Northeast Bank Hires National Sales Manager for SBA Lending Division

Lewiston, ME
Wednesday, May 4, 2016

Northeast Bank announced today that George Andreaus has joined its Small Business Administration (“SBA”) Lending Division as National Sales Manager. He will report to Jonathan Smith, SVP, Director of SBA Lending, and oversee the current SBA sales team, as well as its expansion into key markets across the country.

“We are excited George has joined the SBA team to support our existing Business Development Officers and grow the Bank’s national footprint,” said Rick Wayne, Northeast Bank President and CEO. “His decades of SBA experience will benefit both the Bank and our small business customers.”

“George is a vital part of our growth in the SBA lending space. He will work directly with all of our lenders throughout our national markets to ensure we provide effective solutions for each customer,” said Jonathan Smith, SVP, Director of SBA Lending.

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About Northeast Bank

Northeast Bancorp (NASDAQ: NBN) is the holding company for Northeast Bank, a full-service bank headquartered in Lewiston, Maine. We offer traditional banking services through the Community Banking Division, which operates ten full-service branches that serve customers located in western, central, and southern Maine. From our Maine and Boston locations, we also lend throughout the New England area. Our Loan Acquisition and Servicing Group (LASG) purchases and originates commercial loans on a nationwide basis. In addition, our Small Business Lending division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers savings products to consumers online. Information regarding Northeast Bank can be found on its website at www.northeastbank.com.