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Banking & Finance
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With its business growing in Penobscot County, First National Bank opens Brewer branch
February 1, 2022The Damariscotta-based banking firm now has two branches in the increasingly competitive Bangor-Brewer market.
February 1, 2022Maine Bankers Association's new recruitment campaign touts pay and benefits
February 1, 2022The banking industry in Maine has launched a new recruitment campaign to help tackle hiring challenges.
February 1, 2022
10 startups to vie for 'Greenlight Maine' glory in Season 7
Updated: January 31, 2022Two Maine food entrepreneurs will kick off the new season of the TV business-pitch series on March 24. A total of 10 contestants are in the running.
Updated: January 31, 2022
Katahdin Bankshares reports Q4 earnings down 43%, but flat results for the year
Updated: January 28, 2022The Houlton-based parent company of Katahdin Trust Co. said the fall was partly due to lower income from Paycheck Protection Program loans. Earnings for 2021 were only slightly below the 2020 total.
Updated: January 28, 2022
New financing help from FAME will support improvements at Saddleback
January 27, 2022Total state commitment to the Saddleback project now totals $6.5 million. The ski resort is seen as an economic development driver for the Rangeley region.
January 27, 2022
'Frothy' economy seen driving Maine M&A activity in 2022
Updated: January 28, 2022M&A advisors forecast a busy dealmaking year for Maine companies in a variety of sectors.
Updated: January 28, 2022
Camden National’s Q4 earnings fall, but rise 16% for the year
January 25, 2022Camden National Corp.' s fourth-quarter earnings dropped due to a variety of factors, the company said. However, the company recorded net income of $69 million for all of 2021, a 16% increase over 2020's total.
January 25, 2022
Credit rating agency ups the outlook for Northern Light Health
Updated: January 24, 2022The recently completed construction project at Portland’s Northern Light Mercy Hospital helped convince credit rating agencies to improve their outlook on the parent health care system.
Updated: January 24, 2022
Bar Harbor Bankshares posts 10% increase in earnings for Q4 2021
January 21, 2022The parent of Bar Harbor Bank & Trust posted higher fourth-quarter earnings as the company aimed at reduced funding costs and growing its commercial loan business.
January 21, 2022
TD Bank economist tells conference he sees ‘above-trend’ growth for US
January 21, 2022At the Maine Real Estate & Development Association's annual forecast conference, James Marple told attendees the country's economic recovery is likely to continue this year. His outlook for real estate was bright too.
January 21, 2022
First National Bank parent reports 2021 earnings jumped by nearly 34%
January 20, 2022The Damariscotta-based bank holding company said net income increased 33.7% from the previous year to $36.3 million.
January 20, 2022
Top Gun names 24 Maine startups for 2022 accelerator program
Updated: January 19, 2022Participants represent a variety of sectors, from snowmobile technology to salt farming, and come from four regions of the state.
Updated: January 19, 2022
Renovations on tap as Saco mortgage lender moves from lease to ownership
January 9, 2022A residential mortgage lender in Saco has renovations underway on its new headquarters in a building dating back to the mid-1800s. The remodel will accommodate the business and also restore the original building.
January 9, 2022
On the Record: Fintech entrepreneur Leslie Hyman aims to reinvent how rent is paid
Updated: January 10, 2022The co-founder and CEO of rent-payment provider Circa talks about the startup's business model, her experience in the Roux institute Techstars Accelerator program, and why she's moving her business to Maine.
Updated: January 10, 2022
Maine banks weigh branch curbs, other responses amid growing COVID concerns
January 6, 2022With cases mounting and the omicron variant of the disease raging throughout Maine, banks and credit unions are taking new steps to keep employees and customers safe — and monitoring the health crisis daily.
January 6, 2022
Midcoast FCU gets green light for expansion in Waldo, Cumberland counties
January 5, 2022Midcoast Federal Credit Union, the 15th-largest credit union in Maine, has received regulatory approval to serve residents in Waldo and Cumberland counties.
January 5, 2022
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