HARTFORD - Northeast Federal Corp. said it has received an unspecified number of inquiries about investing in or buying the company, but has no offers under consideration.
George P. Rutland, chairman and chief executive officer of the company, which owns Northeast Savings of Hartford, said in a statement that it will "review and explore opportunities to increase capital ... and evaluate" any offers with regard to the best interests of stockholders.
Mr. Rutland said interest in the thrift may increase following its reduction in supervisory goodwill. A goodwill writedown was primarily responsible for a $59.8 million loss in the third quarter, and amortization expense will fall by about $1 million a quarter.
