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Banking & Finance

Weigel, McKim to lead Maine Bankers Assoc.

Staff |

At the 125th annual meeting of the Maine Bankers Association in South Casco, member banks elected Patricia Weigel, president and CEO of Norway Savings Bank, to head the association beginning July 1.

Bangor Saving closes FY 2018 in position of strength

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Investments in infrastructure and growth in core accounts helped Bangor Savings Bank earn a net income of $23.9 million for the 2018 fiscal year that ended March 31. The bank finished the fiscal year...

Gorham Savings celebrating 150 years with 150 days of giving

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Gorham Savings Bank, in celebration of its 150th anniversary, plans to grant up to $150,000 of wishes over the next 150 days as part of a community giving program called “Wish Tree.”

Sterling Kozlowski, KeyBank’s Maine market president, passes away

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Sterling Kozlowski, Maine market president for KeyBank, died on Saturday, the bank said Monday.

Maine Credit Union League backs bill to protect legal cannabis from feds

James McCarthy |

The Maine Credit Union League is supporting a bill introduced Thursday in the U.S. Senate that would remove the threat of federal prosecution in Maine and other states that have legalized...

MaineHealth earns strong credit ratings ahead of issuing bonds for $512M expansion

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Two credit rating agencies have affirmed the strong financial position of MaineHealth, northern New England's largest health care system, as the organization readies itself to borrow for an expansion...

Brien Walton named CEO of Acadia Capital Management CDE consortium

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Brien Walton, director of Husson University's Center for Family Business, has been named chairman and CEO of the Acadia Capital Management consortium of Community Development Entities.

North Spore wins $50K Gorham Savings' LaunchPad prize

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North Spore, a Westbrook startup that cultivates and sells mushroom-growing kits, beat four other finalists to win the coveted $50,000 Gorham Savings Bank LaunchPad prize on Tuesday evening.

New venture fund to invest in western and central Maine

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Opus Ventures, a Portland-based private capital and investment firm, and the Skowhegan Savings Charitable Foundation have created the Western Maine Venture Fund to support early-stage companies in...

Merrill Lynch settles with Maine over its unnecessary fees for NextGen investors

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Maine has reached a settlement with Merrill Lynch, Pierce, Fenner & Smith Inc. following an investigation that determined the investment firm steered some Mainers’ NextGen college savings into...