Bank of America Charitable Foundation Grants MaineStream Finance $10,000 Helping Businesses in Waldo County

By Renae Muscatell | Sep 19, 2017
Photos by: Janeen Feero From left to right:  Matthew Lewis, Portfolio and Business Services Manager, MaineStream Finance; Thomas Cattell, Managing Director, US Trust, Bank of America Private Wealth Management; Kara Hay, President, MaineStream Finance; and Denise St. Peter, Development Manager, MaineStream Finance

Rockland, ME.- MaineStream Finance is pleased to announce it has received a $10,000 grant from Bank of America Charitable Foundation. MaineStream Finance, a community development financial institution and a subsidiary of Penquis, is dedicated to economic development, providing credit, capital and financial services. Its home and small business loans, matched savings accounts, business advising, and financial education services assist people in Maine who might otherwise have limited access to financing and credit.

The grant will allow MaineStream Finance to provide business education and one-on-one advising services to entrepreneurs and existing businesses in Waldo County. “In addition to directly supporting business services, the grant helps us to leverage additional federal dollars to support entrepreneurship in Waldo County,” said Denise St. Peter, development manager for MaineStream Finance. “Bank of America’s investment will strengthen and grow Waldo County businesses, supporting job creation and the local economy.”

 “At Bank of America, we believe that small businesses are the backbone of our economy,” said Maine Market President Bill Williamson. “That is why we are proud to support MaineStream Finance in their mission to provide human and financial capital to entrepreneurs and small business owners across the state.”

For more information about MaineStream Finance, visit www.mainestreamfinance.org. To learn more about services available to Waldo County businesses, contact Ken Greenleaf, business advisor for MaineStream Finance, at 974-2437 or kgreenleaf@penquis.org.    

The mission of the Bank of America Charitable Foundation is to make a meaningful difference in the communities it serves by identifying local priorities and consistently delivering financial and human resources to address those challenges in order to build Neighborhood Excellence. For more information on Bank of America’s philanthropy, visit bankofamerica.com/foundation.

 

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