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PublishedSeptember 28, 2020
‘Viral marketing’ takes on new definition as pandemic alters ad campaigns
The pandemic forced businesses throughout Maine to consider the way they had been marketing themselves, and whether they needed to adapt to a changed world.
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PublishedAugust 17, 2020
Community banks credited for strong emergency business loan outcome in Maine
An abundance of smaller banks helped make the federal Paycheck Protection Program more effective than in most other states.
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PublishedJune 21, 2020
Virus contributes to outbreak of consumer debt in Maine
With jobs lost and bills piling up, many Mainers face mounting household debt triggered by the COVID-19 pandemic.
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PublishedMay 18, 2020
Nonprofit lenders in Maine attempt to fill gaps between federal bailout programs
Three community development organizations have SBA-backed loans available for business borrowers.
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PublishedApril 20, 2020
TD Bank among institutions criticized for poor response to emergency loan requests
TD Bank customers said they've spent hours waiting to talk to bank representatives about their Paycheck Protection Program loan applications and other issues.
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PublishedApril 6, 2020
Maine lenders buried in applications as small businesses seek federal aid
Financial institutions are hurriedly processing a flood of requests for emergency loans backed by the U.S. Small Business Administration.
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PublishedMarch 31, 2020
Maine small businesses, lenders scramble to navigate federal aid package
While government agencies get up to speed on new federal programs, smart business owners are taking action.
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PublishedMarch 20, 2020
Credit unions concerned Mainers are withdrawing too much cash
The withdrawals appear to coincide with the coronavirus pandemic and credit unions seek to reassure customers that their money is safer in financial institutions than in their homes.
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PublishedMarch 17, 2020
Maine financial institutions seek to reassure customers, limit contact
Representatives of banks and credit unions are promoting drive-through and digital access while lobby services are limited.
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PublishedJanuary 6, 2020
Biddeford, Mechanics savings banks merge
Maine Community Bank plans to keep all 10 branches open, and has no plans to lay off employees, its CEO says.
Banking
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