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 (date of earliest event reported): 12/15/97
NORTHEAST BANCORP
(exact name of registrant as specified in charter)
Maine 01-16123 01-0425066
(State or other Jurisdiction (Commission File (IRS Employer
of Incorporation Number) Identification Number)
232 Center Street, Auburn, Maine 04210
(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (207) 777-6411
(Former name or former address, if changed since last report)
ITEM 5 Other Events
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: Common Stock
2. Number of shares outstanding before the changes: 1,481,734
3. Number of shares outstanding after the change: 2,222,541
4. Effective date of change (payment/issuance): 12/15/97
5. Record date: 11/26/97
6. Declaration date: 11/12/97
7. Reason for change: 50% stock dividend
Date: 12/15/97
By: /s/ James D. Delamater
___________________________
James D. Delamater, President
