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Banking & Finance
Kennebec Savings CFO to retire after 41 years in banking
13 hours agoDebbie Getchell, Kennebec Savings Bank’s senior vice president and chief financial officer, retired on Dec. 31 after a 41-year career in finance.
13 hours ago
Gorham Savings completes merger with Maine Community Bank
January 2, 2025The enlarged bank, now known as Maine Community Bank, employs more than 370 people, and has branches in Cumberland, Androscoggin and York counties.
January 2, 2025
Maine M&A momentum in 2024 spanned industries from manufacturing to financial services
Updated: December 31, 2024Some Maine companies bulked up through acquisitions, while others were targets for buyers.
Updated: December 31, 2024
From mergers to mascots, this was a busy year for Maine bank and credit unions
Updated: December 24, 2024Here are 10 Mainebiz news and feature articles on Maine bank and credit unions published in 2024.
Updated: December 24, 2024
Bah, humbug: Layoffs, closings and other 'hard' news in 2024
Updated: December 27, 2024Maine businesses had their share of rough patches in 2024.
Updated: December 27, 2024-
Two national retailers with a Maine presence are going out of business
December 23, 2024Two retailers with a Maine presence are going out of business.
December 23, 2024
Camden National gets green light from regulators for Granite State acquisition
Updated: December 26, 2024Camden National expects to complete the $86.6 million all-stock deal for Conway, N.H.-based Northway Bank by Jan. 2.
Updated: December 26, 2024
Bar Harbor Bank names relationship manager for a Kennebec County branch
Updated: December 23, 2024Bar Harbor Bank & Trust has hired Eliberta Cummings as branch relationship manager at the South China branch.
Updated: December 23, 2024
Katahdin Trust names commercial services officer with retail background
December 19, 2024Katahdin Bankshares Corp. has hired Tom Dwyer as assistant vice president and commercial services officer.
December 19, 2024
Show me the money: UMaine business students' investment fund passes $5M
December 18, 2024The club earned first place in the value portfolio category at the Quinnipiac Global Asset Management Education Forum, the largest student-run financial conference in the world.
December 18, 2024
$23M earmarked for affordable housing rentals in Maine
Updated: December 19, 2024The round of funding from the Federal Home Loan Bank of Boston will go toward the creation or preservation of more than 450 units of affordable rental housing in Maine.
Updated: December 19, 2024
Kennebunk Savings CEO plans to continue board work in retirement
December 17, 2024Bradford Paige, the longtime president and CEO of Kennebunk Savings Bank, will retire at the end of the month, but plans to remain active on various boards.
December 17, 2024
President and CEO of Skowhegan Savings to retire at the end of 2025
December 16, 2024David Cyr announced he would retire at the end of 2025, and will be replaced by Dan Tilton, who is now a VP of sales and customer relations.
December 16, 2024
Spinnaker Trust promotes 3 senior team members to principal
December 16, 2024Spinnaker Trust, a Portland-based wealth management firm, has promoted three senior team members to principals.
December 16, 2024
Maine Grains secures $700k in grants toward planned expansion in Skowhegan
December 11, 2024Maine Grains, based in Skowhegan, has secured $700,000 in grants this year to purchase equipment and expand production capacity.
December 11, 2024
Norway Savings Bank promotes three to leadership roles
Updated: December 12, 2024Norway Savings Bank promotes three employees to its senior leadership team.
Updated: December 12, 2024
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