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PublishedJanuary 9, 2021
State income tax issue looms over pandemic relief loan recipients
Unless the Legislature acts, Maine businesses and nonprofits could have a higher state tax burden than what federal tax rules require.
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PublishedNovember 13, 2020
Bangor, Damariscotta banks set to merge this month
Federal regulators have approved the merger of a pair of Maine-based banks that will give them more than 60 branch locations in Maine and New Hampshire.
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PublishedOctober 8, 2020
JPMorgan commits $30 billion to fixing banking industry’s systemic racism
The New York bank says it will extend billions in loans to Black and Latino homebuyers and small business owners.
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PublishedOctober 7, 2020
Midcoast Federal Credit Union to merge with Maine State Credit Union
The combined entity would operate as Maine State Credit Union, with over $725 million in assets and 46,000 members across eight locations.
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PublishedSeptember 28, 2020
‘Viral marketing’ takes on new definition as pandemic alters ad campaigns
The pandemic forced businesses throughout Maine to consider the way they had been marketing themselves, and whether they needed to adapt to a changed world.
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PublishedAugust 17, 2020
Community banks credited for strong emergency business loan outcome in Maine
An abundance of smaller banks helped make the federal Paycheck Protection Program more effective than in most other states.
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PublishedJune 21, 2020
Virus contributes to outbreak of consumer debt in Maine
With jobs lost and bills piling up, many Mainers face mounting household debt triggered by the COVID-19 pandemic.
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PublishedMay 18, 2020
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
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PublishedApril 20, 2020
TD Bank among institutions criticized for poor response to emergency loan requests
TD Bank customers said they've spent hours waiting to talk to bank representatives about their Paycheck Protection Program loan applications and other issues.
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PublishedApril 6, 2020
Maine lenders buried in applications as small businesses seek federal aid
Financial institutions are hurriedly processing a flood of requests for emergency loans backed by the U.S. Small Business Administration.
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