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Northeast Bank Announces At-the-Market Offering of $75 Million

Dec 09, 2024•over 1 year ago

Contract Type

agreement

PortlandBanking

Description

Northeast Bank has entered into an equity distribution agreement with Piper Sandler & Co. and Keefe, Bruyette & Woods, Inc. for the offer and sale of shares of its voting common stock with an aggregate offering price of up to $75,000,000. The net proceeds from the offering will be used for general corporate purposes, including the support of additional growth

Company Information

Company

Northeast Bank

Location

Portland, Maine, United States

About

Northeast Bank (NASDAQ: NBN) is a bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide.

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