Northeast Bancorp and Northeast Bank Complete Corporate Reorganization
Northeast Bank (NBN)
Last northeast bank earnings: 4/22 04:20 pm
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US:NASDAQ Investor Relations:
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Company Research
Source: GlobeNewswire
LEWISTON, Maine, May 16, 2019 (GLOBE NEWSWIRE) -- Northeast Bancorp (the “Company”) and Northeast Bank (the “Bank”) today announced that they have closed the previously announced merger of the Company with and into the Bank, with the Bank continuing as the surviving entity (the “Reorganization”). As a result of the Reorganization, the Company’s bank holding company structure was eliminated and the Bank is now the top-level company in the organization. At the effective time of the Reorganization, each outstanding share of voting and non-voting common stock of the Company, par value $1.00 per share, respectively, was canceled and converted into the right to receive one share of voting and non-voting common stock, respectively, of the Bank. As a result, the shares of the Bank’s common stock will be owned directly by the Company’s shareholders in the same proportion as their ownership of the Company’s common stock immediately prior to the Reorganization. As a result of the Reorganiza
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News
- Northeast Bank Announces Commencement of At-the-Market Offering of Voting Common StockGlobeNewswire
- Northeast Bank (NASDAQ:NBN) is favoured by institutional owners who hold 64% of the company [Yahoo! Finance]Yahoo! Finance
- Northeast Bank (NASDAQ: NBN) is now covered by analysts at Keefe, Bruyette & Woods. They set a "market perform" rating and a $102.00 price target on the stock.MarketBeat
- Northeast Bank First Quarter 2025 Earnings: EPS: US$2.17 (vs US$2.03 in 1Q 2024) [Yahoo! Finance]Yahoo! Finance
- Northeast Bank Reports First Quarter Results and Declares Dividend [Yahoo! Finance]Yahoo! Finance
NBN
Earnings
- 10/29/24 - Beat
NBN
Analyst Actions
- 11/21/24 - Keefe, Bruyette & Woods