Northeast Bank Announces Appointment of Chief Financial Officer

Rhea-AI Summary

Northeast Bank (NASDAQ: NBN) has announced the hiring of Richard Cohen as Chief Financial Officer, effective February 1, 2024. Mr. Cohen brings extensive experience in the financial services industry, having previously worked at Grey Matter Thinking and KPMG. His appointment is expected to bring valuable expertise to the Bank.

PORTLAND, Maine, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), announced today the hiring of Richard Cohen, who will be appointed as Chief Financial Officer of the Bank, effective February 1, 2024. Mr. Cohen will succeed Chief Financial Officer Jean-Pierre Lapointe upon his departure from the Bank.

Mr. Cohen, 51, joins the Bank directly from Grey Matter Thinking, a professional services business that has specialized in banking since 2008, where he was the founder and Chief Executive Officer. Prior to that, he was a Partner in KPMG’s Financial Services Practice in Johannesburg and subsequently in London. Mr. Cohen holds two Bachelors’ degrees and one Master’s degree in Commerce, as well as a Postgraduate Diploma in Accounting. He is a qualified Chartered Accountant (CA(SA)), and a CFA Charterholder.

Northeast Bank President and Chief Executive Officer Rick Wayne said “Richard’s impressive background and breadth of experience in the financial services industry will make him a great fit for Northeast Bank. We welcome him to our team and look forward to his contributions to the Bank.”

About Northeast Bank

Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.

For More Information:
Rick Wayne, Chief Executive Officer
Northeast Bank
27 Pearl Street, Portland, ME 04101
207.786.3245 ext. 3203
www.northeastbank.com

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FAQ

Who is the new Chief Financial Officer of Northeast Bank?

Richard Cohen will be the new Chief Financial Officer of Northeast Bank, effective February 1, 2024.

Where did Richard Cohen work before joining Northeast Bank?

Richard Cohen previously worked at Grey Matter Thinking and KPMG in the financial services industry.

What degrees does Richard Cohen hold?

Richard Cohen holds two Bachelors’ degrees and one Master’s degree in Commerce, as well as a Postgraduate Diploma in Accounting.

What is Richard Cohen's professional qualification?

Richard Cohen is a qualified Chartered Accountant (CA(SA)) and a CFA Charterholder.

Who is the current President and Chief Executive Officer of Northeast Bank?

Rick Wayne is the current President and Chief Executive Officer of Northeast Bank.