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ORONO The University of Maine Foundation has received more than

$2 million from the Veronica Pendleton estate to fund the Raymond K. and Veronica Pendleton Fund at the University of Maine. Mrs. Pendleton created the fund several years ago with a plan to provide an eventual gift from her estate.

BANGOR The retirement of small business owners will be the subject of a workshop cosponsored by Husson University and the Eastern Maine Development Corporation (EMDC) on Thursday, Oct. 29, from 8 to 9:30 a.m. at the Richard E. Dyke Center for Family Business on Husson's campus in Bangor, Maine. Dr. Nancy Forster-Holt, an assistant professor in Husson University's College of Business and executive director of the Center for Family Business, will present recent research findings about what happens to the retirement planning and continuity concerns of small business owners as they consider their exit strategy options.

Workshop organizers hope to create a cohort of business owners who are at mid-career or considering retirement, from established companies, that feel they would benefit from additional educational opportunities. At the conclusion of the session, Husson University and EMDC will solicit feedback from participants that will help shape future sessions. In addition, this information will help the organizations to engage advisors specializing in retirement, valuation and business brokerage services.

BANGOR - MaineStream Finance was recently awarded a $250,000 grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, which is used to stimulate economic development and housing in low-income areas across the country.

The grant will be used by MaineStream Finance to provide loans to people who have limited access to affordable credit. The financing programs offered by MaineStream include: home repair loans, debt consolidation loans and business loans under $50,000. MaineStream's financing terms are generally more flexible than traditional bank financing. A subsidiary of Penquis, MaineStream Finance has offices located in Bangor, Dover-Foxcroft and Rockland. In addition to lending, MaineStream provides homebuyer education classes for first-time home buyers, mortgage counseling for existing home owners and business classes for individuals who want to start and grow their own business.

ORONO Maine Savings, one of Maine's largest credit unions, celebrated an outstanding inaugural year for its exclusive Black Bear Debit Card partnership with the University of Maine Athletics Department and Black Bear Sports Properties during a special intermission at the University of Maine Black Bears homecoming football game on Oct. 17. Josh Howes, Maine Savings College Avenue branch manager, and Rob Carmichael, Maine Savings senior vice president, presented University of Maine Director of Athletics Karlton Creech with a ceremonial check for $13,744 to benefit the Black Bear Fund, which provides scholarships to student athletes.

'The support our members have shown for Black Bear student athletes has been amazing,' said John Reed, president and CEO of Maine Savings. 'We're proud to support the Black Bears and this program shows that our members are, too.'

CAMDEN -- Camden National Corporation (NASDAQ: CAC), the parent company of Camden National Bank, announced that it successfully completed its acquisition of SBM Financial, Inc., the parent company of The Bank of Maine on Oct. 16, 2015.

Announced in March, the focus of this merger will remain on expanding relationships with customers by providing them with leading-edge digital banking tools, a wide range of lending and deposit options and robust wealth management and investment services, while still remaining an important member of the communities it serves. Camden National Bank welcomes 55,000 new customers, who will have access to 64 banking locations and over 85 ATMs across the State of Maine. Camden National Bank remains headquartered in Camden, Maine, but the merger further expands Camden National Bank's geographic footprint in the fast-growing markets of southern Maine, including Portland, Kennebunk, Saco and York.

ORONO The University of Maine Black Bear license plate program has raised more than $1 million for scholarships to support UMaine students, according to University of Maine Foundation President Jeffery Mills.

Mills made the announcement at the University of Maine Foundation's annual meeting and luncheon Oct. 16 on campus.

Monday, 19 October 2015 18:41

UMM chosen for Maine Preservation Honor Award

Written by PR

MACHIAS -- The University of Maine at Machias has been selected for a Maine Preservation 2015 Honor Award for the restoration of historic Powers Hall.

The awards recognize excellence in historic preservation, highlight the importance of preservation, rehabilitation and adaptive use of important historic Maine landmarks and encourage the use of historic buildings for downtown and neighborhood revitalization. Maine Preservation, founded in 1972, is an independent, nonprofit, statewide historic preservation organization.

AUGUSTA - The LePage Administration today presented six Maine companies with a 2015 Governor's Award for Business Excellence during a reception at the Blaine House in Augusta.

The 25th annual awards, administered by the Maine Department of Economic and Community Development and sponsored by FairPoint Communications, recognize Maine businesses that are successful in a variety of ways and honor their outstanding commitment to their employees, their communities and to overall business excellence.

Monday, 19 October 2015 18:39

Virginia' offers Women's Shipbuilding Day Nov. 8

Written by PR

BATH - Join a group of other interested volunteers at Maine's First Ship's waterfront boatshed on Sunday, Nov. 8, for the second annual Women's Shipbuilding Day in Bath. Maine's First Ship is building 'Virginia,' a reconstruction of the first ship built by English colonists in 1607 at the mouth of the Kennebec.

While the original was built entirely by men, those involved with 'Virginia' these days are looking to provide more opportunities for women to build the ship. 'We had our first Women's Shipbuilding Day last year,' said MFS Volunteer Coordinator Jeremy Blaiklock of Arrowsic, adding, 'It was a great way to introduce them to the project in low key, supportive environment.'

FARMINGTON Veronica Manasco, a first-year student at the University of Maine at Farmington, was recently honored at the 2015 Mitchell Institute Fall Gala with the distinguished Paddy Frank Walsh Pioneer Scholar Award. Pioneer Scholars are specially selected Mitchell Scholars who show great promise in terms of citizenship, scholarship and perseverance and have overcome tremendous obstacles to achieving success.

Manasco was one of only 34 out of 2,400 Mitchell Scholars and Alumni to be specially recognized at this year's gala. 'Veronica's intellect, strong connection to her family and great resilience made her a natural selection for the Paddy Frank Walsh Pioneer Award. We are proud to count her among our Mitchell Scholars and look forward to helping her achieve her dreams,' said Meg Baxter, president and CEO of the Mitchell Institute.

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