Janice Wescott is currently the VP, Senior Loan Officer at Reliant Mortgage and has enjoyed an incredibly successful mortgage career spanning 25 years and is recognized as one of the area’s favorite mortgage professionals despite being a life long resident of Windham, Maine and not having a full-time office in the area. Wescott recognized that Androscoggin County desperately needed a better and more competitive lending environment but her senior position at Reliant Mortgage requires her to travel throughout the state every week. Wescott has single handily branded the image of the Adirondack chair and motto “It’s Like a Day at the Beach working with my TEAM!” with mortgage financing here in Maine.

Brendan Fontaine, an Auburn resident and attorney before joining the mortgage banking industry in 2006 is a licensed banker in Maine and New Hampshire and has managed his own successful mortgage branch operation since 2007. He brings his loyal and exceptionally talented team of Jason Gagnon and Kyle Gabri to Reliant Mortgage. Fontaine shares Wescott’s excitement of what this TEAM has to offer home buyers and home owners looking to refinance their homes. Fontaine states;

“Finally I can truly offer to my clients, friends and colleagues a company and level of service that can do it all and better than I thought possible! We’ve found what we’ve been missing and fortunately for everyone, L/A’s lending environment just became very competitive literally overnight and we cannot wait to show everyone why we should now be their first call for all of their mortgage financing needs. Our loans will now be processed and underwritten right here and decision times are less than 24 hours. No one can beat that!”

Reliant Mortgage processes and underwrites every loan in-house. Reliant offers Maine State Housing, USDA, FHA, FHA 203K, VA, Conventional, Jumbo and Reverse Mortgage financing. Reliant Mortgage Company, LLC. is a licensed mortgage banker in MA, NH, CT, VT, ME, RI, and FL. Since it’s inception in 2000, Reliant has originated and funded loans in excess of 4 billion dollars, and is one of the most successful privately held mortgage banking companies in the New England market. As a true mortgage banker, Reliant makes its own credit decisions and funds loans directly from its own capital resources. This level of control gives consumers a decided edge when doing business with Reliant. Currently, Reliant has over 100 experienced and professional Loan Officers, a processing/underwriting/funding team of dedicated professionals, an in-house technology department, a full service secondary marketing department and other critical departments including finance, human resources, marketing and New England Title, an in-house title company.

Janice Wescott:  207-831-9272 ; Brendan Fontaine:  207-619-4179

Northeast Bank has been growing their mortgage division over the past year, creating new jobs to meet the demand for mortgages and serve buyers and sellers in the market.

“Frank has over 40 years experience in dealing with the real estate industry, which makes him an invaluable resource for his clients given his ability to match products with needs and his long term knowledge of the industry,” says Skip Trafton, Director of Mortgage Sales for Northeast Bank.

Dumais attended the University of Southern Maine and is the President-Elect of the Rotary Club of Biddeford-Saco and currently resides in Saco.

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 $644 million in assets as of December 31, 2010 and operates 23 retail outlets, including 10 bank branches, 10 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. Find NEB on Facebook * Join the NEB group on LinkedIn * Join NEB on Twitter: @northeast_bank * Check out the NEB YouTube Channel

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“This is an exciting change for me. Northeast is committed to growing its mortgage division and will provide me with more tools and a wider array of mortgage solutions for my customers, including FHA and other specialty type loans,” said Becky. “In today’s market it is imperative that borrowers have access to the best financing package to meet their needs and goals.”

Over the past year, Northeast Bank has been expanding its mortgage lending division to handle the increased capacity; creating new jobs and hiring 12 mortgage loan officers and specialists to serve their existing and growing customer base. In addition, the company continues to add to its menu of products that include both state and national level lending programs.

“Becky has a proven track record of experience and success as a mortgage specialist. We are fortunate to have her on our team. She is a real jewel and with nearly two decades in the industry, will be a true asset to our company and to our customers,” says Jim Delamater, President and CEO of Northeast Bank.

Becky is a former board member of the Oxford Hills Chamber of Commerce and is currently taking courses at the Real Estate Learning Group. She resides in South Paris. Becky can be reached at 207.890.3449 or via email at bmason@northeastbank.com.

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 $629 million in assets as of September 30, 2010  and operates 23 retail outlets, including 10 bank branches, 11 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. Find NEB on Facebook * Join the NEB group on LinkedIn * Join NEB on Twitter: @northeast_bank * Check out the NEB YouTube Channel

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In the midst of Northeast Bank’s recent expansion, the company has exceeded its original plan of creating 10 new positions to handle the increased mortgage volume. So far this year, the bank has hired 14 new mortgage loan officers and continues to add positions within its mortgage division.

“Shannon has years of experience as a renovation specialist and senior loan officer, which will make him a valuable asset to our mortgage team and our customers in this economic climate,” says Marcel Blais, Senior Vice President & COO of Northeast Bank.

Odom is also a member of the Greater Bangor Association of Realtors & the Mid-Coast Board of Realtors. He resides in Brewer, ME.

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 $612 million in assets as of December 31, 2009 and operates 23 retail outlets, including 10 bank branches, 12 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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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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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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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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