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banking

Published
August 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.
Published
June 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.
Published
May 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.
Published
April 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.
Published
April 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.

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Published
March 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.
Published
March 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.
Published
March 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.
Published
February 12, 2020

New program trains new Mainers as bank tellers

Students in the program have former financial or business experience as professionals in their nine home countries.
Published
January 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.