May 14, 2012
Mr. Michael R. Clampitt
Senior Counsel
Division of Corporation Finance
United States Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
| Re: | Northeast Bancorp (the “Company”) |
Registration Statement on Form S-1 (File No. 333-180215)
Dear Mr. Clampitt:
In accordance with Rule 461 of the Rules and Regulations of the Securities and Exchange Commission promulgated under the Securities Act of 1933, as amended, as underwriters of the Company’s proposed public offering of up to 4,760,000 shares of the Company’s common stock, we hereby join the Company’s request for acceleration of the above-referenced Registration Statement requesting effectiveness for 4:00 p.m. on May 14, 2012, or as soon thereafter as practicable.
Very truly yours,
SANDLER O’NEILL & PARTNERS, L.P.
By: Sandler O’Neill & Partners Corp., the sole general partner | ||
| By: | /s/ Jennifer A. Docherty | |
Jennifer A. Docherty Authorized Signatory | ||
