Mainebiz

V O L . X X I I I N O. V I I A P R I L 3 , 2 0 1 7 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 County, we realized a pretty signifi cant amount of our business was coming not just from the Portland area, but from Portland itself," said CEO Kevin P. Savage. Saco & Biddeford Savings Institution has seven branch offi ces and a Saco customer-care call center. It had $878.4 million in assets at the end of 2016. It has more than 150 employ- ees, plus 30 at an insurance subsidiary, Paquin & Carroll Insurance. Elsewhere in Portland, Machias Savings Bank opened a branch at 193 Middle St. and Gorham Savings Bank is getting ready to open its new site in the Grand Trunk building at 1 India St. in Portland. Deal for Scarborough Downs reached A group of investors led by a Massachu- setts developer has signed an agreement to purchase Scarborough Downs. e Portland Press Herald reported that Cohasset, Mass., developer om Pow- ers is leading a group of investors from the Boston area and Maine interested in redeveloping the property for residential, commercial and recreational uses. Pow- ers told the paper he'd like to keep the racetrack operating if he can make the numbers work. He formed Scarborough Downs Development LLC in Maine in January and signed the purchase agree- ment on March 1. Scarborough Downs, which opened in 1950, had been on the market since last fall, with an asking price of $7.5 million for the 483-acre facility. N O T E W O R T H Y S O U T H E R N Portland Opera Repertory Theater, com- monly known as PORTopera, changed its name to Opera Maine. Additionally, the organization's Young Artist program, launched in 1996 as an educational en- deavor to help the careers of emerging young singers, has been renamed the Studio Artist Program. Systems Engineering, an IT strategy integrator and managed IT services provider in Portland, launched SE PolicyAdvisor, a service-based solution that helps businesses to prioritize and create effective security policies and business continuity plans. The Northern Softwood Lumber Bureau merged into the Northeastern Lumber Manufacturers Association in Cumberland. The merger marks the fi rst time two grade-rules-writing agencies have merged in North America; there are now six grade-rules-writing agencies. U.S. Sens. Susan Collins and Angus King announced that the Maine Educational Center For the Deaf Building Maine's Future In project development, you have a lot to keep your eye on. Sometimes it's hard to see the opportunities and the risks clearly. That's where Drummond Woodsum attorneys Ron Ward, John Kaminski, Rick Shinay, Gary Vogel, Ted Kelleher and Lisa Magnacca can help. We use a team approach to bring the most complex development projects to closing in Maine. We provide cost-effective and experienced representation to owners, contractors, investors and lenders in connection with mixed use retail and office, hospitality, condominium or affordable housing and historic tax credit projects. We practice law differently. Since 1965. dwmlaw.com | 800.727.1941 Seven Locations in Maine / 207.989.4824 / ces-maine.com / Engineers w Environmental Scientists Environmental Scientists w Surveyors CES, Inc. welcomes four new shareholders strengthening the company and sustaining our growth. Pete, Dennis, Sean and Chris are committed to accomplishing our mission of providing exceptional service and SENSIBLE SOLUTIONS that achieve the goals of our clients, our employees, and the communities we serve. Learn more about how experienced professionals can help you meet your project needs by giving us a call. Clockwise from top left: Pete Tuell, PE; Dennis Kingman, CHMM; Chris Snowdeal, PE; Sean Thies, PE

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