150 properties and has 800 new homes and units in development.
Small, rural businesses have unique financing needs. USDA’s federal capital helps to stimulate business creation and growth.
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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