LEWISTON — After a long career, Jim Delamater is leaving Northeast Bank.

The company announced his pending retirement Tuesday morning.

Delamater, now chief executive officer of the Community Banking Division, started as president and CEO of Bethel Savings in 1981. After several acquisitions, the company changed its name in 1996 to Northeast Bankcorp.

Delamater of Oxford remained president and CEO until 2010, when he transitioned to community banking.

“After more than three decades, I am ready to retire from Northeast Bank and pursue other interests in the private sector,” he said in a statement. “Northeast Bank is in excellent hands, with a first-rate management team and strong local leadership. I will miss my colleagues but look forward to remaining active in the community here in Maine.”

Delamater will retire on Aug. 1 and stay on the Northeast Bank Community Advisory Board. He is also chairman of both the boards of Syris Scientific and the Western Maine Economic Development Council.


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