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Banking & Finance

Androscoggin Bank awards $25K to Lewiston nutrition program


St. Mary’s Nutrition Center in Lewiston was awarded the Androscoggin Bank Main Street Foundation’s $25K for Kids grant. It’s the fifth year the bank has awarded the grant, which is...

FAME’s Showcase Maine to celebrate ‘successes’ of past year


The Finance Authority of Maine will honor several of its business partners Tuesday at its Showcase Maine annual celebration of successful partnerships with Maine’s business, lending,...

Maine Credit Union League's new CEO has upbeat outlook on his sector of state's economy

Renee Cordes |

Michigan native Todd Mason succeeded John Murphy as president and CEO of the Maine Credit Union League in April and its technology affiliate Synergent, returning to an...

Spinnaker's incoming president eager to tackle the challenges ahead

Renee Cordes |

This January, Amanda Rand will succeed Dick Curran as president of Spinnaker Trust, the Portland-based wealth management firm he founded in 2001. Rand, a Falmouth native who began her career at Ropes...

A new CEO at STARC and additional investment in Auburn P&G site


Within weeks of securing $3.5 million in financing from Blue Heron Capital, STARC Systems hired a CEO with extensive merchandising experience.

University Credit Union plans branch renovations on eve of 50th birthday

Renee Cordes |

Orono-based University Credit Union is about to celebrate its 50th anniversary amid plans to modernize two more branches next year.

As electronic banking takes hold, one town isn't ready to give up its local bank


Susan Fotter, the owner of Fotter's Market, heads a committee that is trying to find another bank to come to the town of 600 after Skowhegan Savings announced earlier this month that it's closing...

Merger with N.H. bank expands Bangor Savings' footprint


Bangor Bancorp MHC announced plans today for Bangor Savings Bank to merge with Granite Bank, a wholly owned subsidiary of First Colebrook Bancorp Inc. that has four branches in New Hampshire and...

SBA lending in Maine increases 16% in total lending volume


The U.S. Small Business Administration reported that in Maine during fiscal year 2017, the SBA approved 303 7(a) loans totaling $68.53 million, an increase of 3% over fiscal year 2016. The SBA's...

'Alexa, check my account balance' now possible with Town & Country FCU

Renee Cordes |

“Alexa, check my account balance at Town & Country Federal Credit Union" is now possible at the Scarborough-based credit union.