WESTBROOK — Maine Credit Union League’s Campaign for Ending Hunger has donated $48,688 to Good Shepherd Food Bank’s COVID-19 response. The money was raised in June as part of the Campaign for Ending Hunger $100,000 Challenge, a monthlong initiative that raised $230,000. As part of the challenge, 75% of the funds raised online by Maine […]
Business
Local, state and national business news from the Sun Journal.
Rangeley Friends of the Arts hires Stephanie Chu-O’Neil
RANGELEY — The Rangeley Friends of the Arts has hired Stephanie Chu-O’Neil as the new site coordinator for its free after-school program: CASA – Creative After-School Arts. The program is open to students in grades 5-12, and will meet Monday-Tuesday and Thursday-Friday after school until 5 p.m. Chu-O’Neil will bring her expertise and experience in […]
Tech slump sends stock market to its biggest loss since June
Investors will be paying close attention Friday when the Labor Department releases its August job report.
St. Mary’s hires Jeffrey Hundman, appoints Coleen Elias
LEWISTON — St. Mary’s Health System recently hired Jeffrey Hundman as vice president of finance/CFO and appointed Coleen Elias as CEO/CFO of Community Clinical Services. Prior to joining Covenant Health, Hundman was CFO with The Guthrie Clinic in Sayre, Pennsylvania, a not-for-profit health system in Pennsylvania and New York, where his responsibilities included accounting for […]
Franklin Savings Bank promotes Leanne Gagne
RUMFORD — Franklin Savings Bank has promoted longtime River Valley loan officer Leanne Gagne to assistant vice president status. Gagne is an experienced residential and installment lender, currently in her 32nd year of service at Franklin Savings Bank. She and her husband are longtime residents of Dixfield, where they raised their two adult children. Gagne […]
Franklin Savings Bank donates to school meal programs
FARMINGTON — Franklin Savings Bank donated a total of $48,000 to nine local districts to help cover the costs of summer meal programs. These districts being: RSU 9, RSU 10, RSU 54, RSU 56, RSU 73, MSAD 44, MSAD 58, MSAD 59 and the Ellsworth School Department. The bank decided to make the donation after […]
Maine hits snag in effort to distribute pandemic aid to seafood industry
Individual fishermen, fishing charters and seafood dealers must demonstrate revenue losses before receiving checks, probably in November.
OTIS Federal Credit Union raises funds for ending hunger campaign
JAY – OTIS Federal Credit Union held a yard sale in its member parking lot to raise money for the Maine Credit Unions’ Campaign for Ending Hunger on Aug. 22. Eight employees volunteered their time. This year’s annual yard sale raised a record total of $2,126.72 for the Campaign for Ending Hunger in Maine. All […]
Maine unemployment claims increase slightly as layoffs continue
The number of initial and continued claims appears to be be leveling off after declining sharply from a peak this spring.
U.S. jobless claims fall to 881,000, but layoffs remain elevated
A wave of layoff announcements by major companies has heightened concerns that many job losses will end up being permanent.