SECURITIES AND EXCHANGE COMMISSION
                            Washington DC 20549

                               FORM 10-C

              REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                       INTERDEALER QUOTATION SYSTEM

               Filed pursuant to Section 13 or 15(d) of the
              Securities Exchange Act of 1934 and Rule 13a-17
                           or 15d-17 thereunder

                              Bethel Bancorp
_______________________________________________________________________________
                          (Exact name of issuer as specified in charter)

                      158 Court Street, Auburn, Maine 04212
_______________________________________________________________________________
                          (Address of principal executive offices)

Issuer's telephone number, including area code  (207) 777-5950
                                               ________________


                 I. CHANGE IN NUMBER OF SHARES OUTSTANDING
                    
     Indicate any change (increase or decrease) of 5% or more in the number of 
shares outstanding:

     1. Title of Security: ____________________________________________________
     2. Number of shares outstanding before the change:________________________
     3. Number of shares outstanding after the change: ________________________
     4. Effective date of change: _____________________________________________
     5. Method of change:  
           Specify method (such as merger, acquision, exchange, distribution,
           stock split, reverse split, acquisition of stock for treasury, etc.)
	       _______________________________________________________________________
           Give a brief description of transaction 	___________________________
        _______________________________________________________________________



                II.  CHANGE IN NAME OF ISSUER
     1. Name prior to change:     Bethel Bancorp
                             __________________________________________________
     2. Name after change:        Northeast Bancorp
                             __________________________________________________
     3. Effective date of charter amendment changing name:    7/1/96 *
                                                            ___________________
     4. Date of shareholder approval of change, if required:     n/a *
                                                            ___________________

Date   7/1/96                          By:             /s/              
                                          _______________________________
                                          (Officer's signature and title)
                                           James D. Delamater, President


*  Bethel Bancorp adopted the name "Northeast Bancorp" as an assumed name 
   effective July 1, 1996.