Northeast Bank
FDIC #19690
📍 Portland, Maine
Northeast Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 02/05/1872. With assets of $2.88 Billion, it operates 9 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2023
Satisfactory
September 1, 2019
Satisfactory
December 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$2.88 Billion
Total Deposits$2.00 Billion
Equity Capital$311.57 Million
Net Income$39.78 Million
📈 Performance
ROA1.86%
ROE18.36%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established02/05/1872
FDIC Cert19690
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2021
Relocation
Moved HQ to: 27 Pearl Street, Portland, ME 04101.
2006
Relocation
Moved HQ to: 500 Canal Street, Lewiston, ME 04240.
2004
Name Change
Name became: Changed Institution Name To Northeast Bank.
2004
Relocation
Moved HQ to: 158 Court Street, Auburn, ME 04210.
1997
Merger / Acquisition
Acquired: Cushnoc Bank And Trust Company