Northeast Community Bancorp, Inc. announced that Jose M. Collazo has been promoted to President and Chief Operating Officer of the company and Northeast Community Bank. Mr. Collazo will succeed Kenneth A. Martinek as President. Mr. Martinek will remain Chairman and Chief Executive Officer of the company and Northeast Community Bank.

The company and Bank have reallocated these executive responsibilities to allow Mr. Martinek to continue to focus his efforts on the Bank's strategic direction and governance and the improvement of the loan portfolio.