News Releases

2024

Katahdin Bankshares Corp. Announces Quarterly Dividend
11/20/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the fourth quarter of 2024. Read More

Katahdin Trust Named 2024 Best Places to Work in Maine
11/12/2024 - Katahdin Trust is proud to receive the Best Places to Work in Maine designation for 7 consecutive years! Read More

Offer to Repurchase 5.375% Fixed Senior Unsecured Notes
11/01/2024 - Katahdin Bankshares Corp. has extended an offer to repurchase any or all of its outstanding 5.375% Fixed Senior Unsecured Notes having a maturity date of June 15, 2026. Read More

Katahdin Bankshares Corp. Reports Third Quarter Results
10/22/2024 - Katahdin Bankshares Corp. has announced 2024 third-quarter earnings of $2.27 million, or $0.71 per common share. View Report

Patti Perry Promoted to Bank Officer Position
10/03/2024 - Katahdin Trust is pleased to announce the promotion of Patricia (Patti) Perry to the officer position of Accountant. Read More

Sabra Scott Earns MBA and Promotion
09/18/2024 - Katahdin Trust Company is pleased to announce the promotion of Sabra Scott. Read More

Katahdin Trust Welcomes Michelle Ritcheson, Senior Vice President, Senior Credit Officer
09/12/2024 - Katahdin Trust is pleased to announce the hiring of Michelle Ritcheson as Senior Vice President, Senior Credit Officer. Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
08/29/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the third quarter of 2024. Read More

Katahdin Trust Company Announces Donation to Tekαkαpimək Contact Station at Katahdin Woods and Waters National Monument
08/23/2024 - Katahdin Trust Company is pleased to announce a significant contribution to the Tekαkαpimək Contact Station, a new facility at the Katahdin Woods and Waters National Monument. Read More

Katahdin Trust’s Craig Robinson Promoted to Vice President, Commercial Services Officer
08/14/2024 - Katahdin Trust Company is pleased to announce the promotion of Craig Robinson to Vice President, Commercial Services Officer. Read More

Blake Hamel Promoted to Assistant Vice President, Commercial Services Officer
07/31/2024 - Maine Financial Group (MFG), a Katahdin Trust Company Affiliate specializing in equipment financing, is pleased to announce the promotion of Blake Hamel to Assistant Vice President, Commercial Services Officer. Read More

Katahdin Bankshares Corp. Reports Second Quarter Results
07/22/2024 - Katahdin Bankshares Corp. has announced 2024 second-quarter earnings of $2 million, or $0.63 per common share. View Report

Katahdin Trust Enhances Employee Benefits Package with $6,000 Retention Bonus for Community Bankers
07/16/2024 - Katahdin Trust Company is pleased to announce a new retention bonus program aimed at attracting and retaining talented individuals to join Katahdin Trust’s team as Community Banker I or Community Banker II at any of the bank’s sixteen locations throughout Maine. Read More

Katahdin Trust Announces Top of the Mountain Award Recipient and Recognizes Employees for Years of Service
07/10/2024 - Katahdin Trust recently celebrated its employees at a Bank-wide Employee Appreciation event and named Lindsay Corey their Top of the Mountain Award recipient. Read More

Katahdin Trust Named A 2024 Best Place for Working Parents
07/03/2024 - Katahdin Trust Company is proud to announce their designation as a 2024 Best Place for Working Parents®. This marks the third consecutive year receiving this recognition. Read More

Katahdin Trust Promotes Tory Delano
05/23/2024 - Katahdin Trust is pleased to announce the promotion of Tory Delano to Senior Credit Analyst and Department Manager. Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
05/22/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the second quarter of 2024. Read More

Katahdin Bankshares Corp. Reports First Quarter Results
04/24/2024 - Katahdin Bankshares Corp. has announced 2024 first-quarter earnings of $2.04 million, or $0.64 per common share. View Report

Katahdin Trust Announces Several Employee Promotions
04/10/2024 - Katahdin Trust Company is pleased to announce the promotion of 17 employees across various departments within the Bank. Read More

Katahdin Bankshares Corp. Posts 2023 Annual Report
03/04/2024 - Katahdin Bankshares Corp. has published its annual report for the year ended December 31, 2023. View Report

Katahdin Bankshares Corp. Announces Quarterly Dividend
02/21/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the first quarter of 2024. Read More

Katahdin Bankshares Corp. Reports Fourth Quarter Results
01/29/2024 - Katahdin Bankshares Corp. has announced 2023 fourth-quarter earnings of $2.33 million, or $0.73 per common share. View Report

Katahdin Trust Welcomes Russ Johnston
01/26/2024 - Katahdin Trust is pleased to welcome Russ Johnston as Vice President, Commercial Services Officer. Read More

Katahdin Trust and Bank Employees Donate $14,000 to United Way
01/11/2024 - Katahdin Trust has partnered with the United Way of Aroostook for their annual workplace giving campaign for several years and this year was no exception. The Bank and its employees have raised a total of $14,000. Funds raised will directly benefit those in Aroostook County who are experiencing challenges and hardships. Read More

Katahdin Bankshares Announces Stock Buyback Program
01/05/2024 - Katahdin Trust Company announced that its Board of Directors has approved a Stock Buyback Program. The Program authorizes the purchase of up to $2,000,000 of the Company’s outstanding shares of Common Stock through December 31, 2024. Read More

2023

Katahdin Trust Promotes Herbert and King to Community Banking Officer
12/28/2023 - Katahdin Trust Company is pleased to announce the promotions of Searra Herbert and Michaela King to Community Banking Officer and Cash Management Specialist. Read More

Katahdin Trust Employees Raise $3,000 for St. Apollonia Dental Clinic
12/19/2023 - The St. Apollonia Dental Clinic was selected to be the recipient of funds raised during the first three quarters of 2023 by employees of Katahdin Trust. Read More

Tory Delano Promoted to Officer and Credit Analyst III
11/30/2023 - Katahdin Trust is pleased to announce the promotion of Tory Delano to the officer position of Credit Analyst III. Read More

Katahdin Bankshares Corp. Announces Dividend
11/15/2023 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.152 per share for the fourth quarter of 2023. Read More

Katahdin Trust Welcomes James Nelson
11/14/2023 - Katahdin Trust is pleased to welcome James Nelson as Vice President, Commercial Services Officer. Read More

Katahdin Bankshares Corp. Reports Third Quarter Results
10/19/2023 - Katahdin Bankshares Corp. has announced 2023 third-quarter earnings of $2.58 million, or $0.81 per common share. View Report

Katahdin Trust Named 2023 Best Places to Work in Maine
10/12/2023 - Katahdin Trust is proud to receive the Best Places to Work in Maine designation for 6 consecutive years! Read More

Katahdin Trust Joins ABA's - Banks Never Ask That Campaign
10/02/2023 - Katahdin Trust joined the American Bankers Association and banks across the nation to promote an industry-wide campaign educating consumers about the persistent threat of phishing scams. Read More

Justin Jamison named Senior Vice President, Commercial Services Officer
09/06/2023 - Katahdin Trust is pleased to announce the promotion of Justin Jamison to SVP, Commercial Services Officer. Read More

Katahdin Bankshares Corp. Announces Dividend
08/23/2023 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.152 per share for the third quarter of 2023. Read More

Katahdin Trust Welcomes Nick DiMatteo
08/03/2023 - Katahdin Trust is pleased to welcome Nick DiMatteo as Senior Vice President, Commercial Services Officer. Read More

Katahdin Bankshares Corp. Named a Top 200 Publicly Traded Community Bank
07/25/2023 - Katahdin Bankshares Corp., parent company of Katahdin Trust Company, has been named one of the Top 200 Publicly Traded Banks for the fourth consecutive year. Read More

Katahdin Bankshares Corp. Reports Second Quarter Results
07/20/2023 - Katahdin Bankshares Corp. has announced 2023 second-quarter earnings of $2.48 million, or $0.77 per common share. View Report

Katahdin Trust Announces Top of the Mountain Award Recipient and Recognizes Employees for Years of Service
06/13/2023 - Katahdin Trust recently celebrated its employees with a Bank wide Employee Appreciation event and named Ruba Haddad their Top of the Mountain Award recipient. Read More

Katahdin Trust’s Casey Gove Receives CompTIA Cybersecurity Analyst Certification
06/05/2023 - Katahdin Trust Company is pleased to announce that Casey Gove, Data Security Administrator has received his CompTIA Cybersecurity Analyst Certification. Read More

Katahdin Trust Announces Retail Officer Promotions
05/26/2023 - Katahdin Trust is proud to announce the promotion of several retail officers to advanced roles within the company. Read More

Katahdin Bankshares Corp. Announces Dividend
05/24/2023 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.152 per share for the second quarter of 2023. Read More

Katahdin Bankshares Corp. Reports First Quarter Results
04/20/2023 - Katahdin Bankshares Corp. has announced 2023 first-quarter earnings of $2.5 million, or $0.77 per common share. Read More

Katahdin Bankshares Corp. Posts 2022 Annual Report
03/17/2023 - Katahdin Bankshares Corp. has published its annual report for the year ended December 31, 2022. View Report

Katahdin Trust Named A 2023 Best Place for Working Parents
03/10/2023 - Katahdin Trust Company is proud to announce their designation as a 2023 Best Place for Working Parents®. Katahdin Trust has earned this award for their family-friendly policies and employee benefits they offer, particularly for working parents. Read More

Katahdin Bankshares Corp. Announces Dividend
02/22/2023 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.152 per share for the first quarter of 2023. Read More

Katahdin Bankshares Corp. Welcomes Ben Carlisle and Julie Libby as New Directors
02/02/2023 - Katahdin Bankshares Corp. announces the appointment of Benjamin D. Carlisle of Bangor and Julie A. Libby of Presque Isle to its Board of Directors, effective January 25, 2023. Read More

Scott Rossignol named Assistant Vice President, System Administrator
01/30/2023 - Katahdin Trust is pleased to announce the promotion of Scott Rossignol to AVP, System Administrator. Read More

Katahdin Bankshares Corp. Reports Fourth Quarter Results
01/27/2023 - Katahdin Bankshares Corp. has announced fourth quarter earnings of $3.2 million, or $0.98 per common share. Read More

2022

Katahdin Bankshares Announces Stock Buyback Program, Up to $2.0 Million
12/30/2022 - Katahdin Bankshares Corp. announced that its Board of Directors has approved a Stock Buyback Program. The Program authorizes the purchase of up to $2,000,000 of the Company’s outstanding shares of Common Stock through December 31, 2023. Read More

Katahdin Trust Employees raise $2,400 for Aroostook House of Comfort
11/17/2022 - The Aroostook House of Comfort was selected to be the recipient of funds raised during the first three quarters of 2022 by employees of Katahdin Trust, a local community bank. Read More

Katahdin Bankshares Corp. Announces Dividend
11/16/2022 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.138 per share for the fourth quarter of 2022. Read More

Natasha McCarthy named Executive Vice President, Chief Human Resources Officer
11/14/2022 - Katahdin Trust is pleased to announce the promotion of Natasha McCarthy to EVP, Chief Human Resources Officer. Read More

Katahdin Trust Recognizes Employees for Years of Service and Names Top of the Mountain Award Recipient
10/28/2022 - Katahdin Trust recently celebrated its employees with regional employee appreciation events and named Patty Hersey their Top of the Mountain Award recipient. Read More

Katie Hill named Next Up: 40 Under 40 Honoree
10/24/2022 - Katahdin Trust is pleased to announce that Katie Hill, VP, Bank Operations Manager, has been named a "Mainebiz Next Up: 40 Under 40" honoree. Read More

Katahdin Bankshares Corp. Reports Third Quarter Results
10/20/2022 - Katahdin Bankshares Corp. has announced third-quarter earnings of $2.61 million, or $0.80 per common share. Read More

Katahdin Trust Named 2022 Best Places to Work in Maine
10/18/2022 - Katahdin Trust is proud to receive the Best Places to Work in Maine designation for 5 consecutive years! Read More

Katahdin Trust and Varney Agency Hold Joint Ribbon Cutting at their New Location in Scarborough
09/26/2022 - Katahdin Trust and Varney Agency held a ribbon cutting ceremony and open house on Tuesday, September 20. Read More

Katahdin Trust Company’s Natasha McCarthy Named to ICBA’s 40 Under 40:
Emerging Community Bank Leaders List
09/13/2022 - Katahdin Trust Company is pleased to announce that Natasha McCarthy, Vice President and Human Resources Director, has been named to the ICBA Independent Banker’s “40 Under 40: Emerging Community Bank Leaders” list for 2022. Read More

Katahdin Trust Named A 2022 Best Place for Working Parents
09/02/2022 - Katahdin Trust Company is proud to announce their designation as a 2022 Best Place for Working Parents®. Katahdin Trust has earned this award for their family-friendly policies and employee benefits they offer, particularly for working parents. Read More

Katahdin Trust Promotes Pamela Ward to Vice President
08/31/2022 - Katahdin Trust is pleased to announce the promotion of Pamela Ward to Vice President. Read More

Katahdin Bankshares Corp. Announces Dividend
08/24/2022 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.138 per share for the third quarter of 2022. Read More

Katahdin Bankshares Corp. Reports Second Quarter Results
07/19/2022 - Katahdin Bankshares Corp. has announced second-quarter earnings of $2.1 million, or $0.65 per common share. Read More

Promotion of Eunice McAfee and Upcoming Retirement of Sunny Flannery
07/18/2022 - Katahdin Trust is pleased to announce the promotion of Eunice McAfee to Branch Manager and Community Banking Officer of our Hampden branch. Read More

Katahdin Bankshares Corp. Named a Top 200 Publicly Traded Community Bank
07/01/2022 - Katahdin Bankshares Corp., parent company of Katahdin Trust Company, has been named one of the Top 200 Publicly Traded Banks for the third consecutive year. Read More

Katahdin Trust Welcomes Alexis Brown
06/17/2022 - Katahdin Trust is pleased to welcome Alexis Brown as Houlton Branch Manager, Community Banking Officer. Read More

Adam Bither Earns CFP® Certification and is Promoted to Vice President, Financial Consultant at Katahdin Financial Services
06/02/2022 - Katahdin Trust Company is pleased to announce the promotion of Adam Bither, CFP® to Vice President, Financial Consultant with Katahdin Financial Services (a service of Cetera Investment Services LLC, a registered broker-dealer and unaffiliated with Katahdin Trust Company). Read More

Katahdin Bankshares Corp. Announces Dividend
05/25/2022 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.138 per share for the second quarter of 2022. Read More

Katahdin Trust Donates $10,000 Towards Lab Project
04/28/2022 - Katahdin Trust recently made a $10,000 donation to Husson University in Bangor to support their Peabody Hall Lab Renovation Project. Read More

Katahdin Bankshares Corp. Reports First Quarter Results
04/19/2022 - Katahdin Bankshares Corp. has announced first-quarter earnings of $1.8 million, or $0.54 per common share. Read More

Katahdin Bankshares Announces Retirement of Board Member Briggs
04/05/2022 - Katahdin Bankshares Corp. has announced that Peter F. Briggs will retire from the bank’s Board of Directors on April 27, 2022, after twenty-eight years of service. Read More

Katahdin Trust Welcomes Barrett Potter
03/16/2022 - Katahdin Trust is pleased to welcome back Barrett Potter, CPA, CIA as Vice President, Information Security and Vendor Risk Administration. Read More

Katahdin Trust to Relocate Bank Branch in Scarborough
03/07/2022 - The Bank will move from their current branch location to a nearby building at 136 US Route 1 in Scarborough later this year. Read More

Katahdin Trust Donates $50,000 Towards BigRock Chairlift Campaign
03/03/2022 - Katahdin Trust recently made a significant donation towards the BigRock Mountain Chairlift Capital Campaign. Read More

Katahdin Bankshares Corp. Posts 2021 Annual Report
03/01/2022 - Katahdin Bankshares Corp. has published its annual report for the year ended December 31, 2021. Read More

Katahdin Bankshares Corp. Announces Dividend
02/23/2022 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.138 per share for the first quarter. Read More

Katahdin Trust and Bank Employees Raise $22,000 for United Way
02/15/2022 - Katahdin Trust recently partnered with the United Way of Aroostook for its annual workplace giving campaign. The Bank and its employees raised a total of $22,000 to help provide a better quality of life for people experiencing challenges and hardships in Aroostook County. Read More

Katahdin Bankshares Reports Fourth Quarter Results
01/27/2022 - Katahdin Bankshares Corp. has announced fourth-quarter earnings of $1.94 million, or $0.52 per common share. Read More

Contact Us

For more information regarding Katahdin Trust news releases, please email marketing@katahdintrust.com or call 1-800-671-5622, ext. 32011.