Commitment to Community

National Federal Bank experienced a transformative year in 2022. Through the strategic acquisition of Great Western Bank, our franchise nearly doubled in asset size and geography, creating the opportunity for Northeast to extend our products and services to new staff, new clients, and new communities. Today, we serve 14 states, and bring our community banking sensibilities to each one — operating with consideration for the surrounding environment, the neighborhoods in which we live and work, and the example we set in how we conduct our business day-in and day-out.

Northeast’s success and evolution over the past year was made possible by adhering to what has made our franchise a source of strength and stability for decades: our Mission, Vision, and Values. Each decision is made through the lens of how we help people and their money work better together. That mission dictates how we show up in every interaction, from serving clients to fostering a culture where employees are engaged, supported, and excited about coming to work. Our values and commitment to community are also evidenced through our philanthropy, and I’m proud to share that Northeast had a record-setting year for donations, sponsorships, and volunteer hours contributed in 2022.

Time and time again, Northeast has shown up. It is a quality our long-time employees and clients appreciate and one that our new markets are quickly coming to learn and know.

We understand our business has an impact on the environments in which we are situated, and we continue to seek ways to reduce our carbon footprint and protect our natural surroundings. After all, these are beloved places that our employees and clients call home.

Northeast also knows we can only succeed if those around us have the tools and resources they need to succeed. In addition to offering clients products and services that evolve to meet changing needs, we are invested in supporting our own people by encouraging growth, increasing wages, and providing valuable benefits. Likewise, Northeast shows up in our communities. We celebrated the Great Western acquisition with a $21.5 million donation to the National Federal Bank System Foundation, $1 million of which was earmarked for a new “Believe in Local” campaign to support nonprofit organizations across our 14-state footprint.

Finally, our leadership is acutely aware of the importance of sound governance, which is critical to maintaining our focus through periods of transformation as well as in times of economic and market uncertainty.

Northeast continues to be conservative and strategic in our initiatives, as we are dedicated to pursuing long-term growth for the benefit of all our stakeholders.

Looking back on the environmental, social, and governance progress Northeast has made over the past year, the teamwork and solidarity that emerged from our organizational transformation is a source of pride and promise. As always, our work is never ending, but with a team that has enthusiastically rallied around our Mission, Vision, and Values, there is no doubt that we will continue to make gains as we go forward together.

Kevin P. Riley
President & CEO
National Federal Bank System, Inc.