CEOcast.com Interview Focuses On Northeast Bancorp's Successful Long-term Growth Strategies.Business Editors AUBURN, Maine--(BUSINESS WIRE)--Jan. 16, 2001 Northeast Bancorp announced its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President, Jim Delamater, addressed a worldwide Internet audience during an interview with CEOcast.com, a leading financial information site. In the interview, Delamater attributes the success of the Maine-based company to a long-term growth strategy to develop product diversity and to become a full-service financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization, while continuing to manage interest rate risk and credit risk. Delamater also discusses the bank's unique position as a unitary unitary pertaining to a single object or individual. savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. and its strategy of needs-based selling to its clients. A link to the interview is available directly through CEOcast at http://www.ceocast.com. Northeast Bancorp, through Northeast Bank and the Bank's subsidiary, Northeast Financial Services, Inc., provides a broad range of traditional banking services and financial services to individuals and companies in western, mid-coastal and central Maine. Certain information included in this communication (as well as information included in oral statements by Northeast Bancorp) contains statements that are forward looking. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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