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Management Team

Northeast Bank - Management Team

EXECUTIVE TEAM

Richard Wayne, President and CEO

Richard Wayne is responsible for all of the company’s business divisions including the Northeast Community Banking Division, ableBanking, and the Loan Acquisition and Servicing Group. He also serves on the Board of Directors of Northeast Bank and Northeast Bancorp. Prior to joining Northeast, Mr. Wayne co-founded Capital Crossing Bank, in Boston, Massachusetts, where he served as its President and Co-Chief Executive Officer from 1991 until its sale in February 2007. Capital Crossing Bank was a national leader in the acquisition and management of commercial loans, purchasing over $2 billion of loans.

He holds a J.D. from Suffolk University Law School, a LL.M. in Taxation from Boston University School of Law and a B.S. in Accounting from Syracuse University.

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Claire Bean, Chief Operating Officer

Claire Bean has responsibility for the company’s technology, operations, and corporate services. With a 25-year record in financial services in the Greater Boston area, Ms. Bean served as Chief Financial Officer for the Bank from 2010-2015.

Prior to joining Northeast Bank, she served as Executive Vice President and Chief Financial Officer of Benjamin Franklin Bancorp, from the company's initial public offering and simultaneous acquisition of Chart Bank in 2005 to its sale in 2009.

In the 1990s Ms. Bean was Chief Operating Officer and Treasurer of Grove Bank in Chestnut Hill, Massachusetts, and subsequently co-founded and served as Chief Operating Officer and a director of Lighthouse Bank, an Internet bank based in Waltham, Massachusetts. From 2002 to 2004, she worked in international economic development in Central Asia and Russia, serving as director of several microfinance programs designed to provide economic opportunity to the poor.

Currently, Ms. Bean serves on the board of REACH Beyond Domestic Violence and the Rockland Trust Charitable Foundation. Ms. Bean holds an M.B.A. from the Simon School of the University of Rochester and a B.A. in Political Science from Tufts University.

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Patrick Dignan, Managing Director and Chief Credit Officer

Patrick Dignan is responsible for directing the credit policies of Northeast Bank, managing all loan underwriting and due diligence activities, and chairing the loan approval committees for both the Community Banking Division, and the Loan Acquisition and Servicing Group. Prior to joining Northeast Bank in 2010, Mr. Dignan was a Senior Vice President and Director of Real Estate at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Mr. Dignan played a central role in the development of its loan acquisition platform, and held senior positions in the loan acquisition and loan servicing areas. Prior to joining Capital Crossing in 1998, Mr. Dignan was a real estate consultant with Paragon Property Analysis, and R.M. Bradley Real Estate in Boston. He is involved with youth sports and municipal boards and committees in his hometown. Mr. Dignan holds a B.A. in Philosophy from St. John’s College, is a Fellow of the Royal Institute of Chartered Surveyors, and a member of the Counselors of Real Estate.

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David Ellingrud, Managing Director

Dave Ellingrud focuses on sourcing and underwriting loan acquisition and servicing opportunities in the Loan Acquisition and Servicing Group. Prior to joining Northeast Bank, he was a Director at CarVal Investors, a value-oriented alternative asset fund. While at CarVal Investors, he underwrote and managed investment opportunities in the secondary commercial whole loan market, as well as developed, negotiated, and managed relationships with third party loan servicers. Prior to working at CarVal Investors, Mr. Ellingrud was a Senior Business Analyst at McKinsey & Company in their New York office.

He received his M.B.A. from Harvard Business School, and his A.B. in Applied Mathematics from Dartmouth College.

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Brian Fenwick, Senior Vice President

Brian Fenwick is the Director of Loan Underwriting, managing all aspects of credit underwriting in connection with loan purchases and originations in the Loan Acquisition and Servicing Group.  Prior to joining Northeast Bank in January, 2011, Mr. Fenwick was an Assistant Vice President at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Mr. Fenwick worked in business development, underwriting and asset management.  Before joining Capital Crossing, Mr. Fenwick was an Account Executive at GreenPoint Mortgage Funding, a subsidiary of Capital One.  Mr. Fenwick graduated from Trinity College in Hartford, Connecticut with a B.A. in Economics in 2002.

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Christopher Hickey, Managing Director

Christopher Hickey is the Director of Asset Management at Northeast Bank, overseeing all aspects of the Bank’s commercial and managed loan portfolios nationwide.  With over 22 years of experience in banking and asset management, he possesses an extensive loan servicing background, completing or overseeing a wide range of resolution transactions all across the country and including most asset classes.  He is also experienced in foreclosure, liquidation and bankruptcy proceedings.

Prior to joining Northeast Bank in 2010, Christopher held various senior management positions at Capital Crossing Servicing Company and its predecessor firms, most recently as a Senior Vice President and Director of Asset Management.  Prior to joining Capital Crossing in 1998, he worked at the former Bank of New England, Recoll Management, and Fleet National Bank.  He holds a B.A. in history from Bates College in Lewiston, Maine.

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Jeanne A. Hulit, President, Community Banking Division

Jeanne A. Hulit is responsible for leading Northeast Bank’s operations in Maine. Prior to joining Northeast Bank, Jeanne was the Acting Administrator of the U.S. Small Business Administration in Washington, DC.  Previously, she was responsible for overseeing the agency’s loan programs as Associate Administrator for SBA’s Office of Capital Access, and served as SBA’s New England Regional Administrator. Over her 18 years in banking in Maine, Jeanne has held numerous leadership positions including Senior Vice President for Commercial Lending at Citizens Bank, Vice President and Middle Market Lender at KeyBank, N.A., and manager of Key’s International Banking Division. In addition, Jeanne served as Deputy Director of the International Division at the Maine Department of Economic and Community Development.

Jeanne’s leadership extends into her civic engagement including as founder and Chair of the Maine International Trade Center, Chair of The University of Southern Maine Board of Visitors, and Treasurer, Maine Port Authority.  She holds a B.A. in International Studies from American University.

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Joshua Israel, Senior Vice President of Business Development

Mr. Israel focuses on sourcing and underwriting loan acquisition and origination opportunities in the Loan Acquisition and Servicing Group. Before joining Northeast Bank, he was a Senior Vice President and the Director of Loan Acquisitions at Admirals Bank where he sourced and underwrote investments in commercial whole loans in the secondary market.  Prior to working at Admirals Bank, he was an Investment Manager at Realty Financial Partners, a real estate opportunity fund in Wellesley, MA.

Mr. Israel received his M.B.A. from New York University and his B.A. from Middlebury College.

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Heidi Jacques, Senior Vice President, Director of Human Resources

Heidi Jacques oversees all aspects of human resources including talent management, compensation, employee benefits, and training. She works with hiring managers and the local community to communicate job opportunities and support employee growth. Ms. Jacques joined Northeast Bank from ING in Lewiston where she was Senior Human Resources Business Partner, overseeing the performance management, new hire orientation, and employee relations efforts for over 1,100 employees. She began her career in human resource consulting, working with a variety of businesses to fulfill employee hiring, orientation, and training needs.

Ms. Jacques was a Senior Human Resources Manager for AGERE Systems (formerly Lucent Technologies/AT&T), where she planned and directed human resource programs for two business units consisting of over 800 employees. She is an active member of the Lewiston/Auburn community, and has held leadership positions with the Central Maine Human Resources Association. She is also a member of the planning board for the Wellness Council of Androscoggin County. Ms. Jacques has a B.S. in Business Administration from the University of Southern Maine and has completed master's coursework in Human Resources Management at Rutgers University. In addition, she has obtained Certifications in Human Resource Management from Rutgers and Cornell University.

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Julie Jenkins, Senior Vice President, Director of Operations

Julie Jenkins is responsible for oversight of the Loan Servicing, Deposit Operations, Information Technology and Customer Contact Center departments of the Bank.  She ensures that all operational components are running effectively and remain current with ongoing compliance, risk management, and technology updates. Prior to becoming Director of Operations, Ms. Jenkins was the Director of eBanking Strategic Initiatives.  In that role, she was responsible for developing and implementing the operational and technical processes to support the Bank’s affinity banking strategy.  This included managing the various third party relationships hired to develop the new website, integrating the technical components of the website with the Bank’s current technology platform, streamlining the online account opening process, and the development of internal controls to ensure this channel remains compliant with the current regulations.

Prior to joining Northeast Bank, Ms. Jenkins was at Sovereign Bank, where she led a team of internal consultants for its parent, Banco Santander, who were responsible for planning, organizing and implementing enterprise-wide new technology systems for the company. Ms. Jenkins has held senior operations and technology positions at Mt. Washington Bank and Abington Savings Bank. She earned her B.A. in Management from Assumption College in Worcester, Massachusetts.

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James Krumsiek, Esq., Managing Director

Jim Krumsiek is Legal Counsel at Northeast Bank, and has practiced law in Massachusetts for over 20 years. Prior to joining Northeast Bank in 2011, he was in private practice in Boston with the firm of Perry, Krumsiek and Jack, LLP, where his practice focused primarily on commercial transactions, including acquisitions, refinances, and restructuring of debt secured by real and/or personal property. Prior to joining Perry, Krumsiek and Jack, LLP, Mr. Krumsiek was in-house counsel to Capital Crossing Bank in Boston.

Before joining Capital Crossing in 2000, he was in private practice with several firms later became a partner at Riemer & Braunstein, LLP. Mr. Krumsiek holds a J.D. from the University of Notre Dame in South Bend, IN, and a B.A. from the College of the Holy Cross in Worcester, MA.  He was admitted to the Massachusetts Bar Association in 1989 and the United States District Court of Massachusetts in 1990.

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Theresa Morrison, Senior Vice President

Theresa Morrison is the Director of Real Estate Valuation, managing all aspects of commercial real estate valuation in connection with loan originations, acquisitions, and servicing.  Prior to joining Northeast Bank in April, 2010, Ms. Morrison was a Vice President at Capital Crossing Servicing Company and its predecessor firms: Capital Crossing, a Division of Lehman Brothers Bank, and Capital Crossing Bank.

While at Capital Crossing, Ms. Morrison held a senior position in the Real Estate Department, managing real estate due diligence projects for loan portfolio acquisitions, as well as an ORE portfolio. Prior to working at Capital Crossing, Ms. Morrison was an associate at JPMorgan Chase in New York.  Ms. Morrison graduated from George Washington University in Washington, DC, with a B.B.A. in Finance in 1999.

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Brian Shaughnessy, Chief Financial Officer and Treasurer

Brian Shaughnessy has the responsibility for the company’s finance and accounting. He joins the company directly from KPMG LLP where he worked since 2005 and served as a Senior Manager in their banking audit practice. 

His responsibilities at KPMG LLP included providing professional audit services to clients in the financial services sector.  Mr. Shaughnessy is a certified public accountant and received a B.S. and a M.S. in Accountancy from Bentley University.

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Jonathan W. Smith, Senior Vice President, Director of SBA Lending

Jonathan W. Smith is responsible for Northeast Bank’s Small Business Association Lending. Mr. Smith has 10 years of banking and lending experience. Prior to joining Northeast Bank, he served as TD Bank’s Regional Sales Manager for their National SBA Program. Before his role with TD Bank, Mr. Smith served as a Regional Account Manager at CIT Small Business Lending for Northern New England and the Director of Business Development at Priority Capital.

He is a graduate of Suffolk University.

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Justin Wahls, Managing Director

Justin Wahls focuses on sourcing and underwriting loan acquisition and servicing opportunities in the Loan Acquisition and Servicing Group. Prior to joining Northeast Bank, he was a Vice President at CarVal Investors, a value-orientated alternative asset fund. While at CarVal Investors, he underwrote and managed investment opportunities in the secondary commercial whole loan market, as well as developed, negotiated, and managed relationships third party loan services.

Prior to working at CarVal Investors, Mr. Wahls was an Associate with Lake Pacific Partners, a middle-market private equity firm. He received his M.B.A. from the Wharton School of the University of Pennsylvania and a B.S. in Accountancy from the University of Illinois.

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Daryl Wentworth, Chief Commercial Officer, Community Banking Division

Daryl Wentworth oversees all of commercial lending for the Community Banking Division. Formerly of RBS Citizens, Mr. Wentworth spent the last 17 years focused on new business development and the management of a significant portfolio of middle market manufacturers, distributors, and service companies located across Maine, New Hampshire and Vermont. Prior to joining Citizens, he worked for KeyBank for 5 years on the Middle Market commercial banking team in Portland.

Mr. Wentworth holds a B.S. in Business Administration, with a concentration in finance, from The University of Maine and is very active in the Greater Portland community.  He served for nine years on the Board of the Regional Transportation Program in Portland as Board Vice President and Treasurer.

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Jeff Wright, Regional Vice President, Retail Sales & Operations Manager, Community Banking Division

Mr. Wright oversees the 10 retail branches and more than 55 retail staff for the Community Banking Division. Prior to joining Northeast Bank in 2007, Jeff was a Branch Manager for Key Bank and started his career as a Financial Advisor for Salomon Smith Barney.  He has over 15 years’ experience in the financial services and banking industry.

He holds a B.A. from Stonehill College.

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