Northeast Bancorp Announces Appointment of Chief Financial Officer and Treasurer
January 14 2015 - 2:15PM
Northeast Bancorp (the "Company") announced today that Brian W.
Shaughnessy has been appointed as the Company's Chief Financial
Officer and Treasurer, effective January 14, 2015. Mr. Shaughnessy
will succeed Claire S. Bean, who will retain her responsibilities
as the Company's Chief Operating Officer.
Mr. Shaughnessy joins the Company directly from KPMG LLP where
he worked since 2005 and served as a Senior Manager in their
banking audit practice. His responsibilities at KPMG LLP
included providing professional audit services to clients in the
financial services sector. Mr. Shaughnessy is a certified
public accountant and received a B.S. and a M.S. in Accountancy
from Bentley University.
Northeast Bancorp President and Chief Executive Officer Richard
Wayne said, "Brian's impressive background and breadth of
experience in the financial services industry will make him a great
fit for Northeast Bancorp. We welcome him to our team and look
forward to his contributions to the Company."
About Northeast Bancorp
Northeast Bancorp (Nasdaq:NBN) is the holding company for
Northeast Bank, a full-service bank headquartered in Lewiston,
Maine. Northeast Bank offers traditional banking services through
its Community Banking Division, which operates ten full-service
branches and two loan production offices that serve individuals and
businesses located in western and south-central Maine and southern
New Hampshire. Northeast Bank's Loan Acquisition and Servicing
Group purchases and originates commercial loans for the Bank's
portfolio. In addition, the Small Business Lending division
supports the needs of growing businesses nationally to allow them
to purchase the products, facilities and equipment they need.
ableBanking, a division of Northeast Bank, offers savings products
to consumers online. Information regarding Northeast Bank can be
found on its website at www.northeastbank.com.
CONTACT: Claire S. Bean, Chief Operating Officer
Northeast Bancorp, 500 Canal Street, Lewiston, ME 04240
207.786.3245 ext. 3202
www.northeastbank.com
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