NorthEast Community Bank

What NorthEast Community Bank does

NorthEast Community Bank (NECB) is a New York State chartered savings bank founded in 1934 and headquartered at 325 Hamilton Avenue, White Plains, New York. The bank operates 9 full-service branches across the Bronx, Orange, Rockland, and Westchester counties in New York and Essex, Middlesex, and Norfolk counties in Massachusetts, supplemented by 3 loan production offices in New City, NY, White Plains, NY, and Danvers, MA. Its core differentiator is a specialized focus on construction and multifamily lending for affordable housing in high-demand, high-absorption markets in the Bronx, Rockland, Orange, and Sullivan counties, where construction loan commitments and unfunded commitments exceeded $819 million in Q1 2026, a 37.8% year-over-year increase.

The bank's product portfolio spans personal banking (checking, savings, CDs, IRAs, Visa Platinum credit cards, ATM/debit cards), commercial banking (loans, cash management), and dedicated business banking (business checking, business mobile banking). Digital channels include the NECB-Mobile app on iOS and Android, online banking with SSL encryption, and Zelle integration for person-to-person payments with no bank-charged fees. Technology infrastructure is standard community-bank architecture, likely built on a white-labeled core platform (FIS/iFS) without disclosed proprietary AI or ML capabilities. Total assets stood at $2.0 billion at March 31, 2026, with Q1 2026 net interest income of $24.1 million, net income of $10.0 million, and zero non-performing assets.

The business model is a traditional community-bank net interest income engine supplemented by non-interest fee income from loan servicing, investment advisory, and deposit service charges. NorthEast Community Bancorp, Inc., a Maryland-incorporated holding company, completed its second-step conversion from mutual holding company structure to fully public stock holding company in July 2021, selling 9,784,077 shares at $10.00 per share for $97.8 million in gross proceeds and listing on the Nasdaq Capital Market under ticker NECB. The bank is led by Chairman and CEO Kenneth A. Martinek and serves retail consumers, small and medium businesses, commercial entities, and real estate developers across its regional footprint.

Name

NorthEast Community Bank

Legal name

NorthEast Community Bank

Website

https://necommunitybank.com

Company type

Public

Founded year

1934

Operating status

Operating

Headcount range

51–100 employees

Short description

NorthEast Community Bank is a $2.0 billion-asset community bank operating 9 branches and 3 loan production offices across New York and Massachusetts, specializing in construction lending for affordable housing in the Bronx, Rockland, Orange, and Sullivan counties.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro industry

PRIMARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

Keywords

• Community banking services
• Construction lending
• Multifamily mortgage loans
• Retail deposit products
• Small business banking

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue from interest earned on loans (construction, multifamily, commercial real estate, one-to-four family residential) minus interest paid on deposits. Net interest income was $24.1 million for Q1 2026.
2. Non-Interest Income: Fees from loan servicing, investment advisory services, service charges, and other banking fees.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

NorthEast Community Bank is a community bank offering retail and commercial banking products including personal checking, savings, CDs and IRAs, Visa Platinum credit cards, online and mobile banking, and Zelle payments. The bank also provides business banking (business checking, business mobile banking) and commercial services including construction, multifamily, and commercial real estate lending, with a specialized focus on construction financing for affordable housing in the Bronx, Rockland, Orange, and Sullivan counties.

Product overview

NorthEast Community Bank offers a comprehensive suite of retail and commercial banking products organized around personal banking (checking, savings, CDs & IRAs, credit cards, and digital banking), commercial banking services, and business banking solutions. The bank provides integrated digital channels including online banking, mobile banking (NECB-Mobile app), and Zelle person-to-person payments. Services are delivered through branch locations in New York and Massachusetts, supported by digital banking platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal demand deposit accounts offering checking services for individual customers.
• Savings Personal savings accounts for depositing and accumulating funds.
• CDs and IRAs Certificates of deposit and Individual Retirement Accounts offering fixed-term savings with competitive interest rates.
• Online Services Internet and desktop banking platform enabling customers to manage accounts, view transactions, transfer funds, and pay bills online.
• Mobile Banking NECB-Mobile app providing smartphone and tablet access to banking services including account management and Zelle payments.
• Send Money with Zelle Real-time person-to-person payment service integrated into mobile and online banking, enabling instant money transfers using email or mobile numbers.
• ATM / Debit Cards Network of ATMs and Visa-branded debit cards for cash withdrawals, deposits, and point-of-sale transactions.
• Visa Platinum Credit Card Credit card product offering Visa Platinum cardholder benefits including purchase protection and rewards programs.
• Commercial Services Banking products and services designed for commercial customers including loans, deposit accounts, and cash management solutions.
• Cash Management Treasury management services for businesses including liquidity management, payment processing, and account reporting.
• Business Checking Commercial demand deposit accounts with features tailored to business banking needs.
• Business Mobile Banking Mobile banking application designed for business account holders with enhanced features for business financial management.

Quantifiable outcome

• Zero non-performing assets demonstrates exceptional loan portfolio quality
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Lakeland Bancorp: Lakeland Bancorp is a NJ-based community bank with overlapping CRE and SMB banking capabilities; while its geography concentrates in NJ rather than NY/MA, its business model and commercial real estate focus are comparable to NECB.
• ConnectOne Bancorp: ConnectOne Bancorp is a NY/NJ community-oriented commercial bank with parallel CRE lending and deposit-driven funding model, providing a comparable NJ-adjacent regional community banking benchmark.

Direct peers

• Kearny Financial: Kearny Financial is a NJ-based mutual-to-stock community savings bank holding company with a similar multifamily and CRE lending focus in the NY metropolitan area, providing a directly comparable mid-Atlantic community banking model.
• Dime Community Bancshares: Dime Community Bancshares operates a NY-focused community bank with deep multifamily and commercial real estate lending expertise, making it a directly relevant peer despite operating at a larger scale.
• Northfield Bancorp: Northfield Bancorp is a Staten Island, NY-based mutual-to-stock community savings bank with overlapping multifamily lending and similar deposit-gathering focus in the greater NYC metro.
• Ponce Financial Group: Ponce Financial Group is a NY/NJ-based community bank holding company of comparable asset size (~$2B) operating similar retail and multifamily/construction lending in underserved urban markets, making it the closest like-for-like peer.
• Rhinebeck Bancorp: Rhinebeck Bancorp is a small NY Hudson Valley community savings bank with comparable size, mutual-to-stock history, and upstate NY deposit franchise, making it a close size-matched peer for benchmarking NECB's operating metrics.
• Carver Bancorp: Carver Bancorp is a publicly traded NY community bank holding company with a similar mission-driven focus on lending in underserved NYC neighborhoods and a comparable community banking footprint to NECB.

Broad incumbents

• Flushing Financial Corporation: Flushing Financial is a NY-based bank holding company with a community/savings bank charter and significant multifamily and CRE lending in the NYC metro, competing in much of NECB's regional market.
• Berkshire Hills Bancorp: Berkshire Hills Bancorp operates Berkshire Bank across MA, CT, NY and RI with similar commercial real estate and community lending, overlapping NECB's MA and NY markets at a larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/154491334589480
• LinkedInlinkedin.com/company/northeast-community-bancorp-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NorthEast Community Bank