Portland, Maine, September 26, 2023 – Northeast Bank (NASDAQ: NBN) has been named to the Piper Sandler Sm-All Stars Class of 2023, a list of 31 top-performing small-cap banks and thrifts in the country.

The recognition was a first for Northeast Bank – the only Maine bank on this year’s list.

To earn Sm-All Star status, financial institutions must have a market cap under $2.5 billion and outperform industry medians related to growth, profitability, credit quality and capital strength. In this year’s analysis Piper Sandler reviewed 346 banks and thrifts trading on a major exchange and named 31 to its Sm-All Star Class.

“Being named to the Sm-All Stars Class of 2023 reflects the successful execution of our business strategy by our exceptional team committed to delivering excellent results. I am proud of all our team has accomplished,” said Rick Wayne, President and CEO or Northeast Bank.

About Northeast Bank
Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine, that originates and acquires commercial real estate loans throughout the country; provides a broad range of depository products and services to consumers, small businesses, corporations, governments, and non-profits; and offers online savings products to consumers nationally through ableBanking, a division of Northeast Bank. Information regarding Northeast Bank can be found at www.northeastbank.com. Member FDIC.