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
Public
Traded asNASDAQ: 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.

Communities Served

Northeast Bank has offices in the following communities:

In Maine

Auburn, Augusta, Bethel, Brunswick, Buckfield, Harrison, Lewiston, Poland, Portland, South Paris.

In New Hampshire

Hampton

In Massachusetts

Boston

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
gollark: It is apparently blocked as over-18 content, which makes a slight bit of sense because it could let you access some indirectly, but seriously why.
gollark: The wikipedia page for `The Underground History of American Education` seems to have archive.org links to some stuff, but naturally my mobile network blocks archive.org because that makes sense and is an entirely reasonable thing to do.
gollark: I've heard it said that it works more to teach conformity, or make people happier with low level abuse.
gollark: "What, you can just *look up* that information in ten seconds? Nope! Not allowed! Let us never speak of such things."
gollark: Or forcing people to memorize useless information they will never need so that they can remember it for long enough to write down the right bits in an exam so that someone can say that they Know™ this subject... oh wait.

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
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.