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PublishedMarch 31, 2020
Maine small businesses, lenders scramble to navigate federal aid package
While government agencies get up to speed on new federal programs, smart business owners are taking action.
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PublishedMarch 20, 2020
Credit unions concerned Mainers are withdrawing too much cash
The withdrawals appear to coincide with the coronavirus pandemic and credit unions seek to reassure customers that their money is safer in financial institutions than in their homes.
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PublishedMarch 17, 2020
Maine financial institutions seek to reassure customers, limit contact
Representatives of banks and credit unions are promoting drive-through and digital access while lobby services are limited.
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PublishedJanuary 6, 2020
Biddeford, Mechanics savings banks merge
Maine Community Bank plans to keep all 10 branches open, and has no plans to lay off employees, its CEO says.
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PublishedDecember 20, 2019
Efforts to improve banking access for cannabis growers take a big hit
A proposal to protect financial institutions serving marijuana businesses was stripped from the federal spending bill, and a measure to improve access to banking is held up in the Senate Banking Committee.
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PublishedOctober 7, 2019
New credit union for Maine food producers opens for business
Maine Harvest Federal Credit Union promises to offer a previously unavailable source of financing for the state’s small farms and food businesses.
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PublishedSeptember 13, 2019
Judge rules Bar Harbor bank must face claims it let conman steal from estate, then tried a cover-up
Plaintiffs allege the bank's trust business allowed Robert Kenneth Lindell Jr. to steal over $1 million from an elderly widow's estate and then tried to cover up its involvement.
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PublishedJuly 8, 2019
Maine banks seek market share in neighboring states
Some Maine-chartered banks view states such as New Hampshire and Vermont as attractive markets to expand their operations.
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PublishedDecember 5, 2018
Selectmen vote to change Strong’s banking practices
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PublishedJune 4, 2018
Mary Elizabeth Chizmar
banking
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