Northeast Bank buys $525 million in commercial real estate loans; expects minor earnings impact.
A financial institution based in Portland, Maine known as Northeast Bank (NASDAQ: NBN) revealed that from September 30, 2025, onwards, it has engaged in the acquisition, or agreements for acquisition, of commercial real estate loans totaling around $525 million in unpaid principal balance. These transactions are expected to be completed towards the end of the current quarter, thereby resulting in negligible influence on the earnings of the bank for the second fiscal quarter of 2026.
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