Northeast Bank


Overview / Commentary
207-786-3245
500 Canal Street
Lewiston, ME 04240

Northeast Bank is headquartered in Lewiston and is the 9th largest bank in the state of Maine. It is also the 692nd largest bank in the nation. It was established in 1872 and as of June of 2019, it had grown to 174 employees at 12 locations. Northeast Bank's money market rates are 5X the national average, and it has a B+ health rating.

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Reviews (2)

Worst Bank Ever

Applied for a small business loan.
They didn't bother reading my application.
They advertised to finance hotels and rv parks....dont bother. They don't finance any of that.
They were rude during loan application.
Wasted my time.

Steer clear of this bank

Limelights Hair Color Studio Inc.

Terrible! Avoid At All Costs.

Stay away from Northeast Bank. I was approved for a mortgage. Provided the $500 deposit. When the appraisal was ordered, the appraiser completely missed the fact that the house had a basement, which clearly makes a difference in the value of the home. I wanted (and was owed) a valid appraisal. I requested the appraisal be redone to include the basement, with laundry room and bath. They refused, the customer service was terrible and they would not refund my money. I have never been treated so unprofessionally.

In the end, I switched banks, got a valid appraisal and bought the home, but lost a lot of time and energy in the process thanks to Northeast's ineptitude and all around poor (if not suspect) business practices. I will never work with Northeast Bank and suggest you do the same.



Health
B+

Health Grade Components

Overall
FDIC Certificate #19690
Year Established1872
Employees174
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.89%
Return on Equity - YTD13.73%
Annual Interest Income$42.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.15B$1.16B
LoansQ2 2019vs Q2 2018$973.3MM$874.0MM
DepositsQ2 2019vs Q2 2018$960.0MM$972.1MM
Equity CapitalQ2 2019vs Q2 2018$153.6MM$155.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$5.7MM$4.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$13.8MM$7.9MM
Real Estate OwnedQ2 2019vs Q2 2018$2.0MM$2.2MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Northeast Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northeast Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Prime Savings
0.25%--Business Prime Savings
0.10%--Health Savings Account

Northeast Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%*$250k*-Personal Growth Money Market
OTHER TIERS: 0.50% Up to $50k | 1.10% $50k - $101k | 1.45% $100k - $200k | 1.75% $200k - $250k
2.10%*$250k*-Business Growth Money Market
OTHER TIERS: 0.50% Up to $50k | 1.10% $50k - $101k | 1.45% $100k - $200k | 1.75% $200k - $250k
1.10%--Value Money Market
1.10%--Business Value Money Market

Northeast Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-Aspire Checking
OTHER TIERS: 0.05% Up to $10k | 0.15% $10k - $50k
0.10%$100-Business NOW
Locations


Cities: Auburn, Augusta, Bethel, Brunswick, Buckfield, Harrison, Lewiston, Poland, Portland, South Paris

Auburn Branches
Auburn Branch232 Center StreetAuburn, ME 04210

Augusta Branches
Augusta Branch235 Western AvenueAugusta, ME 04330

Bethel Branches
Bethel Branch11 Main StreetBethel, ME 04217

Brunswick Branches
186 Main Street Branch186 Maine StreetBrunswick, ME 04011

Buckfield Branches
Buckfield Branch2 Depot StreetBuckfield, ME 04220

Harrison Branches
Harrison Branch46 Main StreetHarrison, ME 04040

Lewiston Branches
Northeast Bank500 Canal StreetLewiston, ME 04240

Poland Branches
Poland Branch1399 Maine StreetPoland, ME 04274

Portland Branches
Portland Branch27 Pearl StreetPortland, ME 04101

South Paris Branches
Oxford Hill Branch235 Main StreetSouth Paris, ME 04281

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