The Financial Services team advised Northeast Bank (the “Bank”) in the entry into an equity distribution agreement with Piper Sandler & Co. (“Piper Sandler”) and Keefe, Bruyette & Woods, Inc. (“KBW”) for the offer and sale from time to time of shares of its voting common stock having an aggregate offering price of up to $75 million in an at-the-market offering. The Bank intends to use the net proceeds from the offering for general corporate purposes, including the support of additional growth.
Northeast Bank is a full-service bank headquartered in Portland, Maine. The Company offers personal and business banking services to the Maine market via seven banking centers. Their National Lending Division purchases and originates commercial loans on a nationwide basis and our SBA Division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide.
The Goodwin team was led by Samantha Kirby, and included Bill McCurdy and Eva Xu, with valuable assistance from Ettore Santucci.
For more information on the deal, please see the press release.
Northeast Bank is a full-service bank headquartered in Portland, Maine. The Company offers personal and business banking services to the Maine market via seven banking centers. Their National Lending Division purchases and originates commercial loans on a nationwide basis and our SBA Division supports the needs of growing businesses nationally. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide.
The Goodwin team was led by Samantha Kirby, and included Bill McCurdy and Eva Xu, with valuable assistance from Ettore Santucci.
For more information on the deal, please see the press release.