Camden National Bank announced plans Monday to acquire The Bank of Maine in a $135 million deal that will make it Maine’s largest locally owned bank.
The Press Herald has a good primer on the new law that allows small companies to raise funding through crowdfunding.
Under Maine’s crowdfunding law, entrepreneurs can raise capital by selling equity or debt in their companies to anyone. The exchange of money for equity or debt does require regulatory oversight and includes some restrictions.
While data on Maine’s economy for 2014 is still rolling in (and will be for up to another year), we’re able to reflect on at least a few trends, most of which show the same broader story of Maine’s slow recovery from recession.
Officials at the Midcoast Regional Redevelopment Authority, the agency overseeing conversion of the base to civilian use, believe TechPlace will become a cornerstone for new business development at Brunswick Landing.
The aim is to bring in small companies in high-tech industries like aerospace, composite materials, renewable energy and information technology, and give them the space and resources to grow and connect with other businesses.