Northeast Bank Announces Appointment of Chief Financial Officer
PORTLAND, Maine, Jan. 24, 2024 (GLOBE NEWSWIRE) — Northeast Bank (NASDAQ: NBN) is pleased to announce the hiring of Richard Cohen as the Chief Financial Officer, effective February 1, 2024. Mr. Cohen will succeed Jean-Pierre Lapointe, the current CFO, who will be departing from the bank.
Richard Cohen, 51, joins Northeast Bank from Grey Matter Thinking, a professional services business specializing in banking since 2008, where he served as the founder and CEO. With his extensive experience in the financial services industry, including his previous role as a Partner at KPMG’s Financial Services Practice, Mr. Cohen brings valuable expertise to Northeast Bank. He holds two Bachelor’s degrees and a Master’s degree in Commerce, along with a Postgraduate Diploma in Accounting. He is a qualified Chartered Accountant (CA(SA)) and a CFA Charterholder.
In response to the appointment, the President and CEO of Northeast Bank stated, Richard’s impressive background and breadth of experience in the financial services industry will make him a great fit for Northeast Bank. We welcome him to our team and look forward to his contributions to the Bank.
Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. The bank offers a range of personal and business banking services through its seven branches. Its National Lending Division purchases and originates commercial loans nationwide, while ableBanking, a division of Northeast Bank, provides online savings products to consumers across the country. Additional information about Northeast Bank can be found at www.northeastbank.com.
With the appointment of Richard Cohen as the new Chief Financial Officer, Northeast Bank demonstrates its commitment to bringing in top talent to drive its financial operations forward. Mr. Cohen’s background and expertise are expected to strengthen the bank’s financial services offerings and contribute to its continued success.
The hiring of Richard Cohen reflects Northeast Bank’s strategy to attract industry professionals with a deep understanding of the financial services sector. This appointment is seen as a positive step towards achieving the bank’s growth objectives and enhancing its position in the market.
As the new Chief Financial Officer, Mr. Cohen will be responsible for overseeing Northeast Bank’s financial operations, ensuring sound financial management, and supporting the bank’s strategic initiatives. With his experience in both banking and professional services, he is well-positioned to navigate the complexities of the financial industry and drive Northeast Bank’s financial growth.
Northeast Bank’s announcement of Richard Cohen’s appointment has garnered attention in the financial industry. Analysts and industry professionals are eagerly awaiting his transition into the role, expecting positive outcomes for the bank’s financial performance.
Northeast Bank remains committed to delivering exceptional banking services to its customers. With its extensive branch network and online savings products, the bank aims to meet the diverse needs of its personal and business banking clients nationwide.
The appointment of Richard Cohen as the Chief Financial Officer signifies Northeast Bank’s dedication to attracting top talent and positioning itself as a leading financial institution. With Mr. Cohen’s extensive experience and expertise, the bank is well-positioned to continue its growth trajectory and provide innovative solutions to its customers.
As Northeast Bank gears up to welcome its new Chief Financial Officer, the industry awaits the strategic direction he will bring to the table. With his strong track record and impressive qualifications, Richard Cohen is poised to make a significant impact on Northeast Bank’s financial performance, further solidifying its position in the market.
In conclusion, Northeast Bank’s appointment of Richard Cohen as Chief Financial Officer marks a significant milestone in the bank’s journey towards financial excellence. The bank’s commitment to attracting top talent underscores its determination to deliver exceptional banking services and achieve sustainable growth. As Richard Cohen assumes his new role, Northeast Bank anticipates a bright future under his leadership.
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