Northeast Bank is a Maine-based full-service financial institution. Their National Lending group ("National Lending") purchases and originates commercial loans on a nationwide basis while the Community Banking group ("Community Banking") offers personal and business banking services within Maine via nine branches. Additionally, 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.
Lines of Business
Northeast Bank offers traditional personal and business banking services as well as the purchase and origination of commercial loans nationally.
National Lending
Northeast Bank originates and acquires commercial real estate loans on a nationwide basis. Business lines include:
bridge lending, private lender finance, and secondary market loan acquisitions.
Community Banking
Through the Community Banking group, Northeast Bank offers personal banking products such as
checking,
savings
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an ...
,
money market
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less.
As short-term securities became a commodity, the money market became a compon ...
and other
deposit accounts; as well as
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
accounts, residential
mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any ...
, and
personal loans
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the t ...
. Northeast Bank also offers business banking products such as
savings
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an ...
and
deposit accounts, cash management products, business
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
s, and small business loans.
[Business Banking;https://www.northeastbank.com/business-banking]
Online banking
Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial ins ...
services are offered to both retail and commercial clients.
History
Northeast Bank Predecessors
* Bethel Savings Bank, opened in 1872
* Bethel Bancorp created in 1987
* Brunswick Federal Savings Purchased in 1990
* Cushnoc Bank and Trust of Augusta Purchased in 1997
References
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Banks based in Maine
Companies based in Lewiston, Maine
1872 establishments in Maine
American companies established in 1872
Banks established in 1872
Bethel, Maine