Member of President Obama’s Cabinet, veteran of Obama Administration, Maine economic team
Northeast Bancorp (“Northeast” or the “Company”) (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (the “Bank”), announced today that Jeanne A. Hulit, Acting Administrator of the Small Business Administration (“SBA”), will be joining the Bank in mid-February as President of its Northeast Community Banking Division.
Northeast Bancorp (“Northeast” or the “Company”) (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank, announced today it will release its fiscal 2014 first quarter earnings results after the markets close on Tuesday, October 29, 2013. Following the release, the Company will host a conference call with a simultaneous webcast at 11:00am EDT on Wednesday, October 30, 2013.
Northeast Bank today announced the availability of up to $10 million for qualified small business loans throughout Maine. The program will be offered in conjunction with the Small Business Administration (SBA), and aims to target new and existing small businesses in Maine who are looking to grow or expand their operations.
Remains on Northeast Bank Community Advisory Board
Northeast Bancorp announced today that James Delamater, Chief Executive Officer of its Community Banking Division will retire on August 1, 2013 to pursue other interests in the private sector. Mr. Delamater will remain on the Northeast Bank Community Advisory Board, and will continue to be active in the community on several boards.
Northeast Bancorp today announced its intention to exit its investment brokerage business, currently doing business as Northeast Financial Services. Current Northeast Financial Services clients will continue to be serviced by their existing investment representatives, ensuring minimal disruption for clients.
Grant will help the more than 200 displaced residents start over after Lewiston fires
Northeast Bank today announced today a $5,000 donation to the YWCA of Central Maine, which will be directed toward its newly created Lewiston Fire Victims Fund. The fund is a new YWCA initiative, established in response to the growing needs of victims affected by the recent downtown fires. All donations contributed to the fund will go toward assisting victims purchase critical necessities and household items as they work to rebuild their lives.
Northeast Bank today announced that is has awarded a $2,000 grant to Big Brothers Big Sisters of Androscoggin and Oxford counties in support of its Bowl for Kids’ Sake. Big Brothers and Big Sisters is dedicated to helping children realize their potential and help them shape a successful future.
Northeast Bank today announced that is has awarded a $1,000 grant to the Sexual Assault Response Services of Southern Maine (SARSSM) to support its violence prevention and anti-bullying programs in schools. The School-Based Education program services grades K-12 and is dedicated to teaching youth how to respond to and prevent bullying, as well as sexual violence.
Donates $1,000 to supplement the cost of housing for the fire victims
Northeast Bank announced today a donation of $1,000 to the American Red Cross to support their effort in assisting with the cost of housing individuals who were displaced after their homes were destroyed in Mondays’ fire. Without this donation, as of Thursday morning, the displaced residents would have been without temporary shelter or housing.