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.
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.