Northeast Bank

Northeast Bank Reports First Quarter Results and Declares Dividend

Retrieved on: 
Monday, October 23, 2023
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The total return does not include the effect of purchased loan charge-offs or recoveries in the quarter.

Key Points: 
  • The total return does not include the effect of purchased loan charge-offs or recoveries in the quarter.
  • Provision for credit losses decreased by $660 thousand to a provision of $190 thousand for the quarter ended September 30, 2023, compared to a provision of $850 thousand in the quarter ended September 30, 2022.
  • In the first quarter of fiscal year 2024, the Bank adopted CECL, effective July 1, 2023.
  • For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com.

Northeast Bank Announces Dates for Fiscal 2024 First Quarter Earnings Results and Conference Call

Retrieved on: 
Wednesday, October 18, 2023
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PORTLAND, Maine, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 first quarter earnings results on Monday, October 23, 2023.

Key Points: 
  • PORTLAND, Maine, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 first quarter earnings results on Monday, October 23, 2023.
  • Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m.
  • The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, JP Lapointe, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.
  • To access the conference call by phone, please go to this link ( Phone Registration ), and you will be provided with dial in details.

Northeast Bank Joins Forces with Narmi to Revolutionize the Consumer Account Opening Experience for Customers

Retrieved on: 
Tuesday, September 5, 2023
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PORTLAND, Maine, Sept. 5, 2023 /PRNewswire-PRWeb/ -- Northeast Bank is pleased to announce the successful launch of a new Consumer Account Opening experience powered by Narmi, a leading provider of digital banking solutions. The new experience will be leveraged by both Northeast Bank and its ableBanking brand and will transform the account opening process, offering customers the convenience and security of opening accounts online in under three minutes.

Key Points: 
  • Northeast Bank partners with Narmi to transform the account opening experience across both Northeast Bank and its ableBanking brand.
  • PORTLAND, Maine, Sept. 5, 2023 /PRNewswire-PRWeb/ -- Northeast Bank is pleased to announce the successful launch of a new Consumer Account Opening experience powered by Narmi , a leading provider of digital banking solutions.
  • "Northeast Bank is proud to partner with Narmi to offer our customers a truly exceptional digital account opening experience," said Robert T. Banaski, SVP, Director of Community Banking for Northeast Bank.
  • "Northeast Bank is proud to partner with Narmi to offer our customers a truly exceptional digital account opening experience," said Robert T. Banaski, SVP, Director of Community Banking for Northeast Bank.

Northeast Bank Announces Dates for Fiscal 2023 Fourth Quarter Earnings Results and Conference Call

Retrieved on: 
Wednesday, July 19, 2023
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PORTLAND, Maine, July 19, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 fourth quarter earnings results on Monday, July 24, 2023.

Key Points: 
  • PORTLAND, Maine, July 19, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 fourth quarter earnings results on Monday, July 24, 2023.
  • Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m.
  • To access the conference call by phone, please go to this link ( Phone Registration ), and you will be provided with dial in details.
  • For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com.

Northeast Bank Announces Dates for Fiscal 2023 Third Quarter Earnings Results and Conference Call

Retrieved on: 
Wednesday, April 19, 2023
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PORTLAND, Maine, April 19, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 third quarter earnings results on Monday, April 24, 2023.

Key Points: 
  • PORTLAND, Maine, April 19, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 third quarter earnings results on Monday, April 24, 2023.
  • Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m.
  • To access the conference call by phone, please go to this link ( Phone Registration ), and you will be provided with dial in details.
  • For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com.

BayFirst National Bank Hires Former GBank VPs, Bolsters Nationally-Ranked SBA Lending Division

Retrieved on: 
Monday, March 6, 2023
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Jimenez brings 23 years of commercial lending experience having specialized in both SBA 7(a) and 504 loans.

Key Points: 
  • Jimenez brings 23 years of commercial lending experience having specialized in both SBA 7(a) and 504 loans.
  • Smith, who also served as vice president, business development officer at GBank, brings more than 20 years of commercial and SBA lending experience.
  • Smith has served as vice president, SBA lending at First Business Bank.
  • Prior to that, he held the title of vice president, business development officer at both Radius Bank and Ameris Bank.

Northeast Bank Announces Dates for Fiscal 2023 Second Quarter Earnings Results and Conference Call

Retrieved on: 
Friday, January 20, 2023
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PORTLAND, Maine, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 second quarter earnings results on Wednesday, January 25, 2023.

Key Points: 
  • PORTLAND, Maine, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2023 second quarter earnings results on Wednesday, January 25, 2023.
  • Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m.
  • To access the conference call by phone, please go to this link ( Phone Registration ), and you will be provided with dial in details.
  • For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com .

Worksport CEO Steven Rossi Reflects on 2022 and Looks Forward to 2023, aiming for 2023 Profits

Retrieved on: 
Tuesday, January 10, 2023
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Richmond Hill, Ontario, Canada, Jan. 10, 2023 (GLOBE NEWSWIRE) -- As Worksport’s CEO, let me begin by wishing everyone a Happy and Healthy 2023.

Key Points: 
  • Richmond Hill, Ontario, Canada, Jan. 10, 2023 (GLOBE NEWSWIRE) -- As Worksport’s CEO, let me begin by wishing everyone a Happy and Healthy 2023.
  • It’s an exciting project that moved forward greatly during the rest of the year.
  • It takes time to build the factory to produce electric pickups, regular truck beds and solar covers.
  • We publicly announced this project in a press release on April 21, 2022.

Northeast Bank Announces Commencement of At-the-Market Offering of Voting Common Stock

Retrieved on: 
Monday, December 12, 2022
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All of the Shares to be sold in the offering will be offered by the Bank.

Key Points: 
  • All of the Shares to be sold in the offering will be offered by the Bank.
  • The Bank intends to use the net proceeds from the offering for general corporate purposes, including the support of additional growth.
  • The offering will be made only by means of an offering circular.
  • Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine.

Northeast Bank Announces Significant Loan Purchase Volume

Retrieved on: 
Thursday, December 8, 2022
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PORTLAND, Maine, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that since September 30, 2022, the Bank has purchased or entered into agreements to purchase primarily commercial real estate loans in the amount of unpaid principal balance of up to $1.16 billion.

Key Points: 
  • PORTLAND, Maine, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today that since September 30, 2022, the Bank has purchased or entered into agreements to purchase primarily commercial real estate loans in the amount of unpaid principal balance of up to $1.16 billion.
  • The Bank has funded and intends to fund the purchase of these loans primarily relying on Federal Home Loan Bank advances, brokered deposits and non-brokered deposits acquired through listing services.
  • “We are very pleased to announce this purchased loan activity,” said Rick Wayne, Chief Executive Officer.
  • ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide.