Northeast Bank Hires Staff in Support of Small Business and Commercial Lending Efforts

Lewiston, Maine
Wednesday, September 17, 2014

Northeast Bank announced today that it added several members to its staff in order to grow its Small Business Administration Lending and Commercial Lending activities across New England. They include:

Joshua Israel - Senior Vice President of Business Development

Josh will work with the bank’s Loan Acquisition and Servicing Group, based in Boston, MA. Prior to joining Northeast Bank, Josh spent four years with Admirals Bank as Director of Loan Acquisitions. He also served as an Asset and Investment Manager for Premier Capital and Reality Financial Partners respectively. Josh received his MBA from NYU and undergraduate degree at Middlebury College.

Jonathan Smith - Senior Vice President and Director of SBA Lending
Jonathan comes to Northeast Bank from the National SBA Division of TD Bank, where he served as Vice President and Regional Sales Manager of their National Team in Greenville, South Carolina. Prior, he was Vice President, Senior Business Development Officer for TD located in Portsmouth, NH. Jonathan will be located out of the Portland, ME office. He is a graduate of Suffolk University, and resides in York with his wife and four children.

Greg Corra - Senior Loan Underwriter and Portfolio Manager
Greg joins the commercial lending group in the Community Banking Division of Northeast Bank with more than 25 years of experience in business lending. Most recently, Greg served in this role at Citizens Bank for 12 years and has worked in loan review for TD Bank, KeyBank and Bar Harbor Bank & Trust. He is a University of Maine graduate.

“As we continue to expand our small business and commercial lending efforts throughout New England, we are pleased to welcome Josh, Jonathan and Greg to our growing team,” said Jeanne A. Hulit, President of the Community Banking Division. “Their collective experience in developing effective commercial lending solutions will be instrumental in helping the bank support the needs of current and prospective customers in the years ahead.”

About Northeast Bank
Northeast Bancorp (NASDAQ: NBN) is the holding company for Northeast Bank, a full-service bank headquartered in Lewiston, Maine. Northeast Bank offers traditional banking services through its Community Banking Division, which operates ten full-service branches and three loan production offices that serve individuals and businesses located in western and south-central Maine and southern New Hampshire. Northeast Bank’s Loan Acquisition and Servicing Group purchases and originates commercial loans for the Bank’s portfolio. 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.

For More Information:
Chris Delamater
Northeast Bank, 500 Canal Street, Lewiston, ME 04240
207.786.3245 ext. 3548 www.northeastbank.com