As a business leader, you have focus, passion, and above all, resilience. You need to take risks and adapt to changes on the fly. Setbacks and mistakes happen but you turn them into opportunities and keep moving forward. We want to play our part in supporting your resilience – providing practical advice that can help you move forward and keep your eyes on the prize.
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Leadership
Androscoggin Bank Appoints Five New Corporators
We are pleased to announce that we’ve appointed five new Corporators at our 2023 Annual Meeting, which took place on April 25th. As active leaders in their communities and areas of expertise, they bring valuable perspectives to our economic and community initiatives.
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Leadership
Androscoggin Bank Welcomes Two New Members to Board of Directors
We are pleased to announce we've added Kierston Van Soest and Cheryl Bascomb to our Board of Directors. Both women are active leaders in their businesses and communities, and they bring valuable perspectives to the Bank’s economic and community initiatives. They will join the Bank’s Team of Directors and business executives who guide the vision and trajectory of Androscoggin Bank’s business banking model.
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Leadership
How does a B Corp do better for People & Planet?
We’re now one of only nine banks in the U.S. to become a Certified B Corporation™. That means we’ll continue to use profit to power our purpose, rather than serving as the purpose itself.
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Leadership
Androscoggin Bank Appoints Nine New Corporators in 2021
Androscoggin Bank appoints nine new Corporators at its 2021 Annual Meeting. As active leaders in their communities and areas of expertise, they bring valuable perspectives to the Bank’s economic and community initiatives. The new Corporators are Kate Adams, Renee Bernier, Todd Gagne, Lori Gile, Rebecca Hatfield, Jim Henry, Reza Jalali, Gael Karomba and Richard Veilleux.
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Cash Flow
Cash Flow Basics: Understanding Financial Statements
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Cash Flow
6 Simple Actions for Streamlining Payables
For those who aren’t natural number crunchers, bookkeeping can feel like a chore—particularly when it comes to dealing with money you owe other businesses.
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Cash Flow
How to Identify Fixed and Variable Costs to Unlock Cash Flow Solutions in a Crisis
Understanding the differences between your business fixed costs versus variable costs is key to identifying opportunities to unlock cash flow, particularly during lean times or times of crisis.
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Cash Flow
Weathering the Pandemic: 5 Ways to Collect Accounts Receivables Faster to Free Up Cash Flow
To help prevent your business from ending up in a cash crunch during tough times, here are five steps you can take to collect your accounts receivable faster.
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Succession Planning
Which Type of Buy-Sell Agreement is Right for Me?
The size of your company will affect your choices in setting up your specific form of buy-sell agreement and may cause one form to be more appropriate than another.
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Succession Planning
What is a Business Buy Sell Agreement and How Can it Benefit my Business?
One tool used in business succession planning is the buy-sell agreement. A properly designed buy-sell agreement can allow you to keep control of your business until retirement, disability, death or other specified event.
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Succession Planning
Determining the Value of Your Business
Business valuation plays a critical role in determining gift and estate tax liability and/or the appropriate selling price for an interest. Because valuing a business is so important, you should be very careful when selecting an appraiser.
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Succession Planning
How to Choose the Best Succession Plan for Your Small Business
When developing a succession plan for your small business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest to family members, co-owners, employees, or an outside party?
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Leadership
Putting Values First: What it Means to be a Values-Based Leader
Values-based leaders articulate their values clearly and consistently, both inside and outside of the company, and they use those values to build relationships and guide important decisions.
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Leadership
How Meditation in the Workplace Unlocks Greater Productivity
Studies show that implementing meditation at work can be good for personal productivity and organizational culture. Ultimately, it may even boost your business’ bottom line.
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Leadership
How to Get Certified as a Minority-Owned Business
Running a small business is a challenge no matter who you are, but minority business owners may face specific hurdles. Fortunately, minority business owners can take advantage of certifications that provide access to contracts, mentors, funding and more.
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