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Banking & Finance
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KeyBank will close four Maine branches in June
May 1, 2023Branches in Freeport, Bath, Rumford and Skowhegan will close on June 2.
May 1, 2023
Bar Harbor Bank & Trust promotes branch leaders to 'strategic positions'
April 28, 2023Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its subsidiary, Bar Harbor Bank & Trust. Operating over 50 locations across Maine, New Hampshire and Vermont.
April 28, 2023Newsworthy people and performances for May 1, 2023
Updated: May 1, 2023A roundup of new hires, promotions and achievements at businesses and nonprofits in Maine from the print edition of May 1, 2023.
Updated: May 1, 2023
Bangor Savings opens Bar Harbor branch under new manager
April 27, 2023New Branch Manager Rachel Bunker has been with Bangor Savings Bank for two years.
April 27, 2023
Norway Savings Bank beefs up asset management group
Updated: April 19, 2023Prior to accepting the position at Norway Savings, Douglas Gross was a tax practitioner for a public accounting firm in New Hampshire, earning his CPA license in 2001.
Updated: April 19, 2023
With chief lending officer retiring, Machias Savings looks outside bank for replacement
April 18, 2023Prior to joining Machias Savings, Jay Hood was senior vice president and regional commercial banking manager at NBT Bank.
April 18, 2023
M&T Bank 1Q results beat expectations on higher interest income
Updated: April 18, 2023The Buffalo, N.Y.-based bank said the improvement in net interest income reflected a 33% jump in average earning assets, largely attributable to the acquisition of People's United as well wider lending margins.
Updated: April 18, 2023
A home of her own: More women of all income levels are buying homes in Maine and nationwide
Updated: April 17, 2023In Maine and nationwide, the number of single women buying homes is rising at a fast clip, outpacing their oft better-paid male peers to become financially and residentially independent.
Updated: April 17, 2023
Skowhegan Savings opens new Farmington branch
April 10, 2023Eight people are employed at the new branch, which cost $1.5 million to build, bringing the company's total to 150 employees and more than 60 locations.
April 10, 2023
Affordable housing for BIPOC communities is the focus of a KeyBank Foundation grant
April 10, 2023The Genesis Community Loan Fund in Brunswick will provide free professional assistance on project planning, financing and development. The goal is to create at least 120 new units of affordable housing.
April 10, 2023
New CEO of Hampden mortgage lender is familiar face
Updated: April 11, 2023Lori Michaud, the new president and CEO of CUSO Home Lending, has filled the role of interim CEO since September.
Updated: April 11, 2023
How to create a financial wellness program for your employees
April 4, 2023Guest columnist Kelleen N. Longfellow of KeyBank says company financial wellness programs can help relieve employee stress and prepare them for what's ahead. She offers several steps for companies looking to offer financial wellness programs.
April 4, 2023
Machias Savings matches previous gift to MDI Hospital
April 4, 2023The latest donation comes on top of a $10,000 donation in 2022 to support workforce efforts at the Mount Desert Island health care provider.
April 4, 2023
Op-ed: Labor dysfunction leads to pain in the pocket
March 31, 2023Guest columnist Ken Entenmann, chief economist at NBT Bank, says experiences of retailers or restaurants curtailing their hours are part of larger issues with a tight labor market. As he says, "the labor market looks more dysfunctional than strong."
March 31, 2023
Tips for Maine bank depositors worried about turmoil
Updated: April 3, 2023"Look to diversify" is one piece of advice from experts interviewed by Mainebiz.
Updated: April 3, 2023
Dirigo Labs' second business pitch competition will feature 11 startups
Updated: March 31, 2023This year's pitch-off, scheduled for May 4 at the Maine Film Center in downtown Waterville, features 11 startups in the program's second cohort.
Updated: March 31, 2023
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