Auburn – Northeast Bancorp, the parent company for Northeast Bank headquartered in Auburn, had a surprise visitor at its annual stockholder meeting on Nov. 9 at the Hilton Garden Inn in Auburn.

Gov. John Baldacci dropped in to congratulate Jim Delamater, president and CEO of Northeast Bancorp and Northeast Bank, on the company’s involvement in the Lewiston Gateway project, a public-private initiative that is re-developing the area, creating new jobs and generating economic opportunities.

Approximately 35 people attended the meeting to recap the last year, review the direction of the company and elect the 11 directors to serve as members of the Board of Directors of the company for the upcoming year.

“Fiscal year 2004 was busy for all of us at the company, we posted record volumes in commercial loan growth, launched three new products including Northeast Online, Health Savings Accounts and Private Banking and committed to the Lewiston Gateway Project to name a few of our achievements,” said Delamater. Additionally, the company continued to focus on creating income diversity and value for its shareholders as evidenced by a 29 percent increase in investment, insurance and brokerage revenues as reported by CFO Robert Johnson.

The Northeast Bancorp Board of Directors elected by the stockholders include: Judith W. Kelley, chairman of the board of Northeast Bancorp and president of Aqua Maine Inc.; John Rosmarin, vice chairman of the board of Northeast Bancorp and president and CEO of Saunders Manufacturing; James D. Delamater, president and CEO.; John B. Bouchard, director and owner of John B. Bouchard Builders; James P. Day, director and president of LRI Inc., Ronald J. Goguen, director and president and CEO of Landdrill Ltd.; Philip C. Jackson, director and senior vice president of Northeast Bank; Pender J. Lazenby, director and former banker with FleetBoston; John H. Schiavi, director and president and sole owner of Schiavi Enterprises; Stephen W. Wight, director and owner of the Sunday River Inn LLC and manager of Wight Enterprises LLC; and Dennis A. Wilson, director and president and sole owner of D.A. Wilson & Co.