About Us

The Concept
Directors
Investor Banks
Advisory Board
Peter J. Sposito, CEO
Allen L. Nielsen, EVP & CFO
Richard B. Lockwood III, SVP
Richard J. Nurge, VP
August A. Oliveira, VP
Elissa G. Reynolds, VP
Susan W. Salecky, VP
Megan L. Desso, AVP
Peter T. Garland, CCO
Support Staff
Contact Us
What's New

FED FUNDS PORTFOLIO HITS $1 BILLION MILESTONE

Bankers' Bank Northeast announced that on Friday, March 7, 2008 the Fed Funds As Agent Program hit a significant milestone of $1,000,000,000 invested by our client banks! This record amount clearly displays the confidence that our client banks continue to have in our ability to meet their needs.

The management, staff and directors thank each of our client banks for their continued support and for partnering with us to achieve this milestone!

Risk Management Consulting

Working with our strategic alliance partner Bankers’ Bank Northeast has developed a customized, multi-level approach to risk management consulting services focused exclusively on the community based financial institutions.

This service provides a cost effective alternative to hiring a full-time risk management staff. In addition, the associated fees can be paid for with compensating balances maintained at Bankers’ Bank Northeast.

Risk Management Consulting Services provided include: Commercial Loan Review, Risk Management Assessment, Compliance, Internal Audits, BSA Reviews, Disaster Recovery, Policies & Procedures, etc.

Image Cash Letter - STARS™ OnWe Network®

Bankers’ Bank Northeast (BBN) is a “Community Host” for the OnWe Network® in New England and New York. This image network enables our client banks to present and receive items to and from banks locally and nationally. Image files are delivered to BBN utilizing a secure Internet exchange console that is similar to our STARS™ platform. Therefore, you do not need to invest in new software. While the existing national image clearing networks (e.g. Endpoint Exchange, Viewpoint) concentrate on large bank presentations, OnWe® focuses on large volumes from local banks ‘across the street’. OnWe® combined with STARS™ provides a platform to combine the benefits of both check volume sources to enhance availability and to reduce clearing costs.

Investor Bank Dividend Declared

Bankers’ Bank Northeast announced that it will distribute its first dividend since it was founded in 1998 to client bank shareholders of record as of December 31, 2007. The cash dividend of $6.67 per share will be paid to each of the 44 community banks that own Bankers' Bank Northeast common stock. The distribution amounts to approximately 10 percent of the bank’s 2006 net, after tax income.