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Banking & Finance
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NorState FCU heads into 2023 under new leadership
December 8, 2022Before being appointed as NorState FCU executive vice president and chief operating officer in November 2021, Jeffrey Davenport served as a strategic consultant for CUNA Mutual Group.
December 8, 2022
Developer tackles high interest rates with ‘buydown’
December 6, 2022High interest rates have caused residential sales to come “to a screeching halt,” said Mark McClure, managing partner of GenX Capital Partners, which is “buying down” interest rates for the first two years for the first 10 buyers at the Mark at
December 6, 2022
First female CEO at NorState FCU retires after 34 years
December 5, 2022Susan Whitehead began working for the credit union in 1988 as a utility clerk, and had been the president and CEO for the past nine years.
December 5, 2022
Norway Savings advances customer relations representative
November 30, 2022Savannah Rioux started her banking career in 2016, and previously worked for Androscoggin Bank as a senior client service representative.
November 30, 2022
Personnel moves: A roundup of new hires and promotions in Maine’s banking industry
Updated: November 28, 2022Five Maine banks — Machias Savings, Bath Savings Trust Co., KeyBank, Saco & Biddeford Savings and Katahdin Trust — announced significant personnel moves in recent weeks.
Updated: November 28, 2022
With mortgage boom waning, banks find other growth opportunities
Updated: November 28, 2022As interest rates rise and the housing frenzy of the past two years cools down, the banking industry looks to other revenue sources for growth.
Updated: November 28, 2022
Money talks: From pitch contests to grants, how some Maine startups are becoming fundraising stars
Updated: November 28, 2022Some Maine startups are racking up pitch-off wins before going on to other fundraising, while others prefer more specialized accelerator programs and grants.
Updated: November 28, 2022Financial institutions show their ability to adapt
Updated: November 28, 2022After a crazy stretch marked by the refi boom, home-buying frenzy and PPP loan program, banks are adjusting to new challenges.
Updated: November 28, 2022
Kennebec Savings will jump into crowded Portland marketplace next year
Updated: November 22, 2022The Augusta-based bank will open a branch at 54 Baxter Blvd., in a space formerly occupied by Coldwell Banker.
Updated: November 22, 2022Camden National adds two senior advisors to wealth management team
November 21, 2022Rachael Billings and Andrew Livingston both provide comprehensive wealth management skills, including portfolios and strategic planning and advice for clients.
November 21, 2022
Bar Harbor Bank hires former retailer, lobsterman as relationship manager
November 18, 2022Cody Farrell will lead a team of banking professionals to provide solutions and guidance to help individuals, families, and businesses on Mount Desert Island meet their financial goals.
November 18, 2022
Maine Credit Union League hires director of governmental affairs
November 17, 2022Krista Simonis will advance the trade group's legislative, political and advocacy agendas in Augusta and Washington, D.C., and enjoys performing in an improv comedy group in her leisure time.
November 17, 2022
Waterville grant program now open to help revamp downtown businesses
November 17, 2022The Central Maine Growth Council's Facade and Building Improvement Grant program, funded in the amount of $60,000 for the 2022-23 grant cycle, will reimburse projects up to 50% of the total projected cost. The program has distributed 22 grants since
November 17, 2022
FAME approves $93M in bonds to finance Rock Row infrastructure project
November 15, 2022The bonds will pay for roads, upgrades to utilities, recreational trails and a parking garage to support future development at the property. The project is expected to expand Westbrook’s tax base, create new jobs and have a big impact on regional
November 15, 2022
Register now for Mainebiz Bangor Breakfast Forum
November 14, 2022Five business leaders will share their secrets to success, both at work and at home. The event moderator is Deb Neuman of the Bangor Region Chamber of Commerce. The panelists include the president of Junior Achievement of Maine and a dean of
November 14, 2022
Katahdin Trust's chief HR officer promoted to senior management team
November 14, 2022In her new role, Natasha McCarthy will continue to be responsible for developing and implementing human resource policies and procedures to recruit and retain staff members.
November 14, 2022
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