Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  BlackRock Inc.
 2. Date of Event Requiring Statement (Month/Day/Year)
12/29/2010		 3. Issuer Name and Ticker or Trading Symbol
NORTHEAST BANCORP /ME/ [NBN]
(Last)
(First)
(Middle)
55 EAST 52ND STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Remarks
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK CITY, NY 10022		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Voting Common Stock 114,846
I
See Footnote (1)
Non-Voting Common Stock 35,106
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BlackRock Inc.
55 EAST 52ND STREET
NEW YORK CITY, NY 10022		   X     See Remarks
BlackRock Investment Management, LLC
100 BELLEVUE PARKWAY
WILMINGTON, DE 19809		   X     See Remarks
Botein Matthew
164 DEAN ROAD
BROOKLINE, MA 02445		   X      
R3 FHB Master LP
40 EAST 52ND STREET
NEW YORK CITY, NY 10022		   X     See Remarks

Signatures

/s/ David B. Maryles, attorney-in-fact 12/29/2010
**Signature of Reporting Person Date
/s/ David B. Maryles, attorney-in-fact 12/29/2010
**Signature of Reporting Person Date
/s/ David B. Maryles, attorney-in-fact 12/29/2010
**Signature of Reporting Person Date
/s/ David B. Maryles, attorney-in-fact 12/29/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These securities are held by and may be deemed to be beneficially owned by R3 FHB Master, L.P. ("R3 FHB Master"), and may be deemed to be beneficially owned indirectly by BlackRock, Inc. ("BlackRock"), which is the indirect parent of R3 FHB Master through BlackRock's wholly-owned direct and indirect subsidiaries including BlackRock Investment Management, LLC (which is also the investment adviser to R3 FHB Master). Each reporting person disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.
 
Remarks:
Mr. Matthew Botein, a director of Northeast Bancorp, is a Managing Director of BlackRock. On the basis of the relationship between Mr. Botein, on the one hand, and BlackRock and its direct and indirect subsisidiaries, on the other hand, each reporting person named herein may be deemed a director with respect to Northeast Bancorp for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16"). No reporting person named herein concedes by filing this initial statement of beneficial ownership of securities that such reporting person is subject to Section 16 with respect to Northeast Bancorp.

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