Steven Brown Joins Northeast Bank’s Small Business Lending Division

Lewiston, Maine
Monday, November 23, 2015

Northeast Bank (the “Bank”) announced today that Cincinnati-area resident, Steven Brown joined its national Small Business Administration (“SBA”) Lending Division as Vice President, SBA Business Development. The team is led by Jonathan Smith, Senior Vice President, Director of SBA Lending.

“We are very excited Steven has joined our SBA team in order to provide financing to small businesses in the Greater Cincinnati region,” said Rick Wayne, President and CEO. “Small businesses are critical to job creation and prosperity and we are pleased to be offering new capital to help them grow. Steven’s experience in developing effective SBA lending solutions will be instrumental in helping the bank support the needs of current and prospective small business customers in the years ahead.”

Steven joins the bank from Evolve Bank and Trust where he was Vice President, SBA Business Development Officer, responsible for business development across the Midwest region. Prior to this, he served as Vice President SBA Division for CIT Bank. Steven received his Bachelor’s degree from Hillsdale College in Hillsdale, Michigan, where he starred as a 4-year Varsity Basketball letterman and two-time captain. Steven is involved in several community organizations including GMCI and will continue to serve the Midwest Region.

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.