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PublishedMarch 25, 2021
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.
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PublishedMarch 12, 2021
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.
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PublishedJanuary 9, 2021
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.
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PublishedOctober 7, 2020
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.
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PublishedSeptember 28, 2020
‘Viral marketing’ takes on new definition as pandemic alters ad campaigns
The pandemic forced businesses throughout Maine to consider the way they had been marketing themselves, and whether they needed to adapt to a changed world.
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PublishedAugust 17, 2020
Community banks credited for strong emergency business loan outcome in Maine
An abundance of smaller banks helped make the federal Paycheck Protection Program more effective than in most other states.
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PublishedJune 21, 2020
Virus contributes to outbreak of consumer debt in Maine
With jobs lost and bills piling up, many Mainers face mounting household debt triggered by the COVID-19 pandemic.
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PublishedMay 18, 2020
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
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PublishedApril 20, 2020
TD Bank among institutions criticized for poor response to emergency loan requests
TD Bank customers said they've spent hours waiting to talk to bank representatives about their Paycheck Protection Program loan applications and other issues.
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PublishedApril 6, 2020
Maine lenders buried in applications as small businesses seek federal aid
Financial institutions are hurriedly processing a flood of requests for emergency loans backed by the U.S. Small Business Administration.
banking
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