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Board of Directors

Robert Glauber, Chairman

Robert Glauber is a Lecturer at Harvard’s Kennedy School of Government and was a Visiting Professor at Harvard Law School in 2007 and 2009. Previously, he served as Chairman and Chief Executive Officer of NASD (now FINRA), the private-sector regulator of the U.S. securities markets, from September 2001 to September 2006, after becoming NASD’s Chief Executive Officer in November 2000.

Prior to becoming an officer at NASD, he was a Lecturer at the Kennedy School from 1992 until 2000, Under Secretary of the Treasury for Finance from 1989 to 1992 and previously to that, was a Professor of Finance at the Harvard Business School. Mr. Glauber served as Executive Director of the Task Force (“Brady Commission”) appointed by President Reagan to report on the 1987 stock market crash.

He has served on the boards of the Federal Reserve Bank of Boston, a number of Dreyfus mutual funds, the Investment Company Institute and as president of the Boston Economic Club. Mr. Glauber presently is a director of Moody’s Corporation, Chairman of XL Group plc, and Vice Chairman of the Trustees who oversee the International Accounting Standards Board. He has been a Senior Advisor at Peter J. Solomon Co., an investment bank, since November 2006. Mr. Glauber graduated from Harvard College and received his doctorate from Harvard Business School.

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Matthew Botein

Matthew Botein is a Managing Director at BlackRock, and heads BlackRock Alternative Investors. He was previously a Managing Director and member of the Management Committee at Highfields Capital Management, an investment management firm. At Highfields, he oversaw portfolio investments in the financial services industry, as well as various private equity investments. Mr. Botein has also worked in the private equity departments of The Blackstone Group and Lazard Frères.

He was instrumental in the founding of and is a director of Private National Mortgage Acceptance Co. (“PennyMac”) and PennyMac Mortgage Investment Trust (NYSE: PMT) .  He also served as a director of Aspen Insurance Holdings Ltd. (NYSE: AHL) and Director of Corelogic Inc. (NYSE: CLGX ).

Mr. Botein has an M.B.A. with High Distinction from Harvard Business School, where he was a Baker Scholar and Loeb Scholar. Mr. Botein also has an A.B. magna cum laude, from Harvard College.


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Cheryl Dorsey

Cheryl Dorsey has been the president of Echoing Green since 2002, a leading global social venture fund that unleashes next generation talent to solve the world’s biggest problems.

Ms. Dorsey served as a White House Fellow from 1997 to 1998, serving as Special Assistant to the U.S. Secretary of Labor, advising the Clinton Administration on health care and other issues. She was later named Special Assistant to the Director of the Women’s Bureau of the U.S. Labor Department, where she helped develop family-friendly workplace policies and spearheaded the labor secretary’s pay equity initiative.

She was most recently appointed Vice-Chair of the President’s Commission on White House Fellowships, after serving as a team member of the Innovation and Civil Society subgroup of the Obama Presidential Transition’s Technology, Innovation, and Government Reform Policy Working Group. She was named one of “America’s Best Leaders” in 2009 by U.S. News & World Report and the Center for Public Leadership at the John F. Kennedy School of Government at Harvard University. For 2010 and 2011, she was named as one of The Nonprofit Times' "Power and Influence Top 50."

Ms. Dorsey serves on the boards of Northeast Bank, Harvard Board of Overseers and the SEED Foundation.

She holds a B.A. in History and Science from Harvard-Radcliffe Colleges, an M.D. from the Harvard Medical School and an M.P.P. from the John F. Kennedy School of Government.

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Peter McClean

Peter McClean has been the Managing Director of Gulfstream Advisors LLC, a private advisory firm focused on risk management and strategic planning, since 2004. He is also a Senior Adviser to the Committee on Capital Markets Regulation, an independent and nonpartisan research organization dedicated to improving the regulation of U.S. capital markets. He is a director of an investment entity of Private National Mortgage Acceptance Co. (“PennyMac”), a specialty asset management firm created to address the dislocations in the U.S. mortgage market, a director of several mutual funds advised by USAZ, a subsidiary of Allianz AG, and a director of Cyrus Reinsurance.

From 2001 through 2003, Mr. McClean was the president and chief executive officer of Measurisk LLC, an independent provider of sophisticated risk information for hedge funds, fund of funds, pension funds and other investment managers of complex, multi-asset class investment portfolios. The company was sold to Bear Stearns in late 2003. Before joining Measurisk he served as the chief risk management officer of The Bank of Bermuda Limited from 1996 until 2001. In this position he led an enterprise-wide risk management function responsible for credit and market risk policy as well as operational risk policy.

Mr. McClean is a director of FHI360, a non profit entity focused on international development and health.  He is also a director of the Northern Arizona University Foundation.

Mr. McClean has an undergraduate degree from Northern Arizona University. He holds a B.S. in International Business from Thunderbird-The Garvin School of International Business. He has also attended graduate and executive courses at the Harvard Business School and the Columbia University School of Business.

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John Orestis

John C. Orestis has been a director of Northeast and the Bank since 2007. Mr. Orestis has been the owner, Treasurer and Chief Development Officer of Schooner Estates Retirement Community in Auburn, Maine since 2006 as well as the President and Chief Executive Officer of North Country Associates in Lewiston, Maine since 1981. Mr. Orestis received his Juris Doctorate from American University and was a senior Partner at Skelton, Taintor, Abbott & Orestis, Attorneys from 1968 to 1987, specializing in business and tax law.

Mr. Orestis has served on many government and civic organizations throughout Maine, including the Maine Healthcare Organization and the Maine Economic Growth Council. Mr.Orestis was the former mayor of the city of Lewiston and is widely recognized by many of the Bank’s customers as having a particular interest in senior citizens by virtue of his substantial investment in senior care.

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Adam Shapiro

Adam Shapiro is a partner and co-founder of East Rock Capital, LLC, an investment management firm that manages capital, including charitable assets, on behalf of several high net worth families.

Previously, Mr. Shapiro was a Vice President in the Special Situations Group at Goldman Sachs. Prior to Goldman Sachs, Mr. Shapiro worked in the Private Equity and Mezzanine Finance Groups at Darby Overseas Investments, Ltd., an emerging markets investment fund founded by former Treasury Secretary Nicholas Brady.

Mr. Shapiro received an MBA from Columbia University, was a Fulbright Scholar in Argentina, and graduated from Yale with a BA in Ethics, Politics, and Economics.

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David Tanner

David Tanner is Managing Director of Arlon Group LLC. and has served as Executive Vice President, Investments, and has been a member of the Management Committee of Continental Grain Company since 2006.

Mr. Tanner has served on the Board of Directors of numerous public and private companies and currently serves on the Boards of Excelline Food Products, LLC, Carlile Bancshares, Inc., and Northeast Bancorp.

Previously, Mr. Tanner served as a Founder and Managing Principal of Quadrangle Group, LLC from 2000-2006; Managing Director at Lazard Freres & Co. and Managing Principal at Lazard Capital Partners from 1998-2000; and Managing Director at Warburg Pincus LLC, with which he was associated from 1986-1997.

Currently, Mr. Tanner is the Chairman of the Board of Trustees of Montefiore Medical Center, Trustee of the New York University School of Law, Overseer of the Albert Einstein College of Medicine, Trustee of the Citizens Budget Commission, Member of the Executive Committee of the Princeton University Capital Campaign and Director of Lawyers for Children. Mr. Tanner received his Bachelor of Arts degree with honors in History from Princeton University, his Diploma of Economics from the London School of Economics, and his Juris Doctor from the New York University School of Law.

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Judith E. Wallingford

Judith E. Wallingford is a past Chairman of the board of Northeast and the Bank and has been a director since 1994. Ms. Wallingford, a certified management accountant, also is President of The Maine Water Company, a water utility serving various communities in Maine. Ms. Wallingford joined the board as a result of Northeast’s acquisition of Brunswick Federal Savings, F.A., as she was a member of that board and made an outstanding choice for the Northeast board as a result of her knowledge of accounting and general business acumen.

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Richard Wayne

Richard Wayne is responsible for all of the company’s business divisions including the Northeast Community Banking Division, ableBanking, and the Loan Acquisition and Servicing Group. Prior to joining Northeast, Mr. Wayne co-founded Capital Crossing Bank, in Boston, Massachusetts, where he served as its President and Co-Chief Executive Officer from 1991 until its sale in February 2007. Capital Crossing Bank was a national leader in the acquisition and management of commercial loans, purchasing over $2 billion of loans. He is the Chairman of the Board of RefugePoint, a non-profit organization that protects and cares for at-risk refugees in Africa.

He holds a J.D. from Suffolk University Law School, a LL.M. in Taxation from Boston University School of Law and a B.S. in Accounting from Syracuse University

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