Northeast Bancorp announced that Brian W. Shaughnessy has been appointed as the company's Chief Financial Officer and Treasurer, effective January 14, 2015. Mr. Shaughnessy will succeed Claire S. Bean, who will retain her responsibilities as the company's Chief Operating Officer. Mr. Shaughnessy joins the company directly from KPMG LLP where he worked since 2005 and served as a Senior Manager in their banking audit practice.

His responsibilities at KPMG LLP included providing professional audit services to clients in the financial services sector.