Business
Northeast Bank Mourns the Loss of Chairman Robert R. Glauber
PORTLAND, Maine, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the passing on February 14 of the Chairman of its
About this update from Northeast Bank
PORTLAND, Maine , Feb. 18, 2021 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the passing on February 14 of the Chairman of its Board of Directors, Robert R. Glauber . Mr. Glauber had served as Chairman of the Board since 2010, Chair of the Bank’s Governance Committee and a member of its Compensation Committee. Rick Wayne , President and Chief Executive Officer of the Bank, said “We are deeply saddened by the passing of Bob, who led our Board with a steady hand, a sharp mind and absolute integrity. He led by example and was a role model for all of us at Northeast Bank . Our most heartfelt condolences go out to his wife, his two children and their spouses, his friends, colleagues, and students around the world. He will be missed.” Mr. Glauber was a tenured professor at Harvard Business School at the start of his career and later an adjunct lecturer at Harvard’s Kennedy School . He directed the Brady Commission on the causes of the 1987 stock market crash and later became Under Secretary of the Treasury for Domestic Finance under President George H.W. Bush . Mr. Glauber also served as chief executive officer of NASD (now FINRA ). Over his career, Mr. Glauber served on numerous corporate and non-profit boards. 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 nine 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 . NBN-F For More Information: Jean-Pierre Lapointe , Chief Financial Officer Northeast Bank , 27 Pearl Street , Portland, ME 04101 207.786.3245 ext. 3220 www.northeastbank.com Source: Northeast Bank