Northeast Bancorp

NBN

Northeast Bancorp is the holding company for Northeast Bank, a full-service bank headquartered in Lewiston, Maine. They offer personal and business banking services to the Maine and New Hampshire markets via ten branches and two loan production offices. Their Loan Acquisition and Servicing Group ("LASG") purchases and originates commercial loans on a nationwide basis and the SBA Division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com. Northeast Bancorp was formed from the merger of Bethel Savings Bank and Brunswick Federal Savings in 1996.

Northeast Bancorp has been a target of short sellers for a while. The current short interest of 5.03% is roughly at the average of the last 12 months (4.43%).