Northeast Bank (NBN) said Monday it has struck an equity distribution deal with Piper Sandler (PIPR) and Keefe, Bruyette & Woods for an at-the-market offering of up to $75 million of voting common shares.
Northeast Bank said it will offer all the shares to be sold in the offering, while Piper Sandler and Keefe, Bruyette & Woods will be the distribution agents.
The company said it plans to use the net proceeds for general corporate purposes.
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