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Banking & Finance

People’s United Community Foundation awards $37K to Maine nonprofits

Staff |

People’s United Community Foundation, the philanthropic arm of People’s United Bank, awarded $37,029 to Maine-based nonprofits during its first grant cycle of 2018.

Construction underway on Bangor Savings' new waterfront campus

Construction of the new five-story, 116,000-square-foot Bangor Savings Bank headquarters is underway at 11 Hamlin Way on Bangor's waterfront, with completion expected by the end of January 2019.

Last beam goes up at cPort Middle St. branch building site

Staff |

Portland-based cPort Credit Union is on track to complete construction of a new branch at 35 Middle St. this year after putting up the last beam at the site on Wednesday.

MTI awards $10.9M in technology grants to seven Maine firms

Staff |

The Maine Technology Institute has completed the full disbursement of the $45 million technology bond approved by voters last June, awarding $10.9 million in challenge grant awards to seven Maine...

Maine's top 3 banks making their presence known in N.H. (and beyond)

Peter Van Allen |

Maine's top three banks are making inroads in the Granite State. Bangor Savings Bank's parent, Bangor Bancorp MHC, completed its acquisition of the holding company for Granite Bank, which...

Colby building buy is step forward for Camden National Bank too

The purchase of the Camden National Bank building at 33 Main St. in Waterville, the sixth the college has bought downtown, is part of its plan to develop a hotel, and the bank will move into the new...

Katahdin Trust offering grants to help eligible homebuyers

Staff |

Katahdin Trust Co., a Houlton-based bank with 16 branch offices, was once again selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists local...

Colby College buys Camden National building to add to hotel plan

Maureen Milliken |

Colby College is buying the Camden National Bank building at 33 Main St. in Waterville, which is adjacent to the lot where it plans to build a hotel as part of that project. The bank will move into...

Bangor Savings Bank completes merger with Granite Bank

Staff |

Bangor Bancorp MHC, parent company of Bangor Savings Bank, completed its merger with a New Hampshire bank, adding four offices and $241 million in assets.

Kennebec County farmer gets key startup support from lending co-op

Staff |

A Readfield farmer credits Farm Credit East’s FarmStart program with providing the working capital and business advice that have helped him establish what is now a 300-acre diversified farm of...