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

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

12/09/24, 2:03 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgportland
Money
$75 million
Industry
banking
Type
agreement
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 Info

Company
Northeast Bank
Location
portland, maine, united states
Additional Info
Northeast Bank ranked #14 in the Top 25 Banks in the United States; and Northeast Bank ranked #9 (out of 122 banks) in the $1 Billion up to $5 Billion category. Northeast Bank (NASDAQ: NBN) is a full-service bank headquartered in Portland, Maine. We are both an experienced, balance sheet lender offering speed, certainty of execution and creativity to structure loan originations and acquisitions nationally, and a full-service bank serving customers in Western, Central, and Southern Maine. We originate and purchase commercial loans nationally - secured by all types of real estate (with the exception of land and construction), equipment or other business assets, including government guaranteed (SBA and USDA) loans. In Maine, we also provide a full range of personal and business banking services, from banking accounts to financing options to cash management. At Northeast Bank, we are committed to bettering the lives of those in need. We focus our charitable efforts in the markets we serve and aim to raise the aspirations of our youth, support those in need, and promote economic development. Please keep in mind that this page is NOT a customer service channel. If you need help with your account or a service, you can make an appointment to meet with a Northeast Bank representative, submit a secure form on our website or call 1.800.284.5989.

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