Northeast Bank

Northeast Bancorp is the holding company for Northeast Bank, a full-service bank headquartered in Lewiston, Maine. They offer personal and business banking services to the Maine and New Hampshire markets via ten branches and two loan production offices. Their Loan Acquisition and Servicing Group ("LASG") purchases and originates commercial loans on a nationwide basis and the SBA Division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.

Northeast Bancorp
TypePublic
NASDAQ: NBN
Russell 2000 Component
IndustryBanking and Investments
FoundedBethel, Maine, U.S. (1872 (1872))
Headquarters
Lewiston, Maine
,
U.S.
Number of locations
12 Locations (10 branches and 2 loan production offices)[1]
Area served
Maine, Massachusetts, New Hampshire
Key people
Richard Wayne,[2] Robert Glauber,[2]
ProductsFinancial Services
ServicesFinancial Services
Total assetsUS $1,100,000,000 on 7-27-2017[3]
Number of employees
188
Websitewww.northeastbank.com

Northeast Bancorp was formed from the merger of Bethel Savings Bank and Brunswick Federal Savings in 1996.[4]

Lines of Business

Northeast Bank offers traditional personal and business banking services as well as the purchase and origination of commercial loans nationally.

Banking

Northeast Bank is the banking arm of Northeast Bancorp, operating from ten branches throughout the state of Maine.

Retail banking products include checking, savings, money market and other deposit accounts; as well as mortgage, and personal loans.

Commercial banking products include checking, savings, and other deposit products; as well as real estate loans, lines of credit and other loan products. Northeast Bank is an SBA Preferred Lender.

Online banking services are offered to both retail and commercial clients.

History

Northeast Bank Predecessors


  • Bethel Savings Bank, opened in 1872
  • Bethel Bancorp created in 1987
  • Brunswick Federal Savings Purchased in 1990
  • Cushnoc Bank and Trust of Augusta Purchased in 1997

References
  1. https://www.northeastbank.com/locations
  2. https://www.northeastbank.com/board-directors
  3. https://investor.northeastbank.com/releasedetail.cfm?ReleaseID=1034845
  4. Northeast Bank History; http://www.northeastbank.com/About/documents/TimelineApril08.pdf timeline
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