January 26, 2024 . Northeast Bank (NASDAQ: NBN) is pleased to announce the appointment of Christine Downey as its new Chief Risk Officer. Ms. Downey brings nearly 30 years of experience in the financial industry to Northeast Bank. Before joining Northeast Bank, she held pivotal roles at Fidelity Investments, Century Bank, Northern Bank & Trust Company, and most recently served as the Managing Director, Risk Consulting at Strategic Risk Associates.
Northeast Bank (NASDAQ: NBN) is a full-service financial institution based in Maine. Established in 1872, Northeast Bank is ranked #14 in the Top 25 Banks in the United States and #9 out of 122 banks in the $1 billion to $5 billion category. Through its Community Banking group, Northeast Bank offers personal banking products such as checking, savings, money market, and other deposit accounts, as well as credit card accounts, residential mortgages, and personal loans. Northeast Bank utilizes their Community Banking deposits to fund a national lending strategy, originating and purchasing commercial real estate loans nationally. In FY 2023, the Bank completed $1.7B in loans originated and purchased with collateral held in 44 states. The successful recruitment of Ms. Downey for this role was overseen by Cameron Boyd, Managing Partner, and Moriah Maron, Consultant.