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Banking & Finance

Kennebec Savings Bank opens Freeport location


Kennebec Savings Bank opened its new electronic banking and loan center in Freeport on Thursday, marking the occasion with a ribbon-cutting ceremony attended by local officials and donations to...

Maine Water Co. one of 12 qualifying for EPA low-cost loans


Maine Water Co. is one of 12 projects nationwide selected by the U.S. Environmental Protection Agency to apply for a low-cost water infrastructure loan to help pay for its $50 million water treatment...

Bangor Savings to refurbish former Bank of America site in Biddeford


Bangor Savings Bank will renovate a former Bank of America building on Main Street in Biddeford, with plans to open a new branch with business offices in 2018.

BerryDunn merges with Compass to boost health care practice

Renee Cordes |

Accounting and consulting firm BerryDunn has joined forces with Compass Health Analytics Inc. to offer a wider range of health care-related services under one roof.

Vets First Choice raises $223M to fuel expansion


Vets First Choice, a Portland-based online pharmacy and prescription-management company for veterinarians and their pet-owner clients, announced today a $223 million strategic investment to...

Greenlight Maine names 26 semifinalists for third season


Greenlight Maine, an entrepreneurial pitch contest with a $100,000 prize purse, has selected 26 semifinalists who will compete during its third season that begins this fall.

People's United Bank foundation awards $52K to eight nonprofits

The People's United Community Foundation, the philanthropic arm of People's United Bank, awarded $52,000 during its second grant cycle of 2017 to eight nonprofit organizations throughout Maine.

MTI awards $695K, leveraging nearly $1M for recipients


The Maine Technology Institute approved 31 awards totaling almost $695,000 from across its suite of funding programs, leveraging an additional $960,815 in matching funds from the organizations.

Venture capital money up, number of deals down in Q2

Lori Valigra |

Funding to venture capital-backed companies in the United States rose to its highest level in a year, though Maine only had one deal, according to the second-quarter figures released today.

Owner of Rumford mill seeks FAME financing for new tissue machine

Catalyst Paper, the Canadian owner of the Rumford paper mill, is seeking a $25 million loan through the Finance Authority of Maine’s Major Business Expansion Bond program.