Northeast Community Bancorp, Inc. (NECB)

16.43 +0.27 (+1.67%) At close: 04:00PM EDT

Northeast Community Bancorp, Inc.

325 Hamilton Avenue
White Plains, NY 10601
United States
914 684 2500
https://www.necommunitybank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 135

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Kenneth A. Martinek	Chairman & CEO	900.5k	N/A	1952
Mr. Jose M. Collazo	President, COO & Director	660.05k	N/A	1966
Mr. Donald S. Hom	Executive VP & CFO	478.65k	N/A	1955
Ms. Anne Stevenson-DeBlasi	Corporate Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Northeast Community Bancorp, Inc. operates as the holding company for NorthEast Community Bank that provides financial services for individuals and businesses. It accepts various deposit instruments, including checking accounts, money market accounts, regular savings accounts, and non-interest bearing demand accounts, as well as certificates of deposits. The company also offers construction, commercial and industrial, multifamily and mixed-use real estate, non-residential real estate loans, and consumer loans. In addition, it invests in various types of liquid assets, including U.S. Treasury obligations, municipal securities, deposits at the Federal Home Loan Bank of New York, and certificates of deposit of federally insured institutions, as well as securities of various federal agencies, and of state and municipal governments. Further, the company offers financial planning and investment advisory services; and life insurance products and fixed-rate annuities. It operates full-service branches located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts; and loan production offices located in White Plains, New York, and New City counties in New York and Danvers, Massachusetts. Northeast Community Bancorp, Inc. was founded in 1934 and is headquartered in White Plains, New York.

Corporate governance

Northeast Community Bancorp, Inc.’s ISS governance QualityScore as of 1 May 2024 is 8. The pillar scores are Audit: 8; Board: 9; Shareholder rights: 9; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.