Northeast Bank is headquartered in PORTLAND and is the 4th largest bank in the state of Maine. It is also the 402nd largest bank in the nation. It was established in 1872 and as of March of 2023, it had grown to 179 employees at 9 locations. Northeast Bank's savings rates are 9X the national average, and it has an A health rating.
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.
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.
Overall | |
---|---|
FDIC Certificate # | 19690 |
Year Established | 1872 |
Employees | 179 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.76% |
Return on Equity - YTD | 18.3% |
Annual Interest Income | $53.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $2.87B$1.57B |
Loans | Q1 2023vs Q1 2022 | $2.50B$1.23B |
Deposits | Q1 2023vs Q1 2022 | $2.15B$1.28B |
Equity Capital | Q1 2023vs Q1 2022 | $283.9MM$247.5MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $7.1MM$5.8MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $8.8MM$13.6MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.50% | - | - | PROPEL Plus Savings | ||
4.50%* | $250k* | - | High Yield Savings - 50% New Money | ||
OTHER TIERS: 4.00% → Up to $250k | |||||
2.00% | - | - | Health Savings Account | ||
0.05% | - | - | PROPEL Fusion Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.40% | - | - | Value Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
5.25% | $5k | - | 12 Month CD Special -New Money | |
4.75% | $5k | - | 6 Month CD Special- New Money |
Northeast Bank Locations | ||
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Bethel Branch | 11 Main Street | Bethel, ME 04217 |
Poland Branch | 1399 Maine Street | Poland, ME 04274 |
186 Main Street Branch | 186 Maine Street | Brunswick, ME 04011 |
Auburn Branch | 232 Center Street | Auburn, ME 04210 |
Oxford Hill Branch | 235 Main Street | South Paris, ME 04281 |
Augusta Branch | 235 Western Avenue | Augusta, ME 04330 |
Northeast Bank | 27 Pearl St | Portland, ME 04101 |
Portland Branch | 27 Pearl Street | Portland, ME 04101 |