Northeast Bank (NBN)

51.77 -0.72 (-1.37%) As of 11:48AM EDT. Market open.

Northeast Bank

27 Pearl Street
Portland, ME 04101
United States
207 786 3245
https://www.northeastbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 182

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Richard N. Wayne	President, CEO & Director	1.82M	N/A	1952
Mr. Patrick Dignan	Executive VP & COO	1.37M	N/A	1963
Ms. Julie A. Jenkins	Senior VP & Chief Information Officer	434.52k	N/A	1963
Mr. Richard Cohen	Chief Financial Officer	N/A	N/A	N/A
Ms. Heidi Jacques	Senior VP & Director of Human Resources	N/A	N/A	N/A
Mr. Brian Fenwick	Managing Director of Loan Underwriting	N/A	N/A	N/A
Ms. Theresa Morrison	Managing Director of Real Estate	N/A	N/A	N/A
Mr. Christopher P. Hickey	Managing Director of Asset Management	N/A	N/A	N/A
Mr. Chris Delamater	Senior VP & Director of Customer Experience	N/A	N/A	N/A
Ms. Sarah Shomphe	Senior VP, Director of Owned Real Estate & Underwriting Manager	N/A	N/A	N/A

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Northeast Bank provides banking services to individual and corporate customers in Maine. The company's deposit products include demand deposit, NOW, money market, savings, certificate of deposit, and individual retirement accounts, as well as checking accounts. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, such as term loans, lines of credit and equipment, and receivables financing; consumer loans comprising mobile home and overdraft, and deposit-secured loans; and small business administration loans. In addition, the company offers telephone banking, online banking and bill payment, mobile banking, cash management, and remote deposit capture services, as well as debit and credit card, ATM, electronic transfer, and check services. Further, it provides various services, such as money market, merchant, and payroll and HR. Northeast Bank was founded in 1872 and is headquartered in Portland, Maine.

Corporate Governance

Northeast Bank’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 7; Board: 2; Shareholder Rights: 7; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.