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Banking & Finance
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Camden National reports Q2 earnings down 11%
July 26, 2022The holding company of Camden National Bank reported that earnings for the second quarter were 11% less than the first-quarter total. A higher provision for credit losses accounted for the fall, the bank said.
July 26, 2022
Bar Harbor Bankshares reports Q2 earnings up 17% on loan growth
Updated: July 25, 2022Net income for the second quarter was $10.5 million compared to $9 million in the same quarter of 2021. The bank said it delivered loan growth across all product offerings.
Updated: July 25, 2022
How to maintain a personal touch in the digital age
July 22, 2022In an age with Zoom meetings and apps for every occasion, guest columnist Renée Smyth of Camden National Bank offers suggestions about how to reconnect with customers, balancing new but also trusted methods.
July 22, 2022
First National Bank parent company reports record earnings for Q2
July 21, 2022Net income for First Bancorp was up 13.8% over the same three-month period last year. The Damariscotta-based bank holding company now has assets of more than $2.6 billion.
July 21, 2022
Katahdin Bankshares Q2 earnings up 21% over Q1, but down from last year
Updated: July 20, 2022The Houlton-based company, parent of Katahdin Trust, posted second-quarter earnings of $2.1 million, of 65 cents per common share.
Updated: July 20, 2022
$250K grant helps LifeFlight of Maine open high-tech simulators for training first responders
July 18, 2022The labs allow LifeFlight to strengthen its clinical education program, which supports internal and external training across Maine.
July 18, 2022
Planned $8.6M Skowhegan River Park project gets first corporate sponsor
Updated: July 18, 2022Franklin Savings Bank has made a financial pledge to advance the project, which would create a paddling and outdoor recreation area in the downtown river corridor.
Updated: July 18, 2022
Skowhegan Savings breaks ground on new Farmington branch
Updated: July 15, 2022The location is next to the bank's current leased site. The design focuses on customer service.
Updated: July 15, 2022
Maine credit unions raise $121K to fight hunger
Updated: July 14, 2022Maine Credit Unions' Campaign for Ending Hunger has raised more than $11.3 million since 1990.
Updated: July 14, 2022Evergreen Credit Union expands into four Maine counties
July 13, 2022Maine's fifth-largest credit union by assets operates in Cumberland and York counties, and now is also offering services in communities northward.
July 13, 2022
With solar installation, Gorham Savings touts 'carbon neutral' designation
July 8, 2022Gorham Savings Bank invested $1.1 million in a solar array that will offset nearly all of its electricity costs at 11 branches and several office locations.
July 8, 2022
How to protect your small business from the most common sources of payment fraud
Updated: July 8, 2022Guest columnist Michelle Curtis of Machias Savings Bank offers some common sense ideas about how to protect your small business from payment fraud.
Updated: July 8, 2022
Bank of America makes leadership transition in Maine
Updated: July 7, 2022A longtime employee succeeds Bill Williamson, who has served as the bank's Maine market president for a decade and will retire next year after more than 40 years with BofA.
Updated: July 7, 2022
Maine TV series spotlighting diversity in business gears up for Season 2
Updated: July 6, 2022Season 2 of "Elevating Voices" on Maine Public Television will highlight 10 businesses from a range of sectors contributing to Maine's economic and cultural diversity.
Updated: July 6, 2022
Moody’s, S&P affirm Maine’s strong credit rating
July 5, 2022Prudent expenditure management, measured approach to budget management, and a “markedly improved” financial position were noted.
July 5, 2022
Capital gains: Entrepreneurs tap everything from personal savings to outside investment
Updated: June 26, 2022A Mainebiz special feature finds that although the state has long been a secondary market for startup capital, there are overlooked resources for growth-minded entrepreneurs and their businesses.
Updated: June 26, 2022
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