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PublishedNovember 2, 2022
Fed unleashes another big interest rate hike but hints at a pullback
It is the central bank’s 6th rate hike this year – a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession.
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PublishedOctober 25, 2022
Record number of Americans now have bank accounts, government reports
The FDIC attributed most of the improvement to the stronger economy in 2021, as the coronavirus pandemic restrictions largely expired and there were low levels of unemployment.
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PublishedJuly 14, 2022
OTIS Federal Credit Union appoints Chris Bouchard new chief executive officer
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PublishedJuly 7, 2022
Brian King named Bank of America Maine president
King will oversee the bank's operations and philanthropic giving in the state.
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PublishedJune 26, 2022
Maine’s marijuana industry booming no thanks to banks
Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution
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PublishedFebruary 1, 2022
Maine banks team up to launch worker recruitment campaign
Amid the state's labor shortage, Maine banks are struggling to hire enough workers to meet their needs.
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PublishedOctober 4, 2021
The Pandora Papers: Foreign money secretly floods U.S. tax havens. Some of it is tainted.
New Hampshire is among the states that passed legislation to allow creation of trusts that attract ultra-wealthy individuals.
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PublishedJune 24, 2021
Chase Bank opens new branch in Portland, the 1st of 5 planned for Maine
The new branch – at 480 Congress St. – is part of a 2-year planned expansion to Maine.
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PublishedMay 6, 2021
Two Maine banks make Forbes’ top 10 list for best U.S. banks
Bangor Savings Bank ranked No. 2 and Camden National Bank ranked No. 7 on the list.
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PublishedMarch 29, 2021
Camden National named among top 50 U.S. community banks
Camden National Bank was the only Maine-based bank to be recognized by S&P Global Market as a top community bank in 2020.
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