Let partners know that Northeast Bank stands by your side. Because we take care of our neighbors.

Key Features

  • Peace of Mind
  • Easily Renewed Terms
  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms easily renewed
  • Fee is based on face value amount
  • Interest accrues only if we must make payment to beneficiary on your behalf