Hired as Regional Vice President of Commercial Lending
in LewistonLEWISTON, Maine, September 9, 2005-Northeast Bank is pleased to announce the addition of Timothy J. Tower of Cape Elizabeth, as Regional Vice President and Commercial Loan Officer for its Lewiston / Auburn market and will be located at 500 Canal Street, where he will be responsible for portfolio management and commercial loan administration. Tower joins Northeast with over 15 years of experience in banking, having worked in various commercial lending functions for several banks, including Fleet Bank, Casco Northern Bank and, most recently, Norway Savings Bank, covering York and Cumberland Counties.Tower's responsibilities have included Business Development, Credit Analysis, and Risk Management.He
brings to Northeast
Bank experience with Family-Owned Business Issues, Retirement Planning, and Asset Management.In addition to his work experience, Tower has been an instructor with the Center for Financial Training teaching commercial real estate finance courses.Tower is a graduate of Holy Cross College in Worcester, MA with a degree in Economics.He
completed further studies in International Finance at City University
in London, England.He
lives in Cape Elizabeth with his
wife and two children, and is active in the community as a member of the Portland Rotary Club and a past board member of the Greater Portland March of Dimes.
Bank is a wholly owned subsidiary of Northeast
Bancorp (AMEX: NBN); has over $576 million in assets as of June 30, 2005 and has 21 retail and insurance locations serving the financial needs in western, central and mid-coast Maine.Information regarding Northeast
Bank can be found on its website at www.northeastbank.com or by contacting 1-800-284-5989.
release photoTim Tower