Northeast Bank Goes Mobile, Launches Mobile Banking and iPhone App

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For Northeast Bank customers the world is their home now with the launch of mobile banking for personal banking customers, including a new application for iPhone® users.

Mobile Banking iPhone App

The research I'm seeing indicates that over 35% of households will be using mobile banking in some fashion by 2010. Our goal is to stay ahead of this trend and make sure we have the tools our customers need to do their banking on the go

For Northeast Bank customers the world is their home now with the launch of mobile banking for personal banking customers, including a new application for iPhone® users. Customers can safely access their accounts, transfer funds, and search for branches or ATMs using their web-enabled cell phones.

"The research I'm seeing indicates that over 35% of households will be using mobile banking in some fashion by 2010. Our goal is to stay ahead of this trend and make sure we have the tools our customers need to do their banking on the go," said Chris Delamater, Vice President and Marketing Director at Northeast Bank. "Northeast has always been innovative, and we're proud to be one of the first community banks in Maine with an iPhone app."

Northeast Bank's mobile banking provides full service for its personal banking customers through its robust online banking system. Customers need to be signed up for Northeast Online, and once signed up, mobile banking is a free service offered to those customers. Aside from the typical options like checking balances and transferring funds, customers with mobile banking can also sign up for alerts and have a text message automatically sent to them when their balance falls below a certain amount, or when their paycheck is direct deposited. Mobile Banking also has added multiple layers of authentication, in an effort to ensure customer transactions are made safety and securely.

To learn more about Northeast Bank's mobile banking service and the new iPhone app, visit http://www.northeastbank.com/mobilebanking for full details.

About Northeast Bank
Northeast Bank, a leader in delivering one-stop shopping for financial services, is headquartered in Lewiston, Maine and is a wholly-owned subsidiary of Northeast Bancorp (NASDAQ: NBN). The Company has approximately $607 million in assets as of March 31, 2009 and derives its income from a combination of traditional banking services and non-traditional financial products and services including insurance and investments; operating eleven traditional bank branches, fourteen insurance offices and three investment centers that serve seven counties in Maine and two in New Hampshire. Information regarding Northeast Bank can be found on its website at http://www.northeastbank.com or by contacting 1-800-284-5989.

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Contact:
Chris Delamater, Director of Marketing
207-786-3245 ext. 3548

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Chris Delamater
Northeast Bank
207-786-3245 ext. 3548
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