Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution
banking
Posted inBusiness, Maine, News
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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Posted inBusiness, Nation / World, Politics
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.
Posted inBusiness, News
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.
Posted inBusiness, Maine
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.
Posted inBusiness, Maine
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.
Posted inBusiness, Maine
Bangor Savings Bank offering its workers $500 to get vaccinated
The first Maine business to publicly offer cash for getting vaccinated isn’t requiring its 1,100-plus employees to have shots, but it does hope to provide an incentive.
Posted inBusiness, Maine, Oxford Hills
Maine senator calls for crackdown on ‘snake oil and fine print’ payday loans
State Sen. Rick Bennett of Oxford calls for limits on how much lenders can charge for short-term loans to hard-pressed Mainers.
Posted inBusiness, Maine
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.
Posted inBusiness, Maine
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.