AUGUSTA, Maine, December 4, 2025 -- Northeast Bank (the “Bank”) (NASDAQ: NBN), announced today it received City planning board approval to renovate its 235 Western Avenue banking center in Augusta, marking a major investment in the community and significant upgrade to the Bank’s ability to serve current and prospective customers. The redesigned banking center will feature state-of-the-art technology, improved customer service areas and a more welcoming, efficient design.

The new building will be designed and managed by NES Group of Mansfield, MA. Construction is expected to begin in early spring, with customers served by a temporary office on-site during the renovation process and a planned re-opening the fall of 2026.

The renovation reflects the Bank’s continued commitment to providing exceptional service and competitive deposit solutions to the Augusta region.

“This project represents an exciting step forward for both our customers and our company,” said Robert Banaski, Chief Retail Banking Officer at Northeast Bank. “We’re proud to invest in the Augusta community by creating an improved space at the City’s gateway — one that combines an enhanced infrastructure with best-in-class service.”

More information regarding groundbreaking events and construction timeline will be released in the coming months.

About Northeast Bank

Northeast Bank (NASDAQ: NBN) is a bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven banking centers. Our National Lending Division purchases and originates commercial loans on a nationwide basis and our SBA division originates government-guaranteed SBA loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.