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Banking & Finance

CEI launches subsidiary to finance high-impact, mid-scale solar projects


Brunswick-based CEI has launched a new subsidiary — with the name of Bright Community Capital — to fill a financing gap in the solar energy marketplace.

Maine credit unions raise record amount toward ending hunger


Representatives of Maine’s credit unions gathered in South Portland on Tuesday to celebrate a record $740,027 raised in 2017 to help end hunger in Maine.

Atlantic Federal and York County Federal credit unions plan to merge


York County Federal Credit Union and Atlantic Federal Credit Union announced Monday they plan to merge, subject to a multi-step due diligence process.

Jackson Lab receives $12.5M grant for Ellsworth expansion


Maine Technology Institute awarded a $12.5 million grant to The Jackson Laboratory to support construction of a state-of-the-art research mouse production facility in Ellsworth.

Vets First Choice will build $20M corporate facility in Portland


Vets First Choice, a Portland company that provides technology-enabled care services for veterinary uses, will build a $20 million corporate facility in Portland.

Massachusetts lender acquires Cumberland County Mortgage


HarborOne Bank of Brockton, Mass., has acquired Cumberland County Mortgage of South Portland for an undisclosed amount.

cPort Credit Union building new Portland branch on Middle Street


A new branch office of cPort Credit Union is under construction at 35 Middle St. in Portland. The building, next to Duckfat and Ribollita restaurants, is being built using all Maine-based...

Housing companies linked to Michael Liberty file for Chapter 11

Three low-income and senior housing companies with ties to developer Michael Liberty, who was sentenced last August to four months in jail for illegal political contributions, have filed for Chapter...

Hyperlite Mountain Gear raises $1.1M in early stage venture capital


Hyperlite Mountain Gear, the Biddeford-based manufacturer of 100% USA-made ultralight outdoor equipment, announced it has completed a $1.1 million early series round of financing.

Boston Fed's Fuhrer gives growth outlook, tax-reform impact readout

Renee Cordes |

Jeffrey C. Fuhrer, executive vice president and senior policy advisor at the Federal Reserve Bank of Boston, on Tuesday predicted 2.5% U.S. economic growth in 2018 and gave a quick readout of what...