PPP lender · derived table
Northeast Bank (Lewiston, ME)
Profile → Northeast Bank
Northeast Bank, headquartered in Lewiston, Maine, is one of two separately chartered banks that SBA's PPP loan-level file lists under that name, told apart through bank regulators' 2020–21 call-report rosters. The file's records for this bank show 34,679 loans and $3.3 billion in approved dollars, an average of $96,067 a loan. That is 0.3% of the 11,468,171 loans in our per-lender totals. Borrowers on those loans reported 383,824 jobs, 11.1 a loan, and $8,680 of approved dollars for each reported job. The Northeast Bank page adds the two banks together.
Totals
| Headquarters (call-report roster) | Lewiston, Maine |
| FDIC certificate | 19690 |
| Federal Reserve RSSD ID | 468806 |
| SBA lender location IDs | 29599 |
| Loans | 34,679 |
| Approved dollars | $3,331,509,186.58 |
| Average loan | $96,067.05 |
| Share of program loans | 0.3024% |
| Rank by approved dollars | Not ranked: ranks in this archive are by SBA lender name |
| Rank by loan count | Not ranked: ranks in this archive are by SBA lender name |
| Jobs reported | 383,824 |
| Jobs per loan | 11.0679 |
| Approved dollars per reported job | $8,679.78 |
| Borrowers | 33,166 |
| Loans per borrower | 1.046 |
| Lender type (archive classification) | Fintech / BaaS bank |
| Modeled processing fees | $161,479,816.49 |
| Modeled fees, 2020 first-draw loans | $20,211,209.16 |
| Modeled fees, 2021 first-draw loans | $19,168,246.07 |
| Modeled fees, 2021 second-draw loans | $122,100,361.26 |
| Modeled fee per loan | $4,656.42 |
| Rank by modeled fees | Not ranked: ranks in this archive are by SBA lender name |
Another bank with the same name
The SBA file uses this name for more than one bank. 773 loans ($155.5 million) that the SBA file lists under this name at lender location 38406 (Minneapolis, MN) were made by Northeast Bank of Minneapolis (FDIC certificate 16659), a different bank from Northeast Bank of Lewiston, Maine, whose loans are at location 29599; 767 of the Minneapolis loans went to borrowers in Minnesota.
These loans are counted in the totals above.
Named in the archive
11 pages in the archive carry this name in a title or description. The match is on the page title and description, not a finding about the lender's role in the case.
Cases
Each case below is listed because a filing in it carries this lender's name in its title or description; the listing is not a finding against the lender.
- United States v. Eric Dean Sheppard — S.D. Fla., No. 1:22-cr-20290-BB1 filing listed below
Filings and documents
| Date | Page | Section |
|---|---|---|
| Northeast Bank Announces Sale of Paycheck Protection Loans | Source documents | |
| Board of Directors — Northeast Bank | Source documents | |
| NEWITY Now Offering SBA 7(a) Loans up to $250,000 (September 13, 2022) | Source documents | |
| Nineteen months after PPP's fade, a Maine bank reaps a windfall | Source documents | |
| Northeast Bank Announces Sale of Paycheck Protection Program Loans (June 25, 2020) | Source documents | |
| Northeast Bank Announces Sale of Paycheck Protection Program Loans | Source documents | |
| Northeast Bank Announces Sale of Paycheck Protection Program Loans | Source documents | |
| Northeast Bank Reports Fourth Quarter Results, Record Annual Earnings and Declares Dividend (July 28, 2021) | Source documents | |
| Small-business loan servicer pivots away from PPP | Source documents | |
| Small-business loan servicer pivots away from PPP | Source documents | |
| 2025-02-25 | Transcript of Trial Day 6 as to Eric Dean Sheppard held on 12/5/2023 — USA v. Sheppard (Dkt. 312, S.D. Fla.) | Court filings |
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30), summed over the loans whose originating-lender location IDs were matched by name, state and city to this bank in the FFIEC call-report rosters (2020 Q2 to 2021 Q4); ranks in this archive are by SBA lender name, so this page carries none. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed. The per-lender totals page has the full method.