Products Financial Services Number of employees 204 | Key people Robert Glauber, Founded 1872 Parent organization Northeast Bancorp | |
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Industry Banking and Investments Number of locations 14 Locations (10 branches and 4 investment centers) Headquarters Lewiston, Maine, United States Subsidiaries ASI Data Services Inc, Northeast Bank, Loan Acquisition & Servicing Group, Northeast Savings Bank F.S.B. Profiles | ||
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.
Contents
- Lines of Business
- Banking
- Communities Served
- In Maine
- In New Hampshire
- In Massachusetts
- Diversification Philosophy
- Notable Firsts
- Northeast Bank Predecessors
- Northeast Financial Predecessors
- Northeast Bank Insurance Group Inc Predecessors
- References
Northeast Bancorp was formed from the merger of Bethel Savings Bank and Brunswick Federal Savings in 1996.
Lines of Business
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.
Banking
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.
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
North Hampton
In Massachusetts
Boston
Diversification Philosophy
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.