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Madison Street Capital Arranges $4.

1 Million Debt Facility for Chicago Yacht


Chicago, IL, September 07, 2017 --( Madison Street Capital (MSC), an international
investment banking firm, acted as the exclusive financial advisor in arranging a $4.1 million debt facility
for Chicago Yacht Works. Chicago Yacht Works, with over 600 feet of river frontage and 300,000 sq. ft.
of indoor heated storage, combined with service capabilities and a full-line dealership, is one of the
largest off-season boat storage facilities in Chicago. The facility was provided by Northeast Bank, the
wholly owned subsidiary of Northeast Bancorp. The transaction was announced by Charles Botchway,
CEO of Madison Street Capital and led by Senior Managing Director, Jay Rodgers.

Jay and the MSC team were professional, efficient and great to work with. They sourced a number of
interested and viable financial partners quickly and helped in the vetting process, explained Rob Hannah,
President & CEO of Chicago Yacht Works. In the end, I got the deal I wanted and it closed on my time
frame. I am very pleased.

Jay Rodgers, Senior Managing Director, commented, Chicago Yacht Works is positioned for a great
growth opportunity and needed additional capital. The facility we arranged will enable Rob Hannah to
meet his aggressive growth objectives for many years to come. We were pleased to be part of the effort to
support Chicago Yacht Works next chapter of growth.

About Madison Street Capital

Madison Street Capital is an international investment banking firm committed to integrity, excellence,
leadership and service in delivering corporate financial advisory services, merger and acquisition
expertise, financial opinions, and valuation services to publicly and privately held businesses. These
services position our clients to succeed in the global marketplace. In undertaking each new project, the
client's goals and objectives become ours, ranging from financial advisory and successful capital raises to
M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core
component driving the global growth of our clients, and will continue to focus significant assets on these
markets. Our firm has earned the trust of clients around the world through our unwavering dedication to
the highest levels of professional standards. For additional information, please visit our website at

About Chicago Yacht Works

Chicago Yacht Works is a privately owned, boat storage, service, and full-line dealership center
headquartered in Chicago, Illinois. Chicago Yacht Works, often referred to as ...the cleanest boat yard I
have ever seen, is situated on 11 acres of land, 600 feet of river frontage, and is the most accessible
full-service nautical facility in Chicago. In addition, Chicago Yacht Works is equipped with 8 buildings
and over 300,000 sq. ft. of indoor heated storage and acres of outdoor storage. To learn more, visit

About Northeast Bancorp

Northeast Bancorp (NASDAQ:NBN) is the holding company for Northeast Bank, a full-service bank

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headquartered in Lewiston, Maine. We offer traditional banking services through the Community
Banking Division, which operates ten full-service branches that serve customers located in western,
central, and southern Maine. From our Maine and Boston locations, we also lend throughout the New
England area. Our Loan Acquisition and Servicing Group ("LASG") purchases and originates
commercial loans on a nationwide basis. In addition, our SBA Division supports the needs of growing
businesses nationally. ableBanking, a division of Northeast Bank, offers savings products to consumers
online. Information regarding Northeast Bank can be found on its website at

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Contact Information:
Madison Street Capital
Courtney Fitzpatrick
Contact via Email

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