Issue link: https://nebusinessmedia.uberflip.com/i/1534467
W W W. M A I N E B I Z . B I Z 17 A P R I L 2 1 , 2 0 2 5 F O C U S B A N K I N G / F I N A N C E / I N S U R A N C E e Northway acquisition expands the market, leverages technology investments at a greater scale and provides convenience for Maine customers with New Hampshire connections, says Simon Griffiths, presi- dent and CEO of Camden National. "Camden National and Northway share a similar culture, consistent credit and risk profiles, and deep commitment to the communities we serve," Griffiths has said. "is union will increase our size and scale, and bolster our presence in New Hampshire, which we believe will drive profitability and shareholder value." Supporting commercial customers Machias Savings Bank is making its first foray into New Hampshire with plans to open a branch in an existing building at Manchester's City Hall Plaza, adding to its 15 Maine-based branches from Portland to Caribou. e bank expects to staff the location with six to eight full-time employees. It's Machias Savings' first location outside of Maine. "Formally it's a branch. But based on the loca- tion and the bank's existing relationships in New Hampshire, we anticipate servicing mostly business customers in that region," says Jay Hood, Machias Savings' chief lending officer. e center is on the seventh floor of a large com- mercial building in downtown Manchester and, as such, looks different from a traditional retail branch. e branch received regulatory approval by the FDIC on April 3. e target opening date is June 1. Learn about Efficiency Maine's Small Business Initiative and competitive financing at efficiencymaine.com/small-business-energy-loans. Small Business Loans for Energy Upgrades Reduce up-front costs with Efficiency Maine Green Bank financing. The Efficiency Maine Green Bank offers financing for eligible small business owners upgrading to high-performance heat pumps and variable refrigerant flow (VRF) systems. Efficiency upgrades can lower your operating costs and improve comfort and system reliability for your business. C O N T I N U E D O N F O L L OW I N G PA G E ยป P H O T O / C O U R T E S Y O F C A M D E N N AT I O N A L B A N K Simon Griffiths of Camden National Corp.