Northeast Bank is a Maine-based full-service financial institution. Their National Lending group ("National Lending") purchases and originates commercial loans on a nationwide basis while the Community Banking group ("Community Banking") offers personal and business banking services within Maine via nine branches. Additionally, ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.
 | |
| Company type | Public |
|---|---|
| Nasdaq: NBN Russell 2000 Component | |
| Industry | Banking and Investments |
| Founded | Bethel, Maine, U.S. (1872) |
| Headquarters | , |
Number of locations | 12 Locations [1] |
Area served | Maine, Massachusetts, New Hampshire |
Key people | Richard Wayne, CEO, Matthew Botein, Chairman,[2] |
| Products | Financial services |
| Services | Financial services |
| Total assets | US $2,174,402 on 6-30-2021[3] |
Number of employees | 188 |
| Website | www.northeastbank.com |
Northeast Bancorp was formed from the merger of Bethel Savings Bank and Brunswick Federal Savings in 1996.[4]
Lines of Business
editNortheast Bank offers traditional personal and business banking services as well as the purchase and origination of commercial loans nationally.
National Lending
editNortheast Bank originates and acquires commercial real estate loans on a nationwide basis. Business lines include: bridge lending, private lender finance, and secondary market loan acquisitions.[5]
Community Banking
editThrough the Community Banking group, Northeast Bank offers personal banking products such as checking, savings, money market and other deposit accounts; as well as credit card accounts, residential mortgages, and personal loans.[6] Northeast Bank also offers business banking products such as savings and deposit accounts, cash management products, business credit cards, and small business loans.[7]
Online banking services are offered to both retail and commercial clients.
History
editNortheast Bank Predecessors
edit- 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
edit- ^ "Locations (About) | Northeast Bank".
- ^ "Board of Directors | Northeast Bank".
- ^ https://investor.northeastbank.com/node/14026/pdf [bare URL PDF]
- ^ Northeast Bank History; http://www.northeastbank.com/About/documents/TimelineApril08.pdf timeline
- ^ National Lending; https://www.northeastbank.com/national-lending
- ^ Personal Banking;https://www.northeastbank.com/personal-banking
- ^ Business Banking;https://www.northeastbank.com/business-banking