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Government Banking Solutions

Government Banking Solutions

At Northeast Bank, we stay focused on you. Not driven by fees, we consistently offer top-of-market rates and many services at no cost. Our team will listen and deliver customized banking services that meet your needs.

Banking Made for Government Entities

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Maximize Interest Revenue

Northeast Bank helps cities, towns, utilities, school districts and other government entities make the most of their funds. We offer an indexed interest rate on liquid deposits to ensure competitive earnings and maximize interest revenue. 

Our Government Banking team supports a full range of government entity needs from full deposit relationships to investment options for idle funds such as reserves, project funds or excess cash flow.

Extended FDIC Insurance - Northeast Bank

Secure Funds, Convenient Online Access

Northeast Bank is proud to offer extended FDIC insurance coverage for liquid and timed deposits via Insured Cash Sweep (ICS) and Certificate of Deposit Account Registry (CDARS) products. 

Additionally, our secure online treasury services include payee positive pay and ACH filter/block for protection all day, every day.

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High-Touch Personal Service

Government entities banking with Northeast Bank receive an assigned Relationship Manager who is supported by a dedicated Government Banking support team specializing in cash management and treasury services.

Our Government Banking team has decades of experience in government banking and financing, including a former State of Maine Deputy State Treasurer and municipal management experience across New England.

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Public Financing for Priority Projects

Northeast Bank provides short-term financing to help balance out cash flow seasonality. Our offerings include Tax, Bond and Revenue Anticipation Notes, as well as, General Obligation Bonds for tax-exempt financing.

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Credit Cards for Government Entities

Municipalities, schools, public utilities and nonprofits are eligible to apply to our credit card provider, Elan, for various card products, including purchasing cards. Our Government Banking team will work with you to determine the card best suited for your needs.

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Online Sub-Accounting Platform

Our online sub-accounting platform, Escrow Manager, allows for easy accounting and management of funds.

Technology and Services to Help Government Entities

Online Cash Management

Manage your Northeast Bank accounts in real-time via secure online banking, including ACH, online wires, single sign on and more.

Remote Deposit and Courier Services

Northeast Bank provides both a remote deposit scanner and supporting courier service for free to government entities that are not near a banking center location.

Remote deposit customers receive same day credit for checks scanned as late as 6pm each business day.

Lockbox Services

Streamline payment collection with our lockbox service provider. Northeast Bank is proud to offer this service at a reduced cost to government entities (depending on service needs).

Community Grant Program

Apply for matching funds to support projects for underserved community members. We are proud to give back to our local communities.

Let's Get Started.

Our experienced government bankers are here to help.

Matthew ColpittsJason Simcock
Matthew Colpitts
Senior Vice President, Dir. of Government Banking
207-514-1712
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Jason Simcock
Senior Vice President, Senior Government Banker
207-514-1609
Send Email