Mainebiz

W W W. M A I N E B I Z . B I Z 9 A P R I L 5 , 2 0 2 1 communities where Ocean State Job Lot stores are located across the Northeast, including seven in Maine. U.S. Sens. Susan Collins and Angus King announced that the Maine Department of Health and Human Services was awarded a total of $9.8 million to support mental health and substance use programs throughout the state. The funding was awarded through the Substance Abuse and Mental Health Services Administration and allocated through the December COVID-19 relief package. Sea Bags opens new flagship store in Portland Betting big on a strong 2021 summer tourism season, retailer Sea Bags is getting ready to open a larger flagship store this spring on Commercial Street in Portland, around the corner from an existing branch. e designer and manufacturer of bags, totes and other accessories made from recycled sails will lay anchor in 2,500 square feet of leased space at 123 Commercial St., opening in May. e space was previously occu- pied by Company C, a rug and home furnishings retailer. Don Oakes, CEO of Sea Bags, told Mainebiz that the company will keep its original location at 25 Custom House Wharf nearby as a store, using the location to sell discon- tinued styles and discounted samples. at's also where most of Sea Bags pro- duction is done, with the rest in South Portland. Sea Bags opened more than a dozen stores in 2020 alone. Portland-based wealth management firm acquired Atlantic Trust LLC, a four-decade- old wealth management firm in Portland, may soon be acquired by an Ohio investment advisory company. Clearstead Advisors LLC, based in Cleveland, would purchase Atlantic Trust and combine it with a Maine- based arm, according to a regulatory filing. e pending deal requires state approval, but was confirmed Tuesday by the Maine subsidiary's president and CEO, William Hall.Hall did not disclose terms, but said that if approved, the transaction could be complete as soon as June. Clearstead would retain Atlantic's current staff of six, and the Portland business would continue to use Member FDIC At NBT Bank, our goal is to help you reach yours. Our relationship managers have the expert guidance, capital and cash management solutions it takes to help grow your business. Our local perspective builds strong partnerships that maximize your potential for success. Let our experienced commercial banking team create real opportunity for your business. Partnering with Maine's future. One business at a time. Kimberly Twitchell, SVP Maine Regional President Jeremy Deering, SVP Senior Commercial Banking Relationship Manager Mark Schaub, VP Commercial Banking Relationship Manager Amy Taylor, VP Cash Management Sales Officer Connect today: Wayne Morphew Senior Business Banking Officer 207-808-4485 | www.nbtbank.com Maine Regional Headquarters 5 Widgery Wharf, 3rd Floor Portland, ME 04101 S O U T H E R N

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