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PublishedMarch 31, 2020
Maine small businesses, lenders scramble to navigate federal aid package
While government agencies get up to speed on new federal programs, smart business owners are taking action.
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PublishedMarch 20, 2020
Credit unions concerned Mainers are withdrawing too much cash
The withdrawals appear to coincide with the coronavirus pandemic and credit unions seek to reassure customers that their money is safer in financial institutions than in their homes.
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PublishedMarch 17, 2020
Maine financial institutions seek to reassure customers, limit contact
Representatives of banks and credit unions are promoting drive-through and digital access while lobby services are limited.
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PublishedJanuary 6, 2020
Biddeford, Mechanics savings banks merge
Maine Community Bank plans to keep all 10 branches open, and has no plans to lay off employees, its CEO says.
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PublishedDecember 20, 2019
Efforts to improve banking access for cannabis growers take a big hit
A proposal to protect financial institutions serving marijuana businesses was stripped from the federal spending bill, and a measure to improve access to banking is held up in the Senate Banking Committee.
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PublishedDecember 17, 2019
Bangor Savings Bank to acquire Damariscotta Bank & Trust
The combined company would have $4.8 billion in assets and more than 60 branches in Maine and New Hampshire.
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PublishedDecember 12, 2019
Bangor retailer wins KeyBank award
The Willie Wags uses it customer base to support women-owned business and Maine-made products.
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PublishedDecember 9, 2019
Maine Compass: Give ‘we, the people’ control of our state’s vital infrastructure
Electricity, water, banks and the internet should be in the hands of the public, not corporate interests.
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PublishedDecember 4, 2019
NBT Bank moves to new location on Portland waterfront
The bank relocated from its previous location in the Pierce Atwood building on Merrill’s Wharf to a new space at 5 Widgery Wharf.
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PublishedNovember 25, 2019
Foreside Financial to acquire U.S. Bancorp subsidiary
The Portland-based financial services outsourcing firm has been on an acquisition spree recently.
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