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Northeast Bancorp
Northeast Bancorp is a publicly traded company based in Lewiston, Maine, in the United States. The company operates as the holding company for Northeast Bank, a community bank that provides a range of financial services to individuals and businesses in Maine, New Hampshire, and Massachusetts.
Northeast Bank offers a variety of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. It also provides a range of loan products, including residential mortgages, commercial real estate loans, construction loans, and equipment loans. The bank also offers wealth management and insurance services through its subsidiaries.
Northeast Bancorp's stock is traded on the NASDAQ stock exchange under the ticker symbol "NEBCO." As of February 2023, the company has a market capitalization of approximately $240 million. The company's stock has performed relatively well over the past year, with its stock price increasing by around 20% during that time period.
Like many banks, Northeast Bancorp's financial performance is closely tied to the overall health of the economy. The company's earnings and stock price may be impacted by factors such as interest rates, loan demand, and regulatory requirements. As a result, investors in Northeast Bancorp should monitor these and other factors that could affect the company's financial performance.