Mainebiz

V O L . X X I V N O. X I I J U N E 1 1 , 2 0 1 8 12 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 first runner-up was Scott Nash and Alan Nash-Pelletier of Orchids res- taurant in Madawaska and the second runner-up was Michelle Hersey of County Environmental Engineering in Caribou. Hanson received a plaque and $1,000 award. Nash and Nash- Pelletier received a $500 check and Hersey received $250. Organic potato farmers file for bankruptcy e former owners of the organic potato farm Wood Prairie Family Farm in Bridgewater have filed for Chapter 7 bankruptcy protection. Jim Gerritsen told the Bangor Daily News the filing was precipitated by crop losses due to wet conditions in 2011 and 2013. Gerritsen and his wife, Megan, sold the farm to their son Caleb Gerritsen in 2016. ey listed more than $460,000 in debt, accord- ing to the BDN. In December 2017, Wood Prairie Family Farm won a 2018 "Green umb Award" for a potato variety called e Organic Potato Plant Detective, named one of the two best new edible plant introductions by the Direct Gardening Association in LaGrange, Ga. Wood Prairie Family Farm started in the 1970s. 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 CES Inc., a firm of engineers, environ- mental scientists and land surveyors in Brewer, announced a $100,000 cor- porate challenge gift to raise money for the Good Shepherd Food Bank's Food For All: A Campaign to Nourish Maine. The firm pledged to match all gifts to the campaign from Maine businesses until Dec. 31, 2018, up to $100,000. Katahdin Bankshares Corp., parent company of Katahdin Trust Co. in Houlton, announced that it has de- clared a cash dividend of $0.1075 per share for the second quarter of 2018, representing a 7.5% increase over last year's second quarter dividend. The dividend will be payable on June 22 to all shareholders of record as of June 15, 2018. In addition, the company declared a cash dividend on its pre- ferred stock Series D of $54.6875 per share for the second quarter of 2018, payable on July 15 to shareholders of record as of July 5, 2018. The Moosehead Marine Museum in Greenville received a $10,000 grant from the Piscataquis Fund of the Maine Community Foundation to implement educational activities. We live and work here, so we understand the unique needs of our community and your business. We take the time to get to know you because building relationships is a key to success. That's why so many of our business clients also consider us their friends. If you're looking for a dedicated banker who genuinely cares about your fi nancial well-being, we should talk. We're in the business of helping local businesses succeed. AUBURN • BRUNSWICK • LEWISTON • WINDHAM 207.786.5700 or Toll-Free 1.800.325.7553 MechanicsSavings.com Commercial Lending + Cash Management Team: Left to Right: Kristina Cote, Ray Teixeira, JoAnne Campbell, Jeffrey Gosselin, Justin Laverriere, Ed Powell and Pamela Reynolds. Entrepreneurship and Innovation are Deeply Rooted in the Maine Economy When starting a business, 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 Michael High, Aaron Pratt, Gary Vogel and Lisa Magnacca can help. We provide expertise in all phases of your business, from formation and nancing to strategic relationships and business combinations. It's important for start-ups and young companies to get the legal insight they need, so that they can focus on growing their business. We offer practical, business-focused advice and have shepherded many companies from formation through ultimate sale and liquidity for founders. We practice law differently. Since 1965. dwmlaw.com | 800.727.1941

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