Northeast Bancorp (NASDAQ: NBN) is the holding company for Northeast Bank, a full service community bank headquartered in Lewiston, Maine. Northeast Bank derives its income from a combination of traditional banking services, as well as from its Loan Acquisition and Servicing Group, which purchases performing commercial loans for the Bank’s portfolio. In addition, Northeast Bank operates an online savings division, ableBanking. This savings platform offers consumers competitive interest rates and more support in their communities. Northeast Bank operates ten traditional bank branches and two loan production offices that serve individuals and businesses located throughout western and south-central Maine, as well as southern New Hampshire.
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FORWARD LOOKING STATEMENT
This communication contains certain “forward-looking statements”. Although the Company believes that these forward-looking statements are based on reasonable estimates and assumptions, they are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors. These statements speak only as of the date of this report and we do not undertake any obligation to update or revise any of these forward-looking statements to reflect events or circumstances occurring after the date of this communication or to reflect the occurrence of unanticipated events. For a more complete discussion of certain risks and uncertainties affecting the Company, please see "Item 1. Business-Forward-Looking Statements and Risk Factors" set forth in the Company's Form 10-K for the year ended June 30, 2012.