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Banking & Finance
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Madawaska's Twin Rivers Paper plant secures $100M in financing
September 8, 2022Citizens Bank said it provided asset-based lending credit as the deal’s lead arranger and administrative agent.
September 8, 2022
Banking roundup: personnel moves from around the state
September 6, 2022Norway Savings Bank, Bangor Savings and Camden National all announced significant personnel moves.
September 6, 2022
'Step back, engage a coach': How to manage startup stress and encourage employee well-being
September 5, 2022"When we launched Great Diamond Partners, the most significant stress we faced was a result of a difference in perspective," says Steve Tenney, co-founder and CEO of the Portland-based wealth management firm.
September 5, 2022
Machias Savings plans $100K in grants for Maine nonprofits
August 30, 2022Every three months, the bank will award five $5,000 grants to nonprofits in a designated area.
August 30, 2022
Portland tech startup raises $5.3M for product development, expansion
August 30, 2022RockStep Solutions currently employs 23 people in Portland, with plans to add 20 more positions in the next 12 months.
August 30, 2022
Katahdin Bankshares raises quarterly dividend
August 28, 2022The Houlton holding company, parent of Katahdin Trust, will pay a third-quarter dividend that's 10.4% higher than last year.
August 28, 2022180 Maine tech school students to benefit from loan discharge
August 25, 2022A Consumer Financial Protection Bureau suit in 2014 accused ITT of misrepresentations regarding job placement rates, transfer credits and programmatic accreditation.
August 25, 2022
Portland cybersecurity startup raises another $3.35M to fund growth
August 23, 2022Defendify, which provides cybersecurity solutions for small businesses, has raised $6.7 million to date in three funding rounds.
August 23, 2022
On the Record: CEO of startup Tanbark talks about new type of packaging with heritage twist
Updated: August 22, 2022Melissa LaCasse is the co-founder and CEO of Tanbark Molded Fiber Products, a sustainable packaging startup she runs from a North Yarmouth barn.
Updated: August 22, 2022
Levant company owner pleads guilty to PPP loan fraud, faces up to 20 years in prison
August 17, 2022Craig C. Franck formerly ran CCF Acoustics LLC and CCF Acoustical Systems and provided false information about the companies when applying for pandemic relief funds.
August 17, 2022
A year after merger, Infinity Credit Union's former CEO takes out-of-state job
August 11, 2022Elizabeth Hayes, who led Infinity through its 2021 merger with an Illinois credit union, has begun work in a leadership role at a credit union in Massachusetts.
August 11, 2022
TD Beach to Beacon 10K race makes comeback, raises $70K for Portland charity
Updated: August 8, 2022The annual Cape Elizabeth running competition took place in person for the first time since 2019, and Mainebiz was on the scene.
Updated: August 8, 2022CEI Ventures raised record $21.5M for VC fund
August 3, 2022Investors in CEI Ventures' Good Jobs Fund include a mix of individuals, foundations, community economic development organizations and banks.
August 3, 2022
KeyBank's Maine market president, Chip Kelley, to retire later this year
Updated: August 2, 2022Raymond T. "Chip" Kelley plans to retire at the end of November as KeyBank's Maine market president and commercial sales leader, according to a Monday announcement.
Updated: August 2, 2022
How to create a business plan using 3 key steps
Updated: September 21, 2022Guest columnist Chris Abbott of Camden National Bank offers a three-step process for drawing up a business plan.
Updated: September 21, 2022
How to protect your business from cybercrime
Updated: August 17, 2022Guest columnist Dave Ackley, an IT expert at Camden National Bank, offers businesses some sensible ways to prevent a cyberattack.
Updated: August 17, 2022
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