UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
|
Date
of
Report:
|
August
31, 2007
|
|
(Date
of earliest event reported):
|
August
31, 2007
|
Commission
File No. 1-14588
NORTHEAST
BANCORP
(Exact
name of Registrant as specified in its Charter)
|
Maine
|
01-0425066
|
|
(State
or other jurisdiction of incorporation)
|
(IRS
Employer Identification Number)
|
|
500
Canal Street
Lewiston,
Maine
|
04240
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area code: 207-786-3245
Former
name or former address, if changed since last Report: N/A
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
Written
communications pursuant to Rule 425 under the Securities Act
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
Pre-commencement
to communications pursuant to Rule 13e-4(c) under the Exchange Act
Item
3.01
On
August
31, 2007, the Company took its first definitive action to transfer its listing
to NASDAQ from the AMEX by the issuance of the press release referred to in
Item
8.01 below.
Item
8.01
On
August
31, 2007, Northeast Bancorp, a Maine corporation, issued a press release
announcing its decision to switch the listing of its common stock from the
American Stock Exchange to the NASDAQ Stock Market LLC.
|
(c)
|
Exhibits
|
|
|
Exhibits
No
|
Description
|
|
|
99.1
|
Press
Release, dated August 31, 2007 regarding switching to
NASDAQ
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
|
Date:
September 6, 2007
|
NORTHEAST
BANCORP
By: /s/
James D. Delamater
James
D. Delamater
President
and Chief Executive Officer
|
|
FOR
IMMEDIATE RELEASE
|
 |
|
For
More Information:
|
|
|
Jim
Delamater, President & CEO
Northeast
Bank, 500 Canal Street, Lewiston,
ME 04240
www.northeastbank.com |
1-800-284-5989
ext.
3569
jdelamater@northeastbank.com |
Northeast
Bancorp Switches to the NASDAQ Stock Market
Lewiston,
MAINE (August 31, 2007)—Jim Delamater, President and CEO of Northeast
Bancorp, announced today that the board of directors of the Company has approved
the decision to switch the listing of its common stock from the American Stock
Exchange to The NASDAQ Stock Market LLC®. Effective
September 11, 2007, Northeast Bancorp will trade under the symbol NASDAQ:
NBN.
“This
decision was reached after careful consideration of capital markets alternatives
and analysis of the electronic market model, which provides added visibility
to
our investors,” said Delamater. “We believe that NASDAQ’s electronic
multiple market maker structure will provide our company with enhanced exposure
and liquidity, while at the same time providing investors with the best prices,
the fastest execution, and the lowest cost per trade. As the world’s
largest electronic stock market, NASDAQ promotes innovation and attracts leading
growth companies from a diverse group of sectors. We are proud to be
a part of the NASDAQ Stock Market.”
Northeast
Bancorp (NASDAQ: NBN) is the holding company for Maine-based Northeast Bank,
which was founded in 1872 and now operates 24 retail and insurance locations
serving the financial needs of western, central, and mid-coastal Maine,
including 11 branches, 12 insurance offices and 1 financial
center. Headquartered at 500 Canal Street, Lewiston, ME 04240,
Northeast Bank, together with its wholly owned subsidiary, Northeast Bank
Insurance Group, Inc. and other affiliates, provides retail and business
customers with a broad array of financial services, and derives its income
from
a combination of traditional banking services and non-traditional financial
products and services. These non-traditional products and services include
trust, investment, and insurance services, including life, disability, property
and casualty insurance. All are offered via a “needs-based” sales philosophy
that empowers employees to understand customer goals and objectives when seeking
the most appropriate product or service match.
For
more
information visit www.northeastbank.com or call toll free
800-284-5989.
NASDAQ®
is
the largest U.S.
electronic stock market. With approximately 3,200 companies, it lists
more companies and, on average, its systems trade more shares per day than
any
other U.S. market. NASDAQ is home to companies that are leaders
across all areas of business including technology, retail, communications,
financial services, transportation, media and biotechnology. NASDAQ
is the primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Website at
http://www.nasdaq.com and the NASDAQ NewsroomSM
at
http://nasdaq.com/newsroom.