Financial Services >> CEO Interviews >> October 5, 2009
JIM DELAMATER has served as the leader of Northeast Bank, Northeast Bancorp and all related companies since 1981. During Mr. Delamater's tenure, the company has grown from one community bank with $18 million in assets, 10 employees and limited services to a corporation with assets of over $588 million - as of December 31, 2007 - more than 230 employees and 25 retail business outlets. In addition to being a board member of Northeast Bancorp and its subsidiaries, Mr. Delamater sits on two corporate boards, Syris Scientific and Oxford Networks. He also serves on the MEREDA board of directors and is a past Chairman of both the Maine Bankers Association and the Maine Association of Community Bankers. Mr. Delamater is also a published author, releasing The Great American Mismatch. Born in Lewiston, Mr. Delamater graduated from Oxford Hills High School and received a nomination to the U.S. Air Force Academy from the State of Maine. He served in the U.S. Air Force and later attended the University of South Carolina and University of Southern Maine. Mr. Delamater resides in Oxford with his wife, Jean, and has two grown sons, Christopher and Matthew, and two grandsons, Ayden and Brady. Profile
TWST: Let's start off with a general overview and a summary of Northeast Bancorp.
Mr. Delamater: Our company has been around a long time; we've been in existence since 1872. I joined the company in
