Northeast Bancorp (NASDAQ: NBN) (“Northeast”) announced today that it has completed the previously announced merger with FHB Formation LLC (“FHB”). As a result of this transaction, Northeast will receive approximately $16 million in new capital.
Northeast Bancorp (NASDAQ: NBN) (“Northeast”) announced today that it has received all shareholder and regulatory approvals necessary to complete the merger with FHB Formation LLC (“FHB”), bringing approximately $16 million of new capital to Northeast. The transaction is expected to close on or before December 31, 2010, with Northeast continuing as the surviving entity.
The promotion to Vice President recognizes Willard’s deep experience in working with commercial relationships and her time with the bank. She will continue to maintain and grow her commercial loan portfolio and help position the bank’s commercial loan division for further growth.
Northeast Bank Insurance Group’s Scarborough office has moved to 383 US Route 1, Scarborough, ME 04074 effective Monday, November 29, 2010. The new location will house the Scarborough insurance office’s current staff which includes George Gould, Anita Turcotte, Sally Stowell, Matt Vaillancourt, Millie MacDonald, and Heidi Villacci. In addition, Northeast Bank will add commercial and residential lending specialists in the coming months, providing access to a wide range of financial services.
Northeast Bank announces the appointment of Colette Twigg-Rowse to Senior Credit Officer for the company by unanimous vote from the Board of Directors. Twigg-Rowse has been the Director of Credit and Operational Risk in the Risk Management Division for Northeast Bank since 2005. In addition to her current duties, she will assume oversight of the Loan Review process at the bank.
Northeast Bank announces the hiring of Becky Mason as a Senior Mortgage Loan Officer at its South Paris location, joining the local mortgage sales team to serve the growing lending needs of the Western Maine region. Becky is well known in the local community and brings 18 years of experience to Northeast Bank.
Northeast Bank is proud to announce that Matt Gutshall, a client specialist at Northeast’s Gateway location, received the Young Professionals of the Lewiston Auburn Area’s (YPLAA) Community Involvement Award.
YPLAA works to strengthen a vibrant young professional community by promoting career, social, and community development. The Community Involvement Award is given to a member who has exhibited determination and devotion to the betterment of the Lewiston-Auburn Area
As part of its commitment to social responsibility and concern for its community, Northeast Bank has donated $1,500 to the Mid Coast Hunger Prevention Program.
Northeast Bank will support Maine’s hungry by sponsoring the Mid Coast Hunger Prevention Program’s 3rd Annual Auction fundraiser which will take place November 20th at The Knights of Columbus Hall in Brunswick, from 5pm-8pm.
As part of its commitment to social responsibility and concern for its community, Northeast Bank has donated $1,500 to Sandcastle Clinical and Educational Services located in Lewiston.
Sandcastle Clinical and Educational Services, which specializes in early childhood education and intervention gratefully, received the donation, which will fund a playground shading structure at their new 72 Strawberry Avenue location in Lewiston. The new facility opens officially on September 1st.