ABOUT US » Northeast Heritage

Northeast Bank opened its doors in 1872 as the former Bethel Savings Bank, to serve the banking needs of the communities of western Maine. Through a series of acquisitions and mergers, this local bank emerged as a leader in delivering objective financial advice in all areas of financial services in both Maine and now New Hampshire. This integrated one-stop shopping approach for banking, insurance and investments serves customers well as the financial marketplace grows ever more complex.

Northeast Bank President and CEO, Jim Delamater, has been at the helm since 1981, guiding the company through both geographic and product expansions. Positioning itself as a “trusted advisor”, the Bank's focus is, and always has been, on providing honest advice based solely on the individual needs of its customers. Adopting a “needs-based” philosophy, the company encourages its employees to listen to the customers, learn their needs and offer advice as though they “were in their financial shoes.”

Under Jim’s leadership the Company was taken public in 1987, creating what is today known as Northeast Bancorp, and trades on the NASDAQ under the symbol NBN. Northeast Bank, together with its wholly-owned subsidiary, Northeast Bank Insurance Group, Inc. operates 25 retail locations throughout western, central, midcoastal and southern Maine, as well as, Seacoast New Hampshire.

A leader in innovation, Northeast Bank was the first Maine savings bank to receive a trust charter, the first savings bank holding company in Maine to own and operate an insurance company, and the first Maine bank to offer health savings accounts. Committed to a new business model to diversify its revenue stream, Northeast continues to set the pace in community banking for today and for the future.