Company: NECB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108218
Chunk: 25

Company: NorthEast Community Bancorp, Inc./MD/
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 2007 to facilitate the purchase or lease of real property by the Bank. New England Commercial Properties, LLC currently owns one foreclosed property located in Pennsylvania.NECB Financial Services Group, LLC (“NECB Financial”), a New York limited liability company and wholly owned subsidiary of the Bank, was formed in the third quarter of 2012 as a complement to Harbor West Wealth Management Group to sell life insurance and fixed rate annuities. NECB Financial is licensed in New York State.  NECB Financial terminated its license in Connecticut on February 22, 2024 due to the sale of all the Bank’s assets relating to Harbor West Wealth Management Group to a third party in January 2024.  This subsidiary is currently inactive.