From processing emergency loans and loan deferrals to ramping up electronic services and drive-thru operations to keep employees and customers safe, Maine banks and credit unions were tested in 2020 and passed with flying colors.
“Fortunately, Maine’s banks entered the pandemic and a year of economic turmoil from a position of strength,” says Gregory Dufour, president and CEO of Camden National Bank. “With prudent capital management strategies and favorable asset quality, we were able to flex quickly and support Maine’s businesses, families and communities in 2020, delivering on efforts such as PPP [Paycheck Protection Program] lending and loan payment relief.”
As Mainers await their stimulus checks, many Maine businesses are welcoming a new round of Paycheck Protection Program loans included in the new COVID-19 relief bill. Chaval owners Damian Sansonetti and his wife, Ilma Lopez, are doing what they need to do to second another financial shot in the arm from the program. Sign up for our Newsletters The program allowed them to borrow 80% of their payroll costs at the state of the pandemic. The loan.
Last-minute shopping and avoiding spending more than you have to
Jon Paradise from Town & Country Federal Credit Union shares his advice for staying within your budget this week. Author: Lindsey Mills (NEWS CENTER Maine) Published: 1:56 PM EST December 21, 2020 Updated: 7:41 PM EST December 21, 2020
PORTLAND, Maine We re in the final homestretch to Christmas and you may find yourself doing some last-minute shopping. That rush could have you spending more than you had planned to. You [have to] be extra careful with your budget or in January you re going to have the holiday blues, Jon Paradise, Senior VP of Marketing, Communications & Community Outreach at Town & Country Federal Credit Union said.
Tim Jalbert named chief financial officer at The Cedars
Portland senior care community The Cedars has tapped
Tim Jalbert as its new chief financial officer. A resident of Kennebunkport, Jalbert comes to The Cedars from CliftonLarsonAllen, where he served as a health care consulting manager. He is a forward thinking, technology-savvy certified public accountant who has been an innovator in software development to improve quality and revenue and enjoys using analytics to study future health care trends.
Amy Bell Segal
Amy Bell Segal has been hired by South Portland engineering firm Sebago Technics. Segal will take on the role of senior landscape architect/senior project manager, where she will manage a variety of projects on top of contributing to overall site planning and design. Segal graduated from Cornell University with a degree in landscape architecture, and she and her family are longtime Portland residents. After 28 years with Terrance J. DeWan & Associates, Segal brings