NBN Stock - Northeast Bancorp

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Northeast Bank, headquartered in Portland, Maine, specializes in offering comprehensive banking services to both individual and corporate clients across the state. Established in 1872, the bank has built a strong reputation for providing a wide range of deposit products, including demand deposits, NOW accounts, money market accounts, savings accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs), alongside various checking account options.

The bank's lending activities are diversified and cater to different needs within the community. Its loan portfolio includes residential mortgage loans, multi-family and commercial real estate loans, commercial and industrial loans (such as term loans, lines of credit, and equipment financing), consumer loans (including mobile home loans, overdraft protection, and deposit-secured loans), and small business administration (SBA) loans.

In addition to traditional banking services, Northeast Bank offers a suite of modern banking solutions designed to enhance customer convenience and efficiency. These include telephone banking, online banking with bill payment capabilities, mobile banking services, cash management solutions, and remote deposit capture services. The bank also provides debit and credit card services, ATM access, electronic transfers, and check processing.

As of June 30, 2022, Northeast Bank operates a network of seven branches strategically located throughout Maine, ensuring accessibility and personalized service for its clientele. The bank remains committed to fostering community development and economic growth by supporting local businesses and individual financial needs through its comprehensive banking solutions and customer-centric approach.

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