Northeast Bancorp (“Northeast” or the “Company”) (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (the “Bank”), today announced the redemption, at par value, of all shares of preferred stock sold in December of 2008 to the U.S.
BETHEL – Northeast Bank announced today that it has partnered with the District Exchange in an effort to help collect clothing for individuals and families in need. By accepting clothing donations at its Bethel branch, the Bank is pleased to provide the District Exchange with a new drop-off location. The Bank now accepts clothing donations at its 11 Main Street branch anytime Monday – Wednesday from 9:00 am – 4:00 pm, Thursday and Friday from 9:00 am – 5:00 pm and Saturdays from 9:00 am – 12:00 pm. Since introducing the drop-off boxes, the Ban
Northeast Bank has partnered with the YWCA of Central Maine in an effort to introduce new services and keep its members active. The Bank donated $3,000 to the YWCA enabling it to invest in full-body gaming systems designed to improve health and wellness efforts, specifically targeting youth and senior groups. The donation was used to purchase Nintendo Wii and Xbox Kinect systems, which allow members to engage in active gaming - requiring full-body movement, not a couch or controller.
Northeast Bank announced today that it has expanded its Lewiston-based Customer Service Center, adding six new positions over the past five months and extending its support hours to seven days a week. Customers now have access to a live support specialist from 7:00 a.m. – 10:00 p.m. Monday through Friday and 10:00 a.m. – 6:00 p.m.
Continuing its support for community members and programs, Northeast Bank has donated $1000 to SeniorPlus for their Meals on Wheels program.
The Meals on Wheels program from SeniorPlus delivers daily meals to homebound seniors in the Franklin, Oxford, and Androscoggin County areas with the support of volunteers and donations. Northeast Bank’s contribution will be used to purchase food, pay for meal preparation and volunteer mileage reimbursement.
Kevin Carbin, a Certified Financial Planner ™ Professional for Northeast Financial, located at Northeast Bank, has received the Chartered Retirement Plan Specialist (CRPS) designation from the College for Financial Planning.
With this new certification, Carbin will be able to design, install, and maintain retirement plans for the business community, helping area business and employees understand and choose the right retirement plans for them.
As part of its commitment to social responsibility and concern for its community, Northeast Bank donated $500 to the Good Shepherd Food-Bank.
“The support of local businesses is vital to the Food-Bank,” commented Rick Small, executive director of Good Shepherd Food Bank. “Generous donations like this one from Northeast Bank will help us to continue to address the most basic needs of more than 175,000 of our neighbors - hunger.”
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.