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Banking & Finance

Former con artist offers business tips to avoid scams

Renee Cordes |

Frank W. Abagnale Jr., the former con artist now working with the FBI and as a corporate cybercrime consultant, was in Portland Thursday to raise awareness about scams and fraud.

Credit unions popular with millennials, says Maine trade association head

Renee Cordes |

Millennials are responding “in very good numbers” to credit unions, the outgoing president and CEO of the Maine Credit Union League told Mainebiz.

Two Maine banks ride the merger wave

Renee Cordes |

The current moderate-growth, low-interest rate environment in a historically fragmented sector adds pressure on banks to seek growth and efficiencies through mergers and acquisitions.

John Murphy reflects on 25 years as president/CEO of Maine Credit Union League

Renee Cordes |

This June, John Murphy will retire as president and CEO of the Maine Credit Union League and its Synergent service subsidiary, a post he has held since July 1, 1992. The...

Even in digital age, banks and credit unions still value 'bricks-and-mortar'

Laurie Schreiber |

In this digital age, Maine banks and credit unions continue to invest in bricks-and-mortar branches right along with banking technology.

Balancing the demand for technology and bricks and mortar

Laurie Schreiber |

Gorham Savings Bank in early April opened its new branch in the historic Grand Trunk building, at 1 India St. in Portland. The bank purchased the building's first floor just over a decade...

FAME approves $45 million tax-free finance deal for Hampden plant

The Finance Authority of Maine approved $45 million in tax-free debt financing for a new waste-to-energy plant under construction in Hampden.

Venture capital starts cautious rebound; Maine dormant in Q1

Lori Valigra |

After finishing last year on a down note, the nation’s venture capital market is beginning a slow rebound, with 1,104 deals worth $13.9 billion in the first quarter of this year.

Androscoggin Bank foundation issues grants to help at-risk kids

Androscoggin Bank's MainStreet Foundation awarded $10,000 to four nonprofit organizations helping at-risk kids in Maine be safe, healthy, active, happy, educated and nourished.

Maine credit unions' membership and assets surging

STAFF |

Maine's 58 credit unions continued to surge in 2016 in all growth categories, led by an increase of nearly 20,000 new members in the past year, to bring the total to 685,926 members.

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