Mainebiz

V O L . X X V I I I N O. X X V I I I N OV E M B E R 2 8 , 2 0 2 2 4 A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder PUBLISHER Peter Stanton ASSOCIATE PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen DIGITAL EDITOR Ann Fisher SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY EMERITUS Zoey SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen C O N T E N T S Money talks From pitch contest wins to specialized grants, how some Maine startups are becoming fundraising stars 10 16 Spiking interest rates Post-mortgage boom, banks find other growth opportunities 22 Personnel moves highlight relationships A roundup of new hires and promotions in Maine's banking industry B A N K I N G / F I N A N C E / I N S U R A N C E F O C U S I N D U S T R Y T H U M B N A I L O N PA G E 9 » 1-833-762-0313 mainecb.com The relationship I have with my banker is built on trust. There are no surprises. I know my bank is in my corner. JUSTIN ZANDAN GELINAS HVAC SERVICES, SCARBOROUGH We know how hard you work. Let us work hard for you. " The relationship " The relationship The relationship " corner. " corner. corner. Eliah Thanhauser, co-founder and CEO of mushroom startup North Spore, is a Maine business pitch-contest veteran, who likens pitch-offs to performing a song. P H O T O / T I M G R E E N WAY P H O T O / C O U R T E S Y O F P R A P E L A P H O T O / F R E D F I E L D Laura Johnson is director of mortgage and consumer lending. Prapela is a med tech startup that has raised $4.6 million. 16 10 10

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