Northeast Bank announces share repurchase program up to 900,000 shares
Northeast Bank announced that its Board of Directors has adopted a share repurchase program to purchase up to 900,000 shares of its common stock, representing approximately 10.0% of the Bank's outstanding common stock. Repurchases under this program may be made in open market transactions. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The repurchase program does not obligate the Bank to purchase any particular number of shares. The repurchase program may be suspended or terminated at any time without prior notice, and it will expire October 21, 2020.