MaineBusiness.com

Auburn, MAINE (March 19, 2009) – Amidst the down turned economy and layoffs happening around the county, Northeast Bank is still going strong announcing a new addition to the Northeast Bank Insurance Group Team, Kathy Anderson. Kathy is located at the Auburn location at 232 Center Street.

“Even though the market is down, I’m very pleased that we continue to have the diversity of service and products for our customers, which provides us the opportunity to continue to grow. As a one-stop shop for financial products, we are always looking for top talent and potential in our employees. Kathy will be a valuable addition to our business community and customers” says Craig Sargent, President of Northeast Bank Insurance Group, Inc.

A graduate of University of Wisconsin-Eau Claire, Kathy will be working in the personal lines department and working towards achieving her agent’s license within the year. Kathy is a resident of Topsham.

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 $619 million in assets as of December 31, 2008 and derives its income from a combination of traditional banking services and non-traditional financial products and services including insurance and investments; operating eleven traditional bank branches, fourteen insurance offices and three investment centers that serve seven counties in Maine and two in New Hampshire. Information regarding Northeast Bank can be found on its website at www.northeastbank.com or by contacting 1-800-284-5989.

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