Portland, Maine, September 16, 2026 -- Northeast Bank (the “Bank”) is pleased to announce Blake Groves has joined the Bank as Vice President, Commercial Deposit Relationship Manager, based in the Bank’s Boston office. In this role, Groves will focus on developing and managing deposit relationships with current and prospective commercial real estate borrowers across the country.

Groves brings more than 10 years of experience in relationship management and business development across banking and wealth management. Most recently, he served as Client Experience Coordinator at New Harbor Financial Group. Prior to that, he was Vice President, Private Client Relationship Manager at JPMorgan Chase in Boston, where he managed client relationships across banking, lending, and investment services. His background also includes business development, client acquisition, and working with financial professionals to address clients’ broader financial needs.

As Vice President, Commercial Deposit Relationship Manager, Groves will work closely with commercial real estate owners, operators, and investors to provide deposit and treasury management services that support their operating needs. His role will also support the Bank’s efforts to deepen relationships with commercial real estate clients by connecting deposit and treasury services with existing and prospective lending relationships.

“We are excited to welcome Blake to Northeast Bank. His experience building strong relationships and understanding the needs of commercial customers makes him an excellent addition to our team,” said Matthew Colpitts, SVP, Director of Treasury Management Services. “Blake will play an important role in expanding our deposit and treasury management relationships with commercial real estate customers, complementing the lending relationships we have built across the country. His experience and relationship-focused approach will be valuable as we continue to grow this area of our business.”

About Northeast Bank

Northeast Bank (NASDAQ: NBN) is headquartered in Portland, Maine and operates as both a national lender and a community bank. The Bank’s National Lending Division originates and purchases commercial real estate loans across the country. This division specializes in complex credit structures and secondary market loan acquisitions, providing tailored financing solutions to a diverse national clientele. In addition, this division includes the Bank’s Small Business segment that serves as a nationwide Small Business Administration Preferred Lender, offering government-guaranteed loans. On a regional and national level, Northeast Bank provides a comprehensive suite of depository products and cash management and treasury services through a network of seven banking centers in Maine alongside the Bank’s digital banking division, ableBanking.

For more information, please visit www.northeastbank.com.