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Banking & Finance
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25-year veteran of Gorham Savings rises to become CFO
Updated: January 4, 2022Jane Stack was promoted to chief financial officer, reporting to President and CEO Steve deCastro.
Updated: January 4, 2022
Clifton wind project gets $25M in financing
January 3, 2022The loan, to a Massachusetts developer, will help complete a five-turbine wind-power facility in the Penobscot County town.
January 3, 2022
Franklin Savings Bank chairman retires, former president succeeds him
January 3, 2022Franklin Savings Bank's chairman Richard Walker has retired, and is succeeded by the bank's former president, Peter Judkins.
January 3, 2022
The biggest Mainebiz stories of 2021 spanned industries, geographies
December 27, 2021This week, Mainebiz takes a look back at some of our most memorable stories from 2021. To start — a compilation of the most widely read articles from the Mainebiz Daily Report.
December 27, 2021
Katahdin Trust parent launches $2M stock buyback
December 23, 2021Katahdin Bankshares launched a $2 million stock buyback that runs through the end of 2022.
December 23, 2021
FAME honors businesses, lenders, individuals 'At Work for Maine'
December 22, 2021The Finance Authority of Maine's annual “At Work for Maine” awards, which recognize contributions of businesses and others to the state, were presented virtually for the second year.
December 22, 2021
USDA Rural Development names new director for Maine, Rhiannon Hampson
December 15, 2021USDA Rural Development has named Hampson as state director, with a mandate to invest in and advocate for rural Mainers. Mainebiz talked with her Wednesday about how she hopes to achieve that goal.
December 15, 2021
11 Ellsworth entrepreneurs and businesses receive downtown grants
Updated: December 15, 2021A growing portion of grant funding and applicants, supported by an expanding partnership of community banks, tells a story of how local investment can make an impact for a downtown business community.
Updated: December 15, 2021
From fintech to baby-bottle tech, startups make their pitches at Portland accelerator's 'Demo Day'
Updated: December 10, 2021Representatives of 10 startups that participated in the Roux Institute Techstars Accelerator program presented their products and services to a live and virtual audience.
Updated: December 10, 2021Genesis Fund will use $825K grant to support affordable housing in Maine
December 9, 2021The Genesis Fund received the grant from the U.S. Treasury Department to increase lending for affordable housing and other community development projects.
December 9, 2021
With wages going up, Maine businesses hurdle higher to hire
Updated: December 13, 2021Maine's minimum wage has been increasing, and Maine employers are increasing their own minimums. But attracting and retaining workers remains tough in the tight labor market.
Updated: December 13, 2021
Portland industrial software startup raises $3.5M to fund growth
Updated: December 8, 2021HighByte plans to use the funds to staff up across research and development, sales, marketing and other areas, with plans to more than double employee count over the next year.
Updated: December 8, 2021
Maine Community Bank expanding Brunswick footprint with Mechanics Savings branch
Updated: December 9, 2021Maine Community Bank is closing a small loan-production office in downtown Brunswick as it builds a full-service branch at Cooks Corner about 6 miles away.
Updated: December 9, 2021
Chase adds to growing southern Maine footprint with Westbrook retail branch
Updated: December 7, 2021Chase's Westbrook location, located at 92 Rock Row, is its second in Maine after Portland.
Updated: December 7, 2021
Community college system receives $400K from KeyBank to support solar energy jobs
November 30, 2021Workers are needed in electrical positions to support the state’s aggressive renewable energy goals. Electricians are essential for key tasks, such as connecting solar panels to the electrical grid.
November 30, 2021
How to manage a company’s finances during a growth spurt
Updated: September 30, 2022Rapid growth can require fundamental shifts in the way you do business, and a new approach to financing may be one of those changes. A financial services expert writes about some of the choices to weigh.
Updated: September 30, 2022
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