Tony McKim

The donations will help fund improvements to the hospital’s main campus in Bar Harbor, including an expanded emergency department, main entrance and ambulance bay.

The Damariscotta-based company said that asset quality continues to be stable and favorable.

Mainebiz spoke with Maine leaders about today’s banking environment, customer preferences and bank strategy. Here’s what they had to say.

Damariscotta-based First Bancorp reported third-quarter earnings of $7.6 million, up slightly from $7.5 million a year ago.

Damariscotta-based First Bancorp said earnings for the second quarter increased 2.5% and earnings per diluted share were up 2.4%.

CEO Tony McKim said the first quarter was in many ways a continuation of the primary themes and challenges the bank saw throughout 2023.

Maine banks, like ones across the country, are getting impatient for the Federal Reserve to cut interest rates.

The company's president and CEO said the year presented multiple challenges for the banking industry, including interest rate increases and concerns around failures of some large regional banks.

Banks and credit unions are spending more to prevent check fraud, which is escalating nationwide even as people write fewer checks.

Damariscotta-based First Bancorp reported third-quarter net income of $7.5 million, representing a 1.1% increase over a year earlier.