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Banking & Finance
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Op-ed: Maine banks remain strong
March 30, 2023Guest authors Blaine Boudreau and Jim Roche, banking industry officials in Maine, write that "what happened in California and New York is highly unlikely to ever happen here in Maine."
March 30, 2023Town & Country FCU beefs up leadership team
Updated: March 31, 2023Town & Country Federal Credit Union, with four southern Maine offices, has added a CFO and a chief innovation officer.
Updated: March 31, 2023
New hires, promotions and achievements for April 3, 2023
Updated: April 3, 2023A roundup of new hires, promotions and achievements at companies and nonprofits throughout Maine.
Updated: April 3, 2023
Checks and balances: Maine banks, believers in safety first, may face bumpy ride if turmoil escalates
Updated: April 3, 2023In the wake of the Silicon Valley Bank collapse, the consensus is that Maine banks are well-capitalized and diversified, with sufficient buffers to prevent the panicked run that unraveled SVB. But the outlook gets murky if the current turmoil
Updated: April 3, 2023Maine’s financial services industry remains strong
Updated: April 3, 2023Thanks to the fallout from the Silicon Valley Bank failure, Maine bankers are having to answer to financial problems that stemmed out of the tech industry. But Maine bankers say they the state's institutions are on safer ground.
Updated: April 3, 2023
Mortgage veteran joins Kennebunk Savings as Sanford branch manager
Updated: March 24, 2023Jason Errington has worked as a mortgage underwriter, assistant branch manager and branch manager.
Updated: March 24, 2023
Maine Angels raise another $2M for early-stage investments
Updated: March 27, 2023The Dirigo Angel Fund II raised $2.03 million for a new round of early-stage investments.
Updated: March 27, 2023
Slowed by supply chain issues, Atlantic FCU at last opens Westbrook branch
March 21, 2023Construction on the Atlantic Federal Credit Union branch began in October 2021, but the company faced many challenges due to supply chain issues. “It has been an odyssey, but well worth the effort," said Scott Chretien, president and CEO.
March 21, 2023
Camden National Bank promotes from within to fill new DEI position
Updated: March 15, 2023Kate Bellmore will continue in Camden National's talent acquisition department while leading the bank’s DEI efforts.
Updated: March 15, 2023
In response to Silicon Valley scare, Maine bank regulator says sector is 'healthy'
Updated: March 14, 2023As markets were rattled Monday by the failure of California's Silicon Valley Bank, Maine's top banking watchdog offered assurances that there's no danger of contagion here.
Updated: March 14, 2023
Northeast Bank adds SVP of community banking development
March 9, 2023Stevan Stromsky is a veteran banker hired as the new senior vice president of the community banking development office.
March 9, 2023
Maine Marathon names nonprofit beneficiaries for 2023
Updated: March 9, 2023This year's race beneficiaries include the Ecology School in Saco and three other nonprofits.
Updated: March 9, 2023
Mom's the word: Maine business dynamos share Women's Day wisdom from their mothers
Updated: March 8, 2023To mark International Women's Day 2023, Mainebiz asked some female movers and shakers to share advice and wisdom they gained from their mothers.
Updated: March 8, 2023
Ice, ice baby: Norway Savings renews Auburn ice arena naming rights
Updated: March 7, 2023Auburn's facility is home to the second-largest youth hockey program in the state, six local high schools and special hockey events, including Maine Mariners hockey and the University of Maine's Lady Black Bears.
Updated: March 7, 2023
Kennebec Savings promotes VP in charge of marketing, communications and community giving
Updated: March 7, 2023Amanda Cooley will now oversee marketing, communications and the bank's local philanthropy program.
Updated: March 7, 2023
Bath Savings assistant manager chosen to lead Damariscotta branch
March 6, 2023Deborah Anderson is on the board of the local chamber of commerce and worked as a senior teller and in customer service before moving up the ladder.
March 6, 2023
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