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United Way Community Change Challenge runs through February


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FARMINGTON The fifth annual United Way Community Change Challenge kicked off Feb. 1 and extends this entire month.
Last year area businesses raised over $6,000, proving that a little bit of change can add up quickly. It is not too late to join; any business, organization, school or group is welcome to sign up. There will be matching donations for the first $2,000: $1,000 from The Dugout Bar & Grill and $1,000 from Bangor Savings Bank.
The Tier 1 trophy for employers with over 200 employees or unrestricted customer traffic resides at Spruce Mountain School District in Jay. The Tier II trophy for organizations of less than 200 employees is held by The Dugout Bar & Grill, in Farmington. ....

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Building Business: In Windham, two financial institutions will partner on space


Landry/French Construction is in the final stages of building a new site in Windham for Cross Insurance and Bangor Savings Bank. Occupancy is expected by this summer.
When completed, the building in Windham will be 7,000 square feet, on a busy corner at the intersection of Routes 115 (Tandberg Trail) and 302 (Roosevelt Trail).
Bangor Savings will occupy about half of the building with offices and a branch. Cross Insurance will occupy the other half as office space. Design for the building was by
TAC Architectural.
Cross Insurance, which was already in a building at that location (now adjacent to the new space), owns the land. Bangor Savings owns the building. The two companies codeveloped the new building. ....

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Bank expansion heats up, and Chase's Maine rollout isn't the only game in town


As JPMorgan Chase prepares to enter southern Maine’s crowded retail banking market, rivals are watching but not standing still.
“They’re formidable,” Curtis Simard, president and CEO of Bar Harbor Bank and Trust (with $3.6 billion in assets) says of JPMorgan Chase, the largest U.S. bank with $2.7 trillion in assets. Both opened commercial offices in Portland in 2018, and now the Wall Street behemoth is preparing to open its first retail office there along with four others in Greater Portland by 2022.
“We’ll be watching to make sure they don’t have broader plans than that,” says Simard. 
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Chase Bank will start its Maine expansion with a downtown Portland branch. ....

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Mainers applying for round of paycheck protection loans


Mainers applying for round of paycheck protection loans
© WMTW
File photo of a stimulus check
https://www.federalpay.org/pay.Thousands of Maine businesses have begun applying for the newest round of the Paycheck Protection Program.
Applications for a new round of the federally-backed loans opened this month, allowing most borrowers to receive up to $2 million. Sign up for our Newsletters
The program was first introduced last year early in the coronavirus pandemic to incentivize small businesses to keep workers on the payroll. According to FerderalPay.org, more than 28,000 Maine businesses and nonprofits received funding through the program.
Businesses with 300 or fewer employees who reported at least a 25% revenue loss last year are eligible for the loans. ....

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SeniorsPlus announces online classes


Location: Zoom
Banking used to be simple. You would walk into a bank, withdraw or deposit money, and be on your way. But with changing times, comes new ways to do your banking. For better or worse, banking has evolved and we want to make sure you know all of your options. Join Kendra as she reviews the following and more!
1. What to look for in a bank in 2021
2. How can you protect yourself and loved ones while banking online.
3. Did you accidently share your banking accounts numbers? What now?
Introduce Your Pet(s) – A Social Hour!
Date: Wednesday, February 10 ....

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