Northeast Bank to close Buckfield branch
Northeast Bank (Nasdaq: NBN) plans to close its branch in Buckfield, leaving the Oxford town of 2,000 without a retail banking location.
The Portland-based bank on Thursday notified the Maine Bureau of Financial Institutions of plans to close the branch located at 2 Depot St. in Buckfield.
Northeast did not provide a reason or timing for the closure and did not immediately return calls seeking comment.
The nearest other Northeast branch is in South Paris, about 10 miles away. Northeast also operates branches in Auburn, Augusta, Bethel, Brunswick, Poland and Portland.
The bank, founded in 1872 in Bethel, had assets of $1.46 billion as of Dec. 31, 2021. Northeast employs more than 180 people.
Shares of the bank's stock were trading at roughly $34.30, up 0.56%, in morning trading on Nasdaq. The stock has gained 26.4% over the past year.
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