HARTFORD -- Northeast Federal Corp. said it lost $59.8 million in the third quarter, mainly because of a writedown of supervisory goodwill.

The $3.9 billion-asset company, parent of Northeast Savings, said the writedown reflected "deteriorating economic conditions in our primary market areas and the impact of" Office of Thrift Supervision regulations.

The company's stock was trading at $3.75 Friday, down $1.125 from Thursday's close.

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