Northeast Bancorp plans to price public offering of its common stock

Offering conducted by Sandler O'Neill to finance corporate purposes

By Devika Patel

Knoxville, Tenn., March 19 - Northeast Bancorp will price a public offering of voting and non-voting common stock, according to a Form S-1 filed Monday with the Securities and Exchange Commission. The firm-commitment deal has a 30-day greenshoe.

The company will sell up to 1,339,755 non-voting common shares along with voting common shares.

Sandler O'Neill + Partners, LP is the underwriter.

Proceeds will be used for general corporate purposes.

The bank holding company is based in Lewiston, Maine.

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