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News Room

Mainely Character Scholarship Sponsored by Northeast Bank Awarded to Windham High School Student

Windham and Portland, Maine
July 20th, 2010

Samiratu Abdul Karim was recently awarded the 2010 Arnold Bushner-Mainely Character Scholarship, sponsored by Northeast Bank and presented at the recent awards assembly at Windham High School.

Samara was selected from more than 250 applicants from across the state to receive this highly competitive scholarship. She participated in a rigorous process that included an application, essay and personal interview. Award recipients are selected based on their leadership, community involvement and most importantly, character.

Northeast Bank Hires Shannon Odom as new Mortgage Loan Officer

Bangor, Maine
May 27th, 2010

As part of the expansion of its Mortgage Division, Northeast Bank announces the hiring of Shannon Odom as a new Mortgage Loan Officer serving Northern Maine.

In the midst of Northeast Bank’s recent expansion, the company has exceeded its original plan of creating 10 new positions to handle the increased mortgage volume. So far this year, the bank has hired 14 new mortgage loan officers and continues to add positions within its mortgage division.

Northeast Bank Donates to Rebuilding Together L/A: Encourages Community Involvement

Lewiston, Maine
April 7th, 2010

As part of its commitment to social responsibility and concern for its community, Northeast Bank has donated $1,000 to Rebuilding Together L/A to help in the building and restoration of homes in the Lewiston/Auburn area.

In addition to the financial contribution, Northeast Bank employees will also join other volunteers in the actual building of a home this year starting on National Rebuilding Day on

May 1. This is the 5th year that Northeast Bank has contributed to the Rebuilding Together organization and that employees have volunteered to help build.

Northeast Bank Supports Junior Achievement’s Youth Economic Development Program

Lewiston and Augusta, ME
February 11th, 2011

In the effort to support financial education and its commitment to corporate social responsibility, Northeast Bank has donated $1000 to Junior Achievement, a program designed to educate children K-12 on entrepreneurship, wealth management, and economics.

Chris Montemurro Joins Northeast Bank as Mortgage Sales Manager in Bangor

Bangor, ME
March 25th, 2011

Northeast Bank announces the hiring of Chris Montemurro as a new Mortgage Sales Manager serving the Bangor market.

Northeast Bank has been growing their mortgage division over the past year, creating new jobs to meet the demand for mortgages and serve buyers and sellers in the market.

In his new role with Northeast, Montemurro will be responsible for growing Northeast’s mortgage business in Bangor, mentoring current sales staff, and assisting clients with their mortgage needs.

Frank Dumais Joins Northeast Bank as Mortgage Loan Officer

Scarborough, ME
March 29th, 2011

Northeast Bank announces the hiring of Frank Dumais as a new Mortgage Loan Officer housed in the Scarborough Insurance office at 383 US Route 1.  Frank is responsible for helping area residents find the right loan product to fit their needs.

Northeast Bank has been growing their mortgage division over the past year, creating new jobs to meet the demand for mortgages and serve buyers and sellers in the market.

Northeast Bank Donates $2,500 to Support Oasis Health Network

Bath and Brunswick, ME
March 30th, 2011

Continuing to support community programs state-wide, Northeast Bank has donated $2,500 to Oasis Health Network, supporting the operations of their various health care services for residents in the southern Midcoast Maine  region.

Northeast Bancorp Reports Strong First Quarter Results; Increase of 94%

Lewiston, Maine
October 18th, 2010

Northeast Bancorp (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (www.northeastbank.com), today announced first quarter net income for the period ended September 30, 2010 of $960,691, an increase of 94% over net income of $495,669 for the same period in the previous fiscal year.

Northeast Bancorp Reports Second Quarter Results

Lewiston, Maine
February 2nd, 2011

Northeast Bancorp (NASDAQ: NBN), a Maine-based full-service financial services company and parent of Northeast Bank (www.northeastbank.com), today reported operating results for its fiscal second quarter ended December 31, 2010. Results include the effect of the accounting treatment for the merger of Northeast Bancorp (“Northeast” or the “Company”) and FHB Formation LLC (“FHB”), which was consummated on December 29, 2010.

Northeast Bank Earnings Continue to Climb for 3rd Qtr and Year-to-Date

Lewiston, Maine
April 20th, 2010

Northeast Bancorp (NASDAQ: NBN), a Maine-based full-service financial Company and parent of Northeast Bank (https://www.northeastbank.com), announced net income was $530,632, or $0.20 per diluted share, for its third quarter ended March 31, 2010, an increase of 37% compared to the $387,370, or $0.14 per diluted share, earned for the quarter ended March 31, 2009. Qtr and Year-to-date

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