Financial Services >> CEO Interviews >> January 6, 2003
JAMES DELAMATER is President and CEO of Northeast Bancorp, parent
company of Northeast Bank FSB and Northeast Financial Services,
Inc. He has served in that capacity since 1981, presiding over an
unprecedented period of growth for the Auburn-based financial
institution. Northeast Bancorp trades on the American Stock
Exchange. A native of Maine, Mr. Delamater was an officer with
Oxford Bank & Trust, a regional commercial bank located in
western Maine, before he joined Northeast Bancorp. He has served
as a licensed representative of the New York Stock Exchange with
major stock brokerage firms. In addition to being a Board member
of Northeast Bancorp and its subsidiaries, Mr. Delamater is
Chairman of the Board of Oxford Networks and Chairman of the
Board of Syris Scientific. Long active in civic and community
organizations, Mr. Delamater is past President of the Oxford
Hills Chamber of Commerce and the Oxford Hills Development
Corporation, and is a member of the Loan Committee for the
Androscoggin Valley Council of Governments. He is also the
current President of the Tri-County Babe Ruth League. A graduate
of Oxford Hills High School, Mr. Delamater received a nomination
to the U.S. Air Force Academy from the State of Maine and served
in the U.S. Air Force. He has attended the University of South
Carolina and the University of Southern Maine. He resides in
Oxford, Maine. Profile
TWST: Would you begin with a brief historical sketch of NortheastBancorp and a picture of the company as it is now?
Mr. Delamater: Our company was established in 1872 and converted
to a