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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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Newsworthy people and performances for Jan. 25, 2021


Northern Light Mercy Orthopedics in Falmouth. The hospital also hired
George Tuchsen as a general surgeon at
Northern Light Mercy Surgery.
Chase Custom Homes & Finance in Westbrook hired
Amanda Murray as marketing manager. Murray was previously with Townsquare Media in Portland.
RE/MAX Shoreline hired
Reilly Kons as an agent in Portland. Kons is also the founder of SubLocal, a startup that helps small businesses in Maine get predictable, recurring, upfront revenue.
HeadInvest LLC, a registered investment advisor in Portland, hired
Corey Buzzell as senior vice president/wealth advisor.
Good Shepherd Food Bank in Auburn hired
George Fox as assistant vice president of supply chain, ....

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Not All Maine Businesses Eligible for PPP Loans Round Two by January 11


HEADLINES & GLOBAL NEWS
By  
Jan 12, 2021 09:55 AM EST
 Those needing PPP loans round two will not include Maine businesses, unfortunate. Many companies have been struck by the lockdowns that these loans are vital for these businesses to keep afloat.
 Businesses in Portland, Maine, like other states in the country, should be able to apply for another road of
 federal Paycheck Protection Program loans.
 In 2020, Maine s commercial establishments got more than$2.2 billion in federal funds received last year. The COVID-19 pandemic has affected Maine and other places in the US. Worrying business owners how to stay in operation reported News Center, Maine. ....

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