Title

Jim Delamater, president of Northeast Bancorp in Lewiston, says the bank's recen

Authors

Jackie Farwell

Source

Mainebiz

Date

8-23-2010

Pages

1, 14-16

Abstract

Jim Delamater, president of Northeast Bancorp in Lewiston, says the bank's recent merger with investment group FHB Formation LLC will bring in new talent and growth. The unusual transaction will give three Boston investors 60 percent ownership of the common stock. With details on how the move will affect stockholders of the bank, the bank's weak record, and how it compares to its peers.

Subjects

Banks and banking, Northeast Bancorp

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