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Banking & Finance

First-ever credit union devoted to farmers and food producers achieves funding goal

James McCarthy |

Maine Harvest Credit Project has reached its $2.4 million fundraising goal, calling it a critical milestone in becoming Maine's 56th credit union and the country's first-ever to lend exclusively to...

Bar Harbor Bank & Trust plans to open a Portland loan office

Staff |

Establishing its first brick-and-mortar presence in Cumberland County, Bar Harbor Bank & Trust will open a commercial loan office in Portland and plans to announce the site in the coming weeks.

Pitch-contest season moves into high gear

Mainebiz staff |

Maine's start-up community seems to thrive on the annual pitch contests.

Redevelopment of shuttered Millinocket mill gets $5.3M boost

Staff |

Developers of the former Great Northern Paper mill site in Millinocket will get federal aid to implement infrastructure improvements that will help them establish an industrial park.

LifeFlight of Maine a step closer to replacing aging helicopters

Staff |

Saco & Biddeford Savings Institution has donated $10,000 to LifeFlight of Maine in support of the emergency transport nonprofit’s fundraising campaign to purchase two new helicopters.

DEP grant will expand recycling and composting at workplaces

Staff |

The state Department of Environmental Protection has awarded $88,000 in grants to help six Maine companies and other organizations expand their waste recycling and composting efforts.

CEI will use federal grant to help Biddeford manufacturer grow

Staff |

A Biddeford manufacturer will create 30 jobs as part of a program funded with federal assistance.

Bangor Savings to open Auburn branch

Staff |

Bangor Savings Bank plans to open its first branch in Auburn, its 61st overall. The 5,600-square-foot branch, at 170 Turner St., is expected to open in the late fall of 2019.

MTI, Maine Venture Fund join MedRhythms' investors in $5M financing round

Staff |

Portland-based digital therapeutics startup MedRhythms said it has closed its $5 million venture-capital financing round with investments from the Maine Venture Fund and the Maine Technology...

Saint Joseph’s College lands $180K grant to spur interest in STEM fields

Staff |

Saint Joseph’s College will receive a $182,845 grant from the National Science Foundation for the college’s “Chemistry for the Community” initiative.