Its purchase of EFS will boost and diversify revenues and create efficiencies, but some analysts see risk in so much borrowing to achieve growth.
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
Merger of Camden National and Bank of Maine creates state’s biggest community bank
The merger, Camden National Bank’s largest purchase yet, is expected to be completed Friday.
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Posted inBusiness
Portland-based trade group seeks managers for growing shipping industry
The group plans a seminar in Portland to recruit military veterans and merchant mariners who are skilled in logistics.
Posted inNation & World, News
El Faro lawsuit in Florida likely just the first step in a long legal process
The family of a crew member on the cargo ship sues its owner and the vessel’s captain, Michael Davidson of Windham, one of 33 people who died in the sinking.
Posted inBusiness, Local & State, News
New rules likely to add weeks to home purchase closings
The rules aimed at helping buyers fully understand the loan terms will lengthen the wait to 60 days or more.
Posted inLocal & State, News
Hundreds gather at Maine Maritime Academy to pray, sing and hope for El Faro crew members
Students, faculty, administrators and alumni of the school hold a somber vigil for four Maine Maritime graduates who are missing at sea.
Posted inBusiness, Local & State
Rollout of new payment card readers lagging in Maine, nation
Despite today’s deadline, many businesses have yet to fully implement the readers at checkout counters, and many consumers have yet to be issued the chip-embedded cards.
Posted inBusiness, Local & State, News
Increase in older visitors boosts Maine’s late-season tourism revenue
Hotels and restaurants are benefiting from the segment’s deeper pockets and tendency to vacation in the ‘shoulder month’ of September.
Posted inBusiness, Local & State, News
Maine company quietly plays troubleshooter for developing world
Planson International in New Gloucester provides gear and technology to solve small problems or respond to major global events.
Posted inBusiness, Local & State, News
ICYMI: Low wages could hinder growth of the state’s economy
There is a shortage of highly skilled workers, yet pay often lags well behind what those employees earn nationwide.