| Public (NASDAQ: NBN)|
| Robert Glauber,|
| Banking and Investments|
14 Locations (10 branches and 4 investment centers)
Maine, Massachusetts, New Hampshire
Lewiston, Maine, United States
ASI Data Services Inc, Northeast Bank, Loan Acquisition & Servicing Group, Northeast Savings Bank F.S.B.
Northeast Bancorp is a Maine-based financial services company serving Maine, USA and is the parent company to its wholly owned subsidiary, Northeast Bank, a state-chartered financial institution. Headquartered in Lewiston, Maine USA, Northeast Bancorp is the 9th largest Maine-based public company. The company has $595 million in assets, employs over 200 people and operates 10 branches and 4 investment centers.
Northeast Bancorp was formed from the merger of Bethel Savings Bank and Brunswick Federal Savings in 1996.
Northeast Bank Wikipedia
Northeast Bank offers banking, financial planning, and wealth management services. The company embraces a consultative or "needs-based" sales philosophy requiring that all employees learn about its customers and only offer objective financial advice in accordance with the individual customers' financial situations.
Northeast Bank is the banking arm of Northeast Bancorp, operating from branches throughout the state of Maine.
Retail banking products include checking, savings, money market and other deposit accounts; as well as mortgage, equity and personal loans.
Commercial banking products include checking, savings, and other deposit products; as well as construction 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.
Northeast Bank has offices in the following communities:
Auburn, Augusta, Bethel, Brunswick, Buckfield, Harrison, Lewiston, Poland, Portland, South Paris.
As of June 30, 2008, Northeast generated approximately 43% of its revenue from the nontraditional noninterest sources. In addition, Northeast Bank was rated 10th in the nation by Michael White & Associates for insurance revenues as a percentage of noninterest income.
Northeast Bank Insurance Group acquired 7 independent agencies from November 2006 through June 2008.First Maine savings bank to receive a trust charter in 1983.
First savings bank holding company in Maine to own and operate an insurance company in 2002.
First Maine bank to offer health savings accounts in 2004.
First State Chartered Bank in Maine to convert to Federal Charter in 1983.
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
First New England Benefits, purchased in 1993—formed employee benefits division
Kendall Insurance Agency (purchased in 2002)
Solon-Anson Insurance agency (purchased in 2004)
Palmer Insurance Agency; Sturtevant & Ham Insurance Agency (all purchased in 2006)
Southern Maine Insurance Agency; Hartford Agency; Russell Agency; Spence & Mathews Agency; Hyler Agency (all purchased in 2007)