The largest bank chartered in Maine netted $10.1 million, and Northeast Bancorp of Lewiston also performed strongly, with net income up 94 percent.
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Posted inBusiness
Annual report shows exports a bright spot in Maine’s economy
International trade is hailed in the Measures of Growth report, while other sectors fall short.
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Posted inBusiness, Life & Culture, Local & State, News
On 40th anniversary, Longfellow’s in Manchester eyes younger crop of gardeners
The greenhouse and gardening business will hold an open house this weekend to celebrate its 40th year in operation, as an increasing number of young gardeners have become interested in raising their own edible produce.
Posted inBusiness, Local & State, News
Central Maine Motors owner honored by Mid Maine Chamber
Chris Gaunce, a Waterville native, was picked to be Business Person of the Year by the chamber for its annual slate of awards.
Posted inBusiness, Local & State, News
Maine construction firm Reed & Reed buys New Hampshire subcontractor
The acquisition of Farmington-based PLC Construction will help boost Reed & Reed’s wind energy business.
Posted inBusiness, Local & State, News
Operator of Sunday River Golf Club will refund memberships bought before property dispute
Newry Holdings will not honor memberships bought from course developer Harris Golf, and a lawsuit over ownership of the course is pending.
Posted inBusiness, Local & State, News
Judge signs order to close Eastern Mountain Sports store in Portland
The retailer on Marginal Way is one of 48 stores cited for closure in a bankruptcy proceeding.
Posted inBusiness, Local & State, News
Sunday River Golf Club under new management – for now
A judge’s ruling will allow creditor Newry Holdings to operate the facility until an ownership dispute with course developer Harris Golf is resolved.
Posted inBusiness, Local & State, News
Eastern Mountain Sports could close Portland store in bankruptcy proceeding
The Marginal Way store is one of 48 identified for closure so its parent company can be sold to a British retailer.
Posted inBusiness, Local & State, News, Politics
Maine lawmakers consider raising fuel tax to boost road, bridge repairs
Other measures proposed to help bridge a $159 million shortfall include an annual surcharge on hybrid and electric vehicles.