Mainebiz

W W W. M A I N E B I Z . B I Z 9 A U G U S T 1 9 , 2 0 1 9 with the developer. e project was scheduled to go before the city coun- cil for a public hearing and approval of a tax increment financing district. e developers plan 132 market-rate and workforce apartments in the for- mer mill buildings at 6 and 8 Water St. North River bought the long- vacant 182,000-square-foot mill and smaller connected building in June for $1.5 million. e planning board unanimously approved the site plan. L/A mill buyer envisions mixed use e buyer of a massive former mill in Lewiston envisions a mixed-use project of residential, retail, light industrial, commercial and office tenants. Eric Chinburg, president of Chinburg Properties in Newmarket, N.H., bought the Continental Mill, at 2 Cedar St. on Riverfront Island, from Roy Continental Mill LLC for $715,000. e 560,000-square-foot former mill is on 7 acres. Chinburg is an experienced developer of historic mills in Maine, New Hampshire and Massachusetts. N O T E W O R T H Y C E N T R A L & W E S T E R N Northeast Bank in Lewiston reported a net loss of $603,000 or 7 cents per diluted common share, for the quarter ended June 30, 2019, com- pared to net income of $4.3 million, or 48 cents, for the quarter ended June 30, 2018. Net income for the year ended June 30 was $13.9 mil- lion, or $1.52 per diluted common share, compared to $16.2 million, or $1.77 per diluted common share, for the year ended June 30, 2018. The current quarter and year-end results included $6.0 million and $6.4 mil- lion, respectively, of non-recurring expenses (after tax) related to the bank's recently completed corpo- rate reorganization. Excluding these non-recurring expenses, the bank recorded net operating earnings (non- GAAP) of $5.4 million, or 59 cents per diluted common share, for the quarter ended June 30 and $20.3 million, or $2.20, for the year ended June 30. Payroll Management Inc., an indepen- dent family-owned payroll service firm, opened new corporate offices at 550 Center St. in Auburn. Spineology Chiropractic opened at 388 Lakewood Road in Madison. STRAIGHT TALK BANKING SHOOT STRAIGHT. NO NONSENSE. This is how I bank. This is where I bank. 800.303.9511 Skowhegan.com Shari Hamilton – Hello Good Pie BANK SKOWHEGAN Sensible Solutions 207.989.4824 www.cesincusa.com Make sure all the pieces stack up. At CES we believe that quality service, responsiveness, and expertise are key to developing success. One size does not fit all. CES has been providing tailored solutions by listening carefully to and partnering with our clients since 1978.

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