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Banking & Finance
Franklin Savings Bank adds to its residential and consumer lending team
June 11, 2025Franklin Savings Bank, based in Farmington, has offices in Ellsworth, Farmington, Jay, Rangeley, Rumford, Skowhegan, Wilton and inside Mt. Blue High School.
June 11, 2025
Bangor Savings Bank opens ninth NH location, 70th overall
Updated: June 12, 2025The bank has steadily grown its presence in the Granite State over the past seven years.
Updated: June 12, 2025
Thomaston maker of scallop-farm gear sweeps all categories in Dirigo Labs pitch contest
June 10, 2025The Maine Scallop Pot is designed to be used around the rhythms of lobstermen, enabling fishermen to cultivate scallops without disrupting established routines.
June 10, 2025
Franklin Savings — looking to expand its Downeast footprint — opens full-service branch in Ellsworth
Updated: June 11, 2025Franklin Savings Bank, which is based in Farmington, previously had a loan-production office in Ellsworth. This is its first full-service branch in the Downeast region.
Updated: June 11, 2025
Machias Savings expands southern Maine leadership team
Updated: June 10, 2025Machias Savings Bank has hired Alex Lopes as senior vice president and the southern Maine regional market manager.
Updated: June 10, 2025-
Top Gun winner bests 5 other finalists to take home $25,000
May 19, 2025Peace House Studio, a Bath-based manufacturer of organic cotton clothing, won this year’s Top Gun competition, and took home a check for $25,000.
May 19, 2025
Farmington program for youth-run startups will expand on 6-acre site
May 18, 2025The nonprofit Center for Entrepreneurial Studies received financing for the purchase from the nonprofit Genesis Community Loan Fund.
May 18, 2025
Mini-grant program stokes six small businesses in Maine
Updated: May 20, 2025The grants were awarded by New Ventures Maine, a program of the University of Maine at Augusta.
Updated: May 20, 2025
CEI promotes longtime employee to chief lending and investment officer
May 13, 2025Coastal Enterprises Inc. has promoted Kelsie Bouchard to chief lending and investment officer.
May 13, 2025
Bridging the gap: Expanding opportunities for employees with disabilities alleviates shortages
May 12, 2025According to Maine’s Department of Labor, 16% of working-age adults in the state have one or more disabilities, exceeding the national average of 13%.
May 12, 2025
Newsworthy people and performances for May 5, 2025
Updated: May 5, 2025A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.
Updated: May 5, 2025
The Eagle has landed: Massachusetts bank set to open its first Maine branch this summer
Updated: May 1, 2025Eagle Bank, which plans to open its first Maine branch in Kennebunk, already has a significant customer presence in Maine, the CEO said.
Updated: May 1, 2025
Maine's largest credit union opens Scarborough branch
Updated: April 30, 2025Atlantic Federal Credit Union's newest branch, located at the intersection of Payne and Ginn roads near Exit 42 off the Maine Turnpike, is staffed by four employees.
Updated: April 30, 2025
Newsworthy people and performances for April 21, 2025
Updated: April 21, 2025A roundup of new hires, promotions and achievement at businesses, nonprofits, health care institutions and professional services firms in Maine.
Updated: April 21, 2025
The Madison money trail: How TimberHP got into financial trouble — and how it aims to reset
Updated: April 21, 2025Currently operating with 54 employees, the insulation manufacturer is seeking to lessen its debt via a voluntary, pre-negotiated Chapter 11 reorganization plan filed in U.S. Bankruptcy Court in Delaware.
Updated: April 21, 2025
Maine banks ‘bank’ on New Hampshire's market opportunities and a similar culture
Updated: April 21, 2025A number of Maine-based banks have been expanding into New Hampshire in recent years. The goal is to broaden markets and serve existing New Hampshire customers, while remaining close to the Maine base.
Updated: April 21, 2025
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