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Kennebunk Savings Bank CEO announces retirement, and his successor
Alexis Wells January 23, 2024Bradford Paige will retire at the end of the year and be succeeded by the senior executive vice president and chief credit officer.
Alexis Wells January 23, 2024
Commentary: Don't hinder online account protection
Steve deCastro, Gorham Savings Bank, and Jim Roche, Maine Bankers Association Updated: January 23, 2024Trust 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.
Steve deCastro, Gorham Savings Bank, and Jim Roche, Maine Bankers Association Updated: January 23, 2024
University Credit Union converts to community charter, expands to 11 Maine counties
William Hall January 22, 2024The financial cooperative, which opened on the University of Maine campus in 1967, had primarily served members of Maine academic institutions since then.
William Hall January 22, 2024
Saco & Biddeford Savings Institution makes management changes
Alexis Wells January 19, 2024Saco & Biddeford Savings, which has seven branches in Maine, has recently completed a series of leadership changes.
Alexis Wells January 19, 2024
Synergent, a Westbrook fintech for credit unions, names new president
Alexis Wells January 18, 2024Randy Stolp brings over 22 years of credit union experience to his new role.
Alexis Wells January 18, 2024
Newsworthy people and performances for Jan. 22, 2024
Updated: January 22, 2024A roundup of new hires, promotions and achievements from businesses, professional services firms, health care providers and nonprofits around Maine.
Updated: January 22, 2024
Strategies to help you take the first step to retirement planning — in your 20s
Alexis Wells Updated: January 22, 2024Mainebiz 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.
Alexis Wells Updated: January 22, 2024
Maine is starting 2024 in 'good shape,' state economist says
Renee Cordes Updated: January 18, 2024“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."
Renee Cordes Updated: January 18, 2024
From med tech to skin care: Top Gun names 41 startups to 2024 lineup
Renee Cordes Updated: January 16, 2024Program director Laurie Johnson said this is the first year that female entrepreneurs will outnumber their male participants in the business accelerator program.
Renee Cordes Updated: January 16, 2024
Waldoboro eel grower American Unagi receives $1.5M investment
Laurie Schreiber Updated: January 10, 2024American Unagi’s recirculating aquaculture systems facility is the first in the U.S. to grow Maine eels to market size.
Laurie Schreiber Updated: January 10, 2024
Katahdin Trust parent announces $2M share buyback
Renee Cordes Updated: January 10, 2024The Houston-based financial institution, owned by Katahdin Banskshares Corp., has more than $1 billion in assets.
Renee Cordes Updated: January 10, 2024
Bangor Savings CEO: Interest rates expected to 'normalize,' and other 2024 predictions
Peter Van Allen January 8, 2024After 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.
Peter Van Allen January 8, 2024
Lewiston company turns ownership over to employees, joining dozens of ESOPs in Maine
Laurie Schreiber January 8, 2024Company 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.
Laurie Schreiber January 8, 2024
How small businesses can navigate a successful digital transformation
Jason Lundy, Bank of America Updated: January 8, 2024A 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.
Jason Lundy, Bank of America Updated: January 8, 2024
How to find and work with a lender for ESOP financing
Jay Hood, Machias Savings Bank Updated: January 5, 2024Studies 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.
Jay Hood, Machias Savings Bank Updated: January 5, 2024
2024 Forecast: Liquidity ‘top of mind’ at Maine credit unions
Renee Cordes Updated: January 8, 2024Cris 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.
Renee Cordes Updated: January 8, 2024
Today's Poll
Sponsored by Kennebunk Savings Bank
The days after Thanksgiving are the traditional start of the holiday shopping season. Many shoppers are already setting their sights on the whirlwind of holiday shopping — Black Friday, Small Business Saturday and Cyber Monday.
Major retailers like Walmart, Target, Amazon and Best Buy have already launched early deals, giving shoppers a head start on savings.
A record 186.9 million people plan to shop from midnight on Black Friday through Cyber Monday, according to a consumer survey by the National Retail Federation. The figure is up by more than 3 million total shoppers from last year's record.
The National Retail Federation forecast also calls for holiday spending to surpass $1 trillion for the first time, with sales predicted to grow between 3.7% and 4.2% from 2024.
The Giving Guide
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.
Learn More
Work for ME
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.
Learn More
Groundbreaking Maine
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 more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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