AUBURN, Maine, (March 12, 2024) - Northeast Bank (the “Bank”) (NASDAQ:  NBN), announced today that pending regulatory approval, it plans to open a new banking center at 836 Center Street in Auburn and close the existing Auburn banking center at 232 Center Street. Renovation of the new banking center has commenced with the move to the new location in June 2024. The new banking center is 1.4 miles from the current one and will provide customers an enhanced banking experience in a larger facility with state-of-the-art technology, a larger service area and improved customer parking. The current Auburn banking center sales team will continue to provide best-in-class banking support at the new facility.

“Northeast Bank is proud to continue our commitment to the Lewiston / Auburn region with a strong investment in our new Auburn location,” said Robert T. Banaski, Northeast Bank’s Chief Retail Banking Officer. “We are committed to creating an environment that is both welcoming and technologically advanced.”

The stand-alone banking center is undergoing an interior and exterior remodel, managed by NES Group of Mansfield, MA. with construction led by Auburn-based H.E. Callahan Construction Co.

Paul Cavolowsky, Vice President, and Sales Executive of NES Group also shared his enthusiasm for the project. "NES Group is proud to partner with Northeast Bank and H.E. Callahan Construction Co. on this exciting project. We are committed to delivering a top-quality banking center that reflects Northeast Bank’s vision and serves the community's banking needs."

The renovation is scheduled for completion in June 2024, at which time the Bank will host a grand opening event for customers and the public. Further details on the event will be announced closer to the completion date.

About Northeast Bank

Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven banking centers. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.