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Banking & Finance
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40 Under 40: Andrew Cook is a banker who's focused on more than dollars and cents
Updated: October 2, 2023In addition to his leadership of Mascoma Bank's growing presence in Maine, Andrew Cook devotes himself to volunteer work with the American Heart Association.
Updated: October 2, 2023
Boston Fed chief cites margin pressure as challenge for Maine banks
Updated: September 25, 2023"You're seeing increased margin pressure related to competition for deposits, and competition from new market entrants," Susan M. Collins told the Maine Bankers Association at its annual meeting.
Updated: September 25, 2023
Maine's space industry launches a business pitch-off, with more than prize money at stake
September 21, 2023The goal of the competition is to encourage startups developing research, commercial and consumer applications in the fast-growing New Space industry.
September 21, 2023
Kennebunk Savings appoints chief technology officer with extensive IT background
Updated: September 21, 2023Steven Hughes, a Navy veteran, has a 20-year background in information technology.
Updated: September 21, 2023
M&T Bank names Maine regional president to succeed Thornton
September 14, 2023Phil 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
September 14, 2023
Newsworthy people and performances for Sept. 18, 2023
Updated: September 18, 2023A roundup of new hires, promotion and achievements at companies, health care operations and nonprofits around Maine.
Updated: September 18, 2023
Norway Savings appoints SVP and chief information officer
Updated: September 13, 2023Andrew Goodwin will oversee the bank’s overall information technology and security management.
Updated: September 13, 2023
Camden National names next senior VP of information and security
September 11, 2023Matthew Witten will be responsible for maintaining the bank’s cybersecurity, third-party vendor management, business continuity and disaster recovery planning.
September 11, 2023
With retirement nearing, Larry Wold reflects on years leading Maine's market-leading bank
Updated: September 15, 2023Larry Wold will step down as the Maine market leader for TD Bank, which has the largest share of the state's banking market.
Updated: September 15, 2023
Machias Savings names next COO and expands cash management team
September 8, 2023Machias Savings has $2.3 billion in assets, 300 employees and 15 branches from Portland to Caribou.
September 8, 2023
NBT Bank names Maine market leader with 'track record of growth'
September 7, 2023Michael O’Reilly will take over for Kim Twitchell, who served as NBT’s Maine regional president from 2015 until a promotion earlier this year.
September 7, 2023
Pumpspotting, a Kittery startup, raises another $2.2M to fund growth
Updated: September 6, 2023The latest funding round brings pumpspotting's fundraising total to $3.35 million. The startup's plans for the $2.2 million include commercial product expansion and a foray into health care.
Updated: September 6, 2023
Newsworthy people and performances for Sept. 4, 2023
Updated: September 4, 2023A roundup of new hires, promotions and achievements and businesses and nonprofits around Maine.
Updated: September 4, 2023
Maine State Credit Union hires VP of mortgage lending with commercial bank experience
Updated: August 31, 2023Before joining Maine State Credit Union, Nicole Hotchkin was a vice president and senior retail loan officer for Camden National Bank at its Belfast branch.
Updated: August 31, 2023
Chase Bank aims to grow its Maine workforce in 2024
Updated: August 31, 2023Today, Chase employs around 30 people at its retail branches in Portland, Falmouth, Westbrook and Saco.
Updated: August 31, 2023
Maine communities adopt program to finance energy upgrades for buildings
Updated: August 28, 2023The investment is recovered through savings on the consumers’ energy bills. The program “provides a very attractive pathway for businesses to finance energy improvements,” said the leader of Efficiency Maine.
Updated: August 28, 2023
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