Northeast Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.10%	Money Market	Pearl Money Market Promo 1.00% - Ally Bank Money Market Account
1.40%	5-year CD	60 Month CD 2.50% - Ally Bank High Yield 5 Year CD
0.20%	1-year CD	12 - 23 Month CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

View all Northeast Bank rates »

Overview / Commentary

www.northeastbank.com

207-786-3245

500 Canal Street
Lewiston, ME 04240

Northeast Bank is headquartered in Lewiston and is the 9^th largest bank in the state of Maine. It is also the 733^rd largest bank in the nation. It was established in 1872 and as of December of 2017, it had grown to 183 employees at 12 locations. Northeast Bank's money market rates are 3X the national average, and it has a B+ health rating.

Worst Bank Ever

Posted by: Tracy Fairman Garland | Oct 5, 2017

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.

Comment

1

Terrible! Avoid At All Costs.

Posted by: Jaime Mennealy | Aug 1, 2017

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.

Comment

1

Health

B+

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19690
Year Established	1872
Employees	183
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.54%
Return on Equity - YTD	11.6%
Annual Interest Income	$62.7MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$1.04B$1.01B
Loans	Q4 2017vs Q4 2016	$776.0MM$772.7MM
Deposits	Q4 2017vs Q4 2016	$868.1MM$855.4MM
Equity Capital	Q4 2017vs Q4 2016	$145.8MM$129.6MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$4.4MM$3.2MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$17.3MM$8.3MM
Real Estate Owned	Q4 2017vs Q4 2016	$912.00K$3.1MM

Rates

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

Northeast Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	Youth Statement Savings
0.10%	$100	-	Statement Savings
0.10%	-	-	Health Savings Account
0.10%	-	-	Holiday Club
0.10%	$100	-	Business Statement Savings

Northeast Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
1.40%	$500	$240k	60 Month CD
1.00%	$500	$240k	48 - 59 Month CD
0.85%	$500	$240k	36 - 47 Month CD
0.40%	$500	$240k	24 - 35 Month CD
0.20%	$500	$240k	6 - 11 Month CD
0.20%	$500	$240k	12 - 23 Month CD
0.10%	$500	$240k	Less than 6 Months CD

Northeast Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.40%	$500	$240k	60 Month IRA
1.00%	$500	$240k	48 - 59 Month IRA
0.85%	$500	$240k	36 - 47 Month IRA
0.40%	$500	$240k	24 - 35 Month IRA
0.20%	$500	$240k	6 - 11 Month IRA
0.20%	$500	$240k	12 - 23 Month IRA

Locations

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

Auburn Branches
Auburn Branch	232 Center Street	Auburn, ME 04210

Augusta Branches
Augusta Branch	235 Western Avenue	Augusta, ME 04330

Bethel Branches
Bethel Branch	11 Main Street	Bethel, ME 04217

Brunswick Branches
186 Main Street Branch	186 Maine Street	Brunswick, ME 04011

Buckfield Branches
Buckfield Branch	2 Depot Street	Buckfield, ME 04220

Harrison Branches
Harrison Branch	46 Main Street	Harrison, ME 04040

Lewiston Branches
Northeast Bank	500 Canal Street	Lewiston, ME 04240

Poland Branches
Poland Branch	1399 Maine Street	Poland, ME 04274

Portland Branches
Portland Branch	27 Pearl Street	Portland, ME 04101

South Paris Branches
Oxford Hill Branch	235 Main Street	South Paris, ME 04281

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