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Balance Sheet Cash Flow Statement 500 Canal St. Lewiston, ME 04240 ME Tel. 207-786-3245 Fax 207-777-5936 |
Type: Public
On the web:
http://www.northeastbank.com
Employees:
258
Employee growth: 15.2%
Northeast Bancorp is the holding company for Northeast Bank, which operates about a dozen branches in western and southern Maine. Founded in 1872, the bank offers standard retail services such as checking and savings accounts, NOW and money market accounts, CDs, and trust services, as well as financial planning and brokerage. Residential mortgages account for the largest portion of the company's loan portfolio (about a third of all loans). Commercial mortgages and consumer loans each make up about a quarter of the portfolio. The bank also writes business loans and construction loans. Northeast Bank Insurance Group, a subsidiary of the bank, offers property/casualty coverage to consumers and businesses.
Key numbers for fiscal year ending June, 2008:
Sales: $25.1M
One year growth: 6.9%
Net income: $1.9M
Income growth: 2.4%
Officers:
Chairman, Northeast Bancorp and Northeast Bank: Judith W. Kelley
President, CEO, and Director, Northeast Bancorp and Northeast Bank: James D. Delamater
COO, Northeast Bank: Marcel C. Blais
Competitors:
Camden National
Norway Bancorp
TD Bank USA
