Northeast Bank
| Company type | Private |
|---|---|
| Industry | Banking, Financial services |
| Predecessor | Bethel Savings Bank, Brunswick Federal Savings |
| Founded | 1996 |
| Headquarters | Maine , United States |
Area served | United States (nationwide commercial loans, Maine community banking) |
| Products | Commercial loans, Personal banking, Business banking, Online savings accounts |
| Website | www |
Northeast Bank operates as a comprehensive financial institution based in Maine. Its National Lending division is responsible for originating and acquiring commercial loans across the country, while the Community Banking division offers personal and business banking services through nine branches located within Maine. Furthermore, ableBanking, a subsidiary of Northeast Bank, provides online savings accounts to customers nationwide. Further details can be found at www.northeastbank.com.
Northeast Bancorp was established in 1996 following the merger between Bethel Savings Bank and Brunswick Federal Savings.
Lines of Business
Northeast Bank provides a full range of personal and business banking services along with nationwide commercial loan origination and purchase capabilities.
National Lending
This division specializes in nationwide commercial real estate loan origination and acquisition, including bridge financing, private lender loans, and purchases in the secondary loan market.
Community Banking
The Community Banking segment delivers various personal banking services such as checking and savings accounts, money market funds, credit cards, residential mortgages, and personal loans. For businesses, offerings include deposit accounts, cash management solutions, business credit cards, and small business lending.
Both retail and commercial clients benefit from the bank’s online banking platform.
Northeast Bank Predecessors
- Bethel Savings Bank, founded in 1872
- Formation of Bethel Bancorp in 1987
- Acquisition of Brunswick Federal Savings in 1990
- Purchase of Cushnoc Bank and Trust of Augusta in 1997