Damariscotta

Deborah Anderson is on the board of the local chamber of commerce and worked as a senior teller and in customer service before moving up the ladder.

The Damariscotta-based parent of First National Bank will pay a quarterly cash dividend of 34 cents per share on the heels of strong operating results in 2022.

Net 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.

Loan growth at the Damariscotta-based parent company of First National Bank was mainly in commercial real estate and construction, as the bank wound down two pandemic-related loan programs.

The Damariscotta-based banking firm now has two branches in the increasingly competitive Bangor-Brewer market.

The Damariscotta-based bank holding company said net income increased 33.7% from the previous year to $36.3 million.

The parent of Katahdin Trust Co. said third-quarter earnings rose, even as it expressed concern about the industry's potential headwinds. The First Bancorp posted a 27% increase in earnings.

Can the Maine midcoast be to oysters what California's Napa Valley is to wine? Oysters have long been harvested along the Damariscotta River, and the industry is spreading. Maine produced 10 million oysters last year.

Hiring remains difficult across a broad range of jobs in the tight labor market, despite the fact that the additional payments to jobless Mainers have stopped.

The money will go to rural communities, agricultural producers and businesses for renewable energy infrastructure. The awards come in the midst of Maine’s renewable energy push, with a 2040 target for 100% clean energy.