The bank eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Lincolnville-Islesboro ferry terminals to get $7.1 million upgrade
Built in 1959, the terminals must be modernized to accommodate a new hybrid-electric ferry expected in 2027.
advertisement
Posted inBusiness, Maine, Politics
Documents reveal NextEra’s hidden efforts to oppose transmission line corridor
The documents released by the Maine ethics commission detail the energy company’s funding of the Stop the Corridor group and how a Virginia consultant working for NextEra funneled money to the Maine Democratic Party.
Posted inBusiness, Kennebec Journal, Maine, Morning Sentinel
Augusta Downtown Alliance seeks new executive director as leader exits for Waterville job
Michael Hall is leaving the Augusta Downtown Alliance after nearly eight years to become communuity development specialist for the city of Waterville, where among other things he’ll focus on developing upper-floor housing in the city’s downtown.
Posted inBusiness, Nation & World, News
UAW announces drive to organize Toyota, Tesla and a dozen other automakers
United Auto Workers launches a campaign to expand on labor success, with a new website where workers record their interest in joining the union.
Posted inBusiness, Nation & World, News
Conservative Supreme Court seems open to an attack on the Securities and Exchange Commission
The case is just one of several this term in which conservative and business interests are urging the court to constrict federal regulators.
Posted inBusiness, Maine, Politics
State ethics commission fines group behind ‘right to repair’ referendum
The Maine Automotive Right to Repair Committee was assessed a $35,000 fine for late notifications of major contributions to donors and the commission.
Posted inBusiness, Maine, News
Mainers will pay $30 less per month on average for electricity in 2024
The standard-offer rate for Central Maine Power customers will decrease by 35%; Versant Power customers will see a 24% drop. The decreases are the result of a big drop in natural gas prices.
Posted inBusiness, Nation & World, News, Politics
Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show
Prosecutors maintain that Donald Trump’s allegedly inflated financial statements were critical to netting his company the Deutsche Bank loans at favorable rates, saving him many millions of dollars in interest.
Posted inBusiness, Nation & World, News
U.S. economy grew 5.2% in 3rd quarter, more than first estimated
The government’s other main gauge of economic activity – gross domestic income – rose a more moderate 1.5%.