Northeast Bancorp (NBN) Announces $40M Share Buyback
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Northeast Bank Announces New Share Repurchase Program
April 21, 2022 8:35 AM EDTPORTLAND, Maine, April 21, 2022 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN) announced today that its Board of Directors has terminated its existing share repurchase program and approved a new share repurchase program, which allows for the repurchase of 1,000,000 shares of common stock, or up to $40.0 million, representing approximately 13.1% of the Banks common stock outstanding.
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... More
