Summary
Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Further, it provides various services, such as money market, merchant, and payroll and HR. As of June 30, 2022, the company operated a network of seven branches in Maine. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.
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
Mission
Northeast Bank strives to serve, strengthen and grow our communities. Our goal is to provide outstanding customer service and develop lasting relationships with our customers and to sustain a sound financial institution through solid performance and prudent management.
Vision
To be the best community bank in Maine and the leader in services and solutions for our customers.
Key Team
Mr. Jean-Pierre L. Lapointe CPA (Sr. VP, CFO & Treasurer)
Ms. Heidi Jacques (Sr. VP & Director of HR)
Mr. Brian Fenwick (Managing Director of Loan Underwriting)
Ms. Theresa Morrison (Managing Director of Real Estate)
Mr. Christopher P. Hickey (Managing Director of Asset Management)
Mr. Chris Delamater (Sr. VP & Director of Customer Experience)
Ms. Sarah Shomphe (Sr. VP, Director of Owned Real Estate & Underwriting Mang.)
Recognition and Awards
Northeast Bank has been recognized for its excellence in the banking industry and has received numerous awards for its commitment to customers, employees and community. In 2019, Northeast Bank was designated as a Best Practices Firm for the 8th consecutive year, one of only 15 banks nationwide to receive this prestigious recognition.
References