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V O L . X X X I I N O. I I I F E B R UA R Y 9 , 2 0 2 6 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Thomas College in Waterville an- nounced a partnership with Gould Academy in Bethel to extend dis- counted professional and graduate education offerings to more than 120 employees. The Maine Arts Commission in Augusta awarded a total of $308,750 in FY2026 Organization Operations Grants to 61 nonprofit arts organizations statewide. Island Housing Trust reached its $3.05 million fundraising goal to build nine units of median- income housing in the Hancock County town of Mount Desert. The money is for the third phase of the trust's Ripples Hill neighborhood in the Mount Desert village of Somesville. The homes are desig- nated for nine year-round families who live, work and attend school on Mount Desert Island. Capital Area Staffing Solutions and Bangor Area Staffing Solutions announced that co-founder Cathy DeMerchant assumed full owner- ship of both firms. DeMerchant now serves as president and owner. R Cubed Engineering LLC, an en- gineering firm in Palmetto, Fla., an- nounced the opening of an innova- tion division in Bangor. Katahdin Bankshares Corp., the par- ent company of Katahdin Trust Co. in Houlton, announced 2025 fourth- quarter earnings of $3.14 million, or 99 cents per common share. The results represent an increase of $476,000 over the previous quar- ter and a $1.4 million increase over the fourth quarter of 2024. The net income for the full year of 2025 was $10.7 million and total assets reached $1.12 billion. woodhullmaine.com GEHRING HOUSE BETHEL, MAINE Building Maine's Future Complex development projects demand clear vision, careful coordination, and experienced counsel. Using a collaborative, multidisciplinary approach to guide projects from concept through closing, Peter Klein Peter Klein, Ted Kelleher Ted Kelleher, Lisa Lisa Whitt Whitt, Laura Hartz Laura Hartz, Lynn Donohue Lynn Donohue, and Christopher Hatch Christopher Hatch bring decades of experience advising developers, owners, contractors, investors, and lenders on sophisticated real estate and community development projects, including: • Mixed-use retail and office developments • Hospitality and condominium projects • Affordable and workforce housing • Public-private partnerships • Complex financing, including Low Income Housing Tax Credits, Historic and New Markets Tax Credits, and tax- exempt bonds LEARN MORE about what our Real Estate Team can do for you. dwmlaw.com | 800.727.1941 N O T E W O R T H Y M I D C O A S T & D O W N E A S T M I D C O A S T & D O W N E A S T N O T E W O R T H Y N O R T H E R N & E A S T E R N N O R T H E R N & E A S T E R N