Bailout Bank Bio: Northeast Bancorp (Northeast Bank)

May 29, 2009 | 1 min read | Print Article

Northeast Bancorp is a bank holding company for Northeast Bank, headquartered in Lewiston, Maine. The bank operates 11 banking branch offices. In December 2008, Northeast Bancorp entered into an agreement with the U.S. Treasury Department under which it exchange 4,227 shares of the company’s preferred stock for $4.227 million in cash.

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Bailout Bank Bio: Northesat Bancorp (Northeast Bank)


Federal Equity Investment	$4.227 million
Total Revenue	$46.2 million
Net Income	$1.93 million
Number of Employees	226
Corporate Headquarters	Lewiston, Maine
Business Sector	Bank
Officers and Directors	Delamater, James, President, Chief Executive Officer, Director of the Company and the Bank Kelley, Judith, Chairman of the Board Other Officers and Directors
Corporate Website	http://www.northeastbank.com
Executive Compensation	Northeast Bancorp