The previously announced merger would have combined two member-owned financial institutions in noncontiguous states.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Local & State
MaineHealth joins list of Maine employers offering paid parental leave
Several of the state’s largest employers now offer some form of paid leave for mothers and fathers following the birth or adoption of a child.
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Posted inBusiness, Local & State, News
Maine’s low unemployment streak doubles previous record
The state’s unemployment rate has been below 4 percent for 44 consecutive months, twice as long as the previous record from September 1999 to July 2001.
Posted inBusiness, Local & State, News
Maine home sales set a record in 2018, and they’re not far off the pace this year
Through August, the total number of sales was less than 1% below the first eight months of 2018 – the state’s best sales year ever.
Posted inBusiness, Local & State, News
Hannaford will move to restrict ‘chemicals of concern’ in products, packaging
The action comes nearly 2 years after a Portland-based environmental health group gave the supermarket chain an ‘F’ for failing to announce policies to ensure the chemical safety of its products.
Posted inBusiness, Local & State, News
With lawsuit pending, Prime Automotive Group fires David Rosenberg
Rosenberg accused the company’s largest investor of financial misconduct in a lawsuit he filed in July.
Posted inBusiness, Local & State
Portland-based app-maker changes name, raises more cash
Wallit, known previously as Ourly, receives an additional $2.6 million in seed funding after an earlier funding round of $3.4 million.
Posted inBusiness
Gorham Savings opens branch in historic Yarmouth train depot
The branch in the Grand Trunk Railroad Depot on Main Street opened after a yearlong restoration project.
Posted inBusiness
Sun Life Financial adds paid family leave policy
The Canadian financial services firm has roughly 500 employees in Maine.
Posted inBusiness, Local & State, Maine Crime
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.