The FAME Board has approved $85 million in bond financing to help finance GO Lab, Inc., a start-up company at the former Madison paper mill in Somerset County. The project is expected to create approximately 114 well-paying jobs in Somerset County.
FAME Chief Executive Officer Bruce Wagner recently announced his intention to retire on February 5, 2021. He will be replaced on an interim basis by FAME’s Chief Risk Officer, Carlos Mello.
At its monthly meeting on December 17, the board of directors of FAME approved up to $1.9 million in loan insurance and a $1 million direct loan to help support increased access to broadband in the cities of Belfast and South Portland.
Awards Bestowed Virtually in Lieu of Annual Dinner Celebration