Northeast Bank

Overview / Commentary
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 662nd largest bank in the nation. It was established in 1872 and as of December of 2018, it had grown to 176 employees at 12 locations. Northeast Bank's money market rates are 3X the national average, and it boasts an A+ 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 Grade Components

FDIC Certificate #19690
Year Established1872
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.79%
Return on Equity - YTD13.27%
Annual Interest Income$73.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.19B$1.04B
LoansQ4 2018vs Q4 2017$934.6MM$776.0MM
DepositsQ4 2018vs Q4 2017$1.00B$868.1MM
Equity CapitalQ4 2018vs Q4 2017$166.9MM$145.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$5.3MM$4.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$10.6MM$17.3MM
Real Estate OwnedQ4 2018vs Q4 2017$1.5MM$912.00K
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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

0.10%$10-Youth Statement Savings
0.10%$100-Statement Savings
0.10%--Health Savings Account
0.10%$2-Holiday Club
0.10%$100-Business Statement Savings

Northeast Bank Money Market Rates

1.10%--Pearl Money Market Promo
1.10%--Business Pearl Money Market Promo
0.35%*$100k*-Personal Money Market
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $75k | 0.30% $75k - $100k
0.35%*$75k*-Business Money Market
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.25% $25k - $75k
0.35%*$100k*-Personal Money Market IRA
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $75k | 0.30% $75k - $100k

Northeast Bank Checking Account Rates

0.35%*$50k*-Northeast Express Gold
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k
0.25%$100-Municipal NOW
0.10%$100-Business NOW
0.05%$500-Northeast Express Plus
0.05%$500-Rewards 50

Northeast Bank CD Rates

1.40%$500$240k60 Month CD
1.00%$500$240k48 - 59 Month CD
0.85%$500$240k36 - 47 Month CD
0.40%$500$240k24 - 35 Month CD
0.20%$500$240k6 - 11 Month CD
0.20%$500$240k12 - 23 Month CD
0.10%$500$240kLess than 6 Months CD

Northeast Bank IRA Rates

1.40%$500$240k60 Month IRA
1.00%$500$240k48 - 59 Month IRA
0.85%$500$240k36 - 47 Month IRA
0.40%$500$240k24 - 35 Month IRA
0.20%$500$240k6 - 11 Month IRA
0.20%$500$240k12 - 23 Month IRA

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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