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Northeast Bank

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Brazil's Northeast Bank lifts limit for energy financing

January 12 (Renewables Now) - The Brazilian Northeast Bank (Banco do Nordeste) announced on Thursday that it is increasing its finance limit to 80% of the cost for energy projects, which comes as good news for renewables.

National Wind Energy Association (Abeeolica) president, Elbia Silva Gannoum, said this news comes at the right time, with two major tenders concluded in December.

Brazil awarded 674.5 MW of renewables supply contracts in the A-4 tender, including 574 MW for solar, and a further 3,841.6 MW of clean power supply contracts in the A-6 tender, including 1,386.6 MW for wind. Representatives of the winners were present during the announcement. There they learned about the composition of the new rates of the Constitutional Financing Fund of the Northeast (FNE) and the conditions for access to credit.

According to BNB president Romildo Rolim, this move by the bank will directly contribute to the growth of renewable energy in the region. The executive also announced that for 2018 the bank has BRL 27 billion (USD 8.4bn/EUR 6.9bn) in the budget of the FNE, of which about BRL 13 billion are exclusively for infrastructure projects.

JPMorgan Chase & Co. Sells 5731 Shares of Northeast Bancorp (NBN)

JPMorgan Chase & Co. cut its holdings in Northeast Bancorp (NASDAQ:NBN) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,382 shares of the financial services provider’s stock after selling 5,731 shares during the period. JPMorgan Chase & Co. owned about 0.51% of Northeast Bancorp worth $1,070,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NBN. Cornerstone Capital Management Holdings LLC. acquired a new position in Northeast Bancorp in the 2nd quarter valued at about $111,000. Nationwide Fund Advisors raised its stake in Northeast Bancorp by 93.8% in the 3rd quarter. Nationwide Fund Advisors now owns 6,200 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in Northeast Bancorp in the 3rd quarter valued at about $174,000. The Manufacturers Life Insurance Company acquired a new position in Northeast Bancorp in the 2nd quarter valued at about $149,000. Finally, New York State Common Retirement Fund acquired a new position in Northeast Bancorp in the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 52.32% of the company’s stock.

How good/bad is Citizens Bank (northeast)?

I'm with Navy Federal Credit Union, but I'll have to switch soon because I'll be out of college and I'm not in the military. How good/bad is Citizens Bank? Are there account maintenance fees? How is customer service? How convenient is it?

Answers to all theses questions depend on where you live in relationship to the bank.. the closer you are.. the more convenient... Without knowing your banking habits, anything after that is a guess at best...