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Kennebec Savings Bank has promoted Nicolas Patenaude to senior vice president, chief financial officer and treasurer.
The combined institution has total assets of around $7 billion and 73 branches in Maine and New Hampshire.
Debbie Getchell, Kennebec Savings Bank’s senior vice president and chief financial officer, retired on Dec. 31 after a 41-year career in finance.
The enlarged bank, now known as Maine Community Bank, employs more than 370 people, and has branches in Cumberland, Androscoggin and York counties.
Tedford was awarded a $50,000 grant over two years, leadership training for the executive director, access to technical coaching and a network of nonprofit peers.
Some Maine companies bulked up through acquisitions, while others were targets for buyers.
Here are 10 Mainebiz news and feature articles on Maine bank and credit unions published in 2024.
Maine businesses had their share of rough patches in 2024.
Two retailers with a Maine presence are going out of business.
Camden National expects to complete the $86.6 million all-stock deal for Conway, N.H.-based Northway Bank by Jan. 2.
Bar Harbor Bank & Trust has hired Eliberta Cummings as branch relationship manager at the South China branch.
Katahdin Bankshares Corp. has hired Tom Dwyer as assistant vice president and commercial services officer.
The club earned first place in the value portfolio category at the Quinnipiac Global Asset Management Education Forum, the largest student-run financial conference in the world.
The round of funding from the Federal Home Loan Bank of Boston will go toward the creation or preservation of more than 450 units of affordable rental housing in Maine.
Bradford Paige, the longtime president and CEO of Kennebunk Savings Bank, will retire at the end of the month, but plans to remain active on various boards.
David Cyr announced he would retire at the end of 2025, and will be replaced by Dan Tilton, who is now a VP of sales and customer relations.
Higher costs, exchange rates, uncertainty about gas prices, political tensions — a number of factors are forcing travelers to rethink their plans this summer.
More than 2 in 5 Americans plan to take a vacation this summer that requires a flight or hotel stay, according to a recent survey by NerdWallet.
Out of more than 2,000 travelers polled by the personal finance website, 85% said they plan to use a credit card to cover some travel expenses.
Nearly a third of travelers who used credit cards to finance trips in 2024 said they still haven’t paid off those bills.
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 MoreWork 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 MoreWhether 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.
Coming June 2025
Learn moreThe 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 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.
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.
Coming June 2025
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