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NBN - Northeast Bank
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Northeast Bancorp is the holding company for Northeast Bank, a full-service bank headquartered in Lewiston, Maine. They offer personal and business banking services to the Maine and New Hampshire markets via ten branches and two loan production offices. Their Loan Acquisition and Servicing Group purchases and originates commercial loans on a nationwide basis and the SBA Division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com. Northeast Bancorp was formed from the merger of Bethel Savings Bank and Brunswick Federal Savings in 1996.
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    03/29/2021NBN
    Northeast Bank Ranked 18th Best-Performing U.S. Community Bank Under $3 Billion in Assets by S&P Global Market Intelligence

    PORTLAND, Maine, March 29, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that it was ranked the 18th best-performing U.S. community bank out of 4,287 eligible banks with assets under $3 billion by S&P Global Market Intelligence in its annual ranking. “This ranking is particularly gratifying given the challenges presented by the COVID-19 pandemic,” said Rick Wayne, President and Chief Executive Officer. “Thanks to our tirelessly working team, most from home, w...

    03/18/2021NBN
    Should You Take Comfort From Insider Transactions At Northeast Bank (NASDAQ:NBN)?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

    03/8/2021NBN
    Northeast Bank Announces New Board Member Bill Mayer

    PORTLAND, Maine, March 08, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the Board of Directors has elected William Mayer to fill the vacancy on the Bank’s Board of Directors created by the recent passing of Robert R. Glauber, who served as the Bank’s Chairman since 2010. Mr. Mayer is a retired partner from Goodwin Procter. Mr. Mayer served as corporate and regulatory counsel for financial institutions and financial institution holding companies, ranging from...

    03/4/2021NBN
    UPDATE -- Northeast Bank Announces Sale of Paycheck Protection Program Loans

    PORTLAND, Maine, March 04, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today that it has entered into a Loan Purchase and Sale Agreement (the “Loan Sale Agreement”) with The Loan Source, Inc. (“Loan Source”) to sell to Loan Source all loans originated by the Bank under the current round of the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”). From January 11, 2021 through February 26, 2021, the Bank had...

    03/4/2021NBN
    Northeast Bank Announces Sale of Paycheck Protection Program Loans

    PORTLAND, Maine, March 04, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today that it has entered into a Loan Purchase and Sale Agreement (the “Loan Sale Agreement”) with The Loan Source, Inc. (“Loan Source”) to sell to Loan Source all loans originated by the Bank under the current round of the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”). From January 11, 2021 through February 26, 2021, the Bank had...

    03/1/2021NBN
    Northeast Bank Announces New Chairman Matthew Botein

    PORTLAND, Maine, March 01, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the Board of Directors has elected Matthew Botein as the Chairman of the Board of Directors. Mr. Botein is a member of the Bank’s Risk Management Committee and Loan and Investment Committee and serves as Chairman of the Bank’s Compensation Committee. Mr. Botein succeeds Robert R. Glauber as Chairman of the Board of Directors of the Bank. Mr. Botein has been a member of the Board of Direc...

    02/18/2021NBN
    Northeast Bank Mourns the Loss of Chairman Robert R. Glauber

    PORTLAND, Maine, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the passing on February 14 of the Chairman of its Board of Directors, Robert R. Glauber. Mr. Glauber had served as Chairman of the Board since 2010, Chair of the Bank’s Governance Committee and a member of its Compensation Committee. Rick Wayne, President and Chief Executive Officer of the Bank, said “We are deeply saddened by the passing of Bob, who led our Board with a steady hand, a sh...

    02/1/2021NBN
    Here's Why I Think Northeast Bank (NASDAQ:NBN) Might Deserve Your Attention Today

    Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...