Browse by
Banking & Finance

WalletHub puts Maine at seventh best in financial literacy

Staff |

When it comes to financial literacy, Maine is No. 7 in the country, according to a WalletHub survey of 50 states and the District of Columbia released this week.

Christopher Emmons set to retire from Gorham Savings Bank

Staff |

Gorham Savings Bank, the ninth-largest Maine-based bank, announced Monday that Christopher Emmons, president and CEO since 2003, will retire at year’s end.

Maine's Bureau of Financial Institutions warns about online banking scams

Staff |

Maine's Bureau of Financial Institutions issued a warning Monday about a scam involving updates to financial institutions' online banking platforms.

Bootstrapping 101: Financing a startup is about more than just money

Maureen Milliken |

Erica Schmitz, a consultant for a health care nonprofit, has been sewing her own clothes since 2013. The Portland resident found out she wasn't the only one frustrated with the lack of realistic...

A sea change is happening in opportunities for women in Maine's banking industry

Renee Cordes |

Pat Weigel broke the banking industry's glass ceiling in Maine when she became Norway Savings Bank's first female president and CEO in 2001. Since then, an increasing number of women are moving into...

As Maine agriculture evolves, farm financers aim to keep up

Laurie Schreiber |

The farm finance sector is evolving along with Maine's farmers. Start-up farms have been established in sync with consumer interest in locally sourced foods — and older farmers are retiring,...

cPort Credit Union CEO Gene Ardito talks about building membership, attracting talent

Renee Cordes |

Gene Ardito, 58, is president and CEO of cPort Credit Union, which has more than $200 million in assets and over 21,000 members. It has two branches in Portland, where it...

Gorham Savings readies LaunchPad for another season

Maureen Milliken |

Gorham Savings Bank's LaunchPad program was started six years ago as a way for the bank to help startups who aren't in a position to get traditional bank financing.

Danforth Inn, Camden Harbor Inn owners file for bankruptcy

The owners of the Danforth Inn in Portland and the Camden Harbor Inn filed for Chapter 11 bankruptcy on March 28, a day before the establishments were set to be sold at foreclosure auctions.

Katahdin Trust donates to Houlton Cary Library renovation


The 114-year-old library's ongoing face lift includes help for windows and wall facing repair from the bank.