Northeast Bancorp : Bank Announces Appointment of Cheryl Brandt as Vice President, Retail Market Manager

Northeast Bank announced today that banking industry veteran Cheryl Brandt has joined the bank as Vice President, Retail Market Manager.

Ms. Brandt will manage the bank's retail network including the Portland-based banking center at 27 Pearl Street, as well as oversee nine additional locations across western, central, and southern Maine. With a diversified background in executive recruiting, retail banking management and community relations, Cheryl will work with the sales and service teams to support customer needs and increase deposits throughout the bank's footprint.

'With over 30 years of community banking experience, Cheryl has the knowledge and expertise needed to manage our retail banking network,' said Robert Banaski, Senior Vice President, Director of Community Banking. 'We welcome her to our team and look forward to her contributions as we grow our customer base in the years to come.'

Ms. Brandt joins the bank from Pemberton & Associates where she served as Senior Vice President and Executive Recruiting Consultant. Prior to Pemberton & Associates, Ms. Brandt was the Chief Retail Banking Officer at Kennebec Savings Bank in Augusta, where she oversaw the retail banking, trust and wealth management divisions. Ms. Brandt earned her bachelor's degree in Finance from University of Baltimore, Maryland and attended Fairfield University's National School of Banking.

About Northeast Bancorp

Northeast Bancorp (NASDAQ: NBN) is the holding company for Northeast Bank, a full-service bank headquartered in Lewiston, Maine. We offer personal and business banking services to the Maine market via ten branches. Our Loan Acquisition and Servicing Group purchases and originates commercial loans on a nationwide basis and our SBA Division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.