Northeast Bank is headquartered in Portland and is the 11th largest bank in the state of Maine. It is also the 779th largest bank in the nation. It was established in 1872 and as of December of 2020, it had grown to 165 employees at 11 locations. Northeast Bank's money market rates are 14% higher than the national average, and it has a B+ 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 | |
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FDIC Certificate # | 19690 |
Year Established | 1872 |
Employees | 165 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 2.35% |
Return on Equity - YTD | 17.26% |
Annual Interest Income | $79.8MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $1.23B$1.21B |
Loans | Q4 2020vs Q4 2019 | $991.8MM$997.7MM |
Deposits | Q4 2020vs Q4 2019 | $999.1MM$956.4MM |
Equity Capital | Q4 2020vs Q4 2019 | $182.0MM$163.4MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $9.9MM$5.4MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $23.8MM$12.9MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $2.9MM$2.5MM |
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 |
---|---|---|---|---|
0.15% | - | - | Prime Savings | |
0.15% | - | - | Prime Business Savings | |
0.10% | - | - | Health Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $50k* | - | Aspire Checking | ||
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k | |||||
0.10% | $100 | - | Business NOW |
Auburn Branches | ||
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Auburn Branch | 232 Center Street | Auburn, ME 04210 |
Augusta Branches | ||
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Augusta Branch | 235 Western Avenue | Augusta, ME 04330 |
Bethel Branches | ||
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Bethel Branch | 11 Main Street | Bethel, ME 04217 |
Brunswick Branches | ||
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186 Main Street Branch | 186 Maine Street | Brunswick, ME 04011 |
Buckfield Branches | ||
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Buckfield Branch | 2 Depot Street | Buckfield, ME 04220 |
Harrison Branches | ||
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Harrison Branch | 46 Main Street | Harrison, ME 04040 |
Poland Branches | ||
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Poland Branch | 1399 Maine Street | Poland, ME 04274 |
Portland Branches | ||
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Northeast Bank | 27 Pearl Street | Portland, ME 04101 |
Portland Branch | 27 Pearl Street | Portland, ME 04101 |
South Paris Branches | ||
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Oxford Hill Branch | 235 Main Street | South Paris, ME 04281 |