Portland, MAINE (February 22, 2010) – Due to the expansion of its Mortgage division, Northeast Bank announces the hiring of Scott Blake as a new Mortgage Loan Officer serving the Cumberland County area.

Northeast Bank announced earlier this month that it has created 10 new positions to handle the increase in demand for mortgages, due in part to the expansion and extension of the Home Buyer Tax Credit program signed into effect recently for people buying homes from December 31, 2009 to June of 2010.

“Scott has been in the business for 18 years and brings a wealth of experience to our team,” Says Marcel Blais, Senior Vice President & COO of Northeast Bank. “His knowledge of the industry and experience with mortgage loans will provide an invaluable resource for our customers and other team members serving the Portland market.”

Blake earned a Bachelor of Science in Broadcasting from Ithaca College in NY and was an active participant in the Maine Housing Authority task forces. He has also won an “Excellence in Operations” Award for his work in the industry. He resides in Windham.

About Northeast Bank

Northeast Bank, a leader in delivering one-stop shopping for financial services, is headquartered in Lewiston, Maine and is a wholly-owned subsidiary of Northeast Bancorp (NASDAQ:  NBN). The Company has approximately $604 million in assets as of September 30, 2009 and operates 26 retail outlets, including 11 bank branches, 15 insurance offices and 3 financial centers serving the financial needs of western, central, mid-coastal and southern Maine, as well as seacoast New Hampshire. Information regarding Northeast Bank can be found on its website at www.northeastbank.com or by contacting 1-800-284-5989.

Fan NEB on Facebook ³ Join the NEB group on LinkedIn ³ Follow NEB on Twitter: @northeast_bank ³ Check out the NEB YouTube Channel

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Waterville, MAINE (February 08, 2010)- Northeast Bank announces the hiring of Edward C. Oliver as its new Mortgage Loan Officer serving the Central Maine Market.

Northeast Bank announced earlier this month that it has created 10 new positions to handle the increase in demand for mortgages, due in part to the expansion and extension of the Home Buyer Tax Credit program signed into effect recently for people buying homes from December 31, 2009 to June of 2010.

“Ed has over 30 years experience in financial services and has always been an active member of his community which makes him a valuable addition to our company’s team,” says Marcel Blais, Senior Vice President & COO of Northeast Bank. “We’re thrilled to have him on board to expand our mortgage division and serve our customers in the area.”

Oliver has a Bachelor of Science degree in Marketing from Husson College and is active in the Kennebec Valley Board of Realtors, the Mid Maine Chamber of Commerce, and the Waterville Rotary Club. Ed also has been a member of the Sidney Volunteer Fire Department since 1994 and was elected Fire Fighter of the Year by the Sidney Fire Department in 2000. He resides in Sidney with his wife and four daughters.

About Northeast Bank

Northeast Bank, a leader in delivering one-stop shopping for financial services, is headquartered in Lewiston, Maine and is a wholly-owned subsidiary of Northeast Bancorp (NASDAQ:  NBN). The Company has approximately $604 million in assets as of September 30, 2009 and operates 26 retail outlets, including 11 bank branches, 15 insurance offices and 3 financial centers serving the financial needs of western, central, mid-coastal and southern Maine, as well as seacoast New Hampshire. Information regarding Northeast Bank can be found on its website at www.northeastbank.com or by contacting 1-800-284-5989.

Fan NEB on Facebook ³ Join the NEB group on LinkedIn ³ Follow NEB on Twitter: @northeast_bank ³ Check out the NEB YouTube Channel

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Augusta, MAINE (January 15, 2010)- Northeast Bank announces the hiring of Mike Bechard as a new Mortgage Loan Officer at its Augusta location.

Northeast Bank announced earlier this month that it has created 10 new positions to handle the increase in demand for mortgages, due in part to the expansion and extension of the Home Buyer Tax Credit program signed into effect recently for people buying homes from December 31, 2009 to June of 2010.

As part of the bank’s expansion, Bechard will serve customers in the Augusta area in getting residential mortgages.

“Mike has many years of experience as a Mortgage Loan Officer and we are thrilled to have him as part of our team in Augusta. He will be a valuable asset for our mortgage business and our customers in the Augusta market,” says Marcel Blais, Senior Vice President & COO of Northeast Bank.

Bechard, who resides in Pittston, holds a Bachelor of Science in Accounting from Husson College and is a member of the Planning Board for the town of Pittston. He is also a member of the Gardiner Cal Ripken Board.

About Northeast Bank

Northeast Bank, a leader in delivering one-stop shopping for financial services, is headquartered in Lewiston, Maine and is a wholly-owned subsidiary of Northeast Bancorp (NASDAQ: NBN). The Company has approximately $604 million in assets as of September 30, 2009 and operates 26 retail outlets, including 11 bank branches, 15 insurance offices and 3 financial centers serving the financial needs of western, central, mid-coastal and southern Maine, as well as seacoast New Hampshire. Information regarding Northeast Bank can be found on its website at www.northeastbank.com or by contacting 1-800-284-5989.

Fan NEB on Facebook * Join the NEB group on LinkedIn * Follow NEB on Twitter: @northeast_bank *  Check out the NEB YouTube Channel

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