News Releases

2020

Katahdin Bankshares Corp. Reports Fourth Quarter Results
01/28/2020 - Katahdin Bankshares Corp. announced fourth quarter earnings of $1.91 million, or $0.58 per common share. Read More

Katahdin Bankshares Corp. Named to 2020 OTCQX Best 50
01/23/2020 - We're pleased to have been named to the 2020 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. Read More

Katahdin Trust Supports Caribou Performing Arts Center
01/21/2020 - We're pleased to announce a monetary donation of $1,000 to The Center for the Advancement of Rural Living (CARL) for the Caribou Performing Arts Center Revitalization Project. Read More

United Way of Aroostook Receives more than $25,000 in Employee Contributions and Corporate Donations from Katahdin Trust 
01/13/2020 - Employee gifts were combined with additional monetary and in-kind donations by the Bank, including a corporate match and support of other programs, for a total of more than $25,000. Read More

Rebecca Smith Promoted to AVP, Branch Manager and Retail Services Officer 
01/06/2020 - Katahdin Trust Company is pleased to announce the promotion of Rebecca Smith to Assistant Vice President, Branch Manager and Retail Services Officer. Read More

2019

Justin Jamison Joins Katahdin Trust
12/09/2019 - Katahdin Trust Company has announced the hiring of Justin Jamison, Vice President, Commercial Services Officer. In this role, Justin will be based at 52 Springer Drive in Bangor and be responsible for developing and managing new and existing business lending relationships for the Bank. Read More

Sarah Gardiner Promoted to Senior Credit Analyst
11/26/2019 - Katahdin Trust Company has announced the promotion of Sarah Gardiner to Senior Credit Analyst. In her new role, Sarah will be based in Presque Isle and responsible for overseeing the general credit analysis process for the Bank, including the supervision and training of other Credit Analysts. Read More

Billi Griffeth Promoted to Regional Vice President
11/21/2019 - Katahdin Trust Company has announced the promotion of Billi Griffeth to Regional Vice President. Based out of Presque Isle, Billi will oversee the Bank’s northern Maine branch network ranging from Patten to Fort Kent. Read More

Katahdin Bankshares Corp. Announces Dividend
11/20/2019 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.1125 per share for the fourth quarter of 2019. Read More

Angela Butler Promoted to Senior Vice President, Retail and Business Banking, and the upcoming retirement of Bonnie Foster
11/13/2019 - Katahdin Trust Company has announced the promotion of Angela T. Butler to Senior Vice President, Retail and Business Banking. Angela will join the Bank’s Senior Management Team and eventually replace Bonnie Foster, who has announced her decision to step down as Executive Vice President, Retail Services, effective July 31, 2020. Read More

Employees Donate to Pine Tree Camp
11/07/2019 - Pine Tree Society recently received $4,500 from funds raised by employees of a local community bank to benefit Pine Tree Camp. “Every Friday, Katahdin Trust employees from our 16 northern Maine, greater Bangor and Portland area offices can participate in our Casual Because We Care program,” explains Natasha McCarthy, Vice President, Human Resources Director. Read More

Wintergreen Express
11/06/2019 - Wintergreen Arts Center and Katahdin Trust announce The Wintergreen Express holiday event dates for this year. Families may choose from the following evenings to take a ride on the magic trolley: Friday, December 13, Saturday, December 14, and Sunday, December 15, 2019. Read More

Katahdin Bankshares Corp. Announces Third Quarter Results
10/23/2019 - Katahdin Bankshares Corp. announced third-quarter earnings of $2.25 million, or $0.68 per common share. Read More

Helping Maine Teens ‘Get Smart About Credit’ with Financial Education Lessons
10/08/2019 - Katahdin Trust is teaming up with the American Bankers Association Foundation’s Get Smart About Credit program as part of an ongoing effort to teach Maine teens how to effectively use credit. Read More

12 Tips to Protect Your Mobile Device From Hackers 
10/01/2019 - According to the Federal Reserve, more than two-thirds of the U.S. population owns a smartphone or internet-enabled device. As popularity among these devices continues to grow, Katahdin Trust is highlighting 12 important steps that users can take to protect their devices from cyber threats. Read More

2019 Best Places to Work in Maine
09/13/2019 - Katahdin Trust was recently named as one of the 2019 Best Places to Work in Maine, for the second year in a row. Read More

Katahdin Trust Named Presenting Sponsor of the Going Places PI Loop
09/09/2019 - Going Places Network is proud to announce local bank Katahdin Trust as the Presenting Sponsor of The PI Loop, a new transportation solution for the Presque Isle community. Read More

Katahdin Bankshares Corp. Announces Dividend
08/28/2019 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.1125 per share for the third quarter of 2019. Read More

Penquis’ “We’ve Got Your Back” Campaign Donation
08/21/2019 - Katahdin Trust was pleased to present a $2,500 donation to Penquis’ “We’ve Got Your Back” campaign. The funds were used to purchase backpacks and school supplies for children from families facing financial challenges. Read More

Katahdin Bankshares Corp. Announces Second Quarter Results
07/18/2019 - Katahdin Bankshares Corp. announced second-quarter earnings of $2.18 million, or $0.56 per common share, exceeding last year’s second quarter by $314,000 or 17.4%. Read More

Blake Hamel Joins Maine Financial Group
07/17/2019 - Blake Hamel has joined Maine Financial Group (MFG) as a Commercial Services Officer. MFG is an affiliate of Katahdin Trust and is located in Scarborough specializing in equipment financing, offering flexible programs for new and used equipment purchases, loan refinance and consolidation, working capital, and equipment repair. Read More

Joe Clukey Receives Commitment to Community Award
07/10/2019 - Katahdin Trust  recently held a special company-wide employee appreciation event that included presenting the Top of the Mountain Commitment to Community Award. This year’s award went to Joe Clukey, Vice President, Retail Services Officer in Presque Isle. Read More

Katahdin Bankshares Corp. Announces Stock Buyback Program
06/26/2019 - 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, 2020. Read More

Employees Recognized for Years of Service
06/26/2019 - Katahdin Trust recently held a company-wide employee appreciation event. Throughout the evening, more than 155 employees enjoyed games, prizes, entertainment, and a delicious meal together. Employees who reached a milestone anniversary with the Bank were also recognized for their achievements, ranging from five to forty years of service. Read More

Tips for Financial Success
06/19/2019 - During this season of high school and college graduations, Katahdin Trust is stressing the importance of a sound financial lifestyle. The Bank is pleased to share seven tips that anyone can benefit from in their financial planning efforts. Read More

Welcome Karyn MacLeod
06/12/2019 - Katahdin Trust is pleased to announce and welcome Karyn MacLeod as Vice President, Commercial Services Officer. She will be based at our Scarborough location and will be responsible for business lending and development. Read More

Teresa Lincoln Promoted
06/05/2019 - Katahdin Trust is pleased to announce the promotion of Teresa Lincoln to Executive Assistant. She replaces Vicki Smith, who has since retired. Read More

Katahdin Bankshares Corp. Announces Dividend
05/29/2019 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.1125 per share for the second quarter of 2019. Read More

Housing Our Workforce Grant Program
05/22/2019 - Katahdin Trust has been selected to participate in Federal Home Loan Bank of Boston’s (FHLBank Boston) Housing Our Workforce (HOW) program. The $2 million program offers a two-to-one match of down payments made at the time of purchase by eligible homebuyers. Launched this year, HOW provides assistance with down payment costs to eligible homebuyers who earn more than 80 percent and up to 120 percent of the area median income. Read More

Sue McCarthy Promoted
05/15/2019 - Katahdin Trust has announced the promotion of Susan L. McCarthy to Vice President, Manager and Commercial Services Officer for Maine Financial Group (MFG), an affiliate located in Scarborough and specializing in equipment financing. MFG offers flexible programs for new and used equipment purchases, loan refinance and consolidation, working capital and equipment repair. Read More

Summer Slide Literacy Partnership
04/19/2019 - Katahdin Trust will partner with United Way of Aroostook once again to offer all first graders throughout Aroostook County a backpack with free books to read over the summer through the Summer Slide Program. Read More

Katahdin Bankshares Corp. Announces First Quarter Results
04/17/2019 - Katahdin Bankshares Corp. has announced first-quarter earnings of $1.85 million, or $0.49 per common share. First quarter earnings exceeded 2018 first quarter earnings by $212,000 or 13.0%. Read More

New Ventures Maine 'Business Basics' Course
04/10/2019 - Recently Katahdin Trust sponsored New Ventures Maine's Business Basics course in Portland. The three part course covered the basics of creating a business plan, marketing, cash planning and more. In addition to the Bank’s monetary donation, Vicki Bessette, Vice President, Commercial Services Officer in Scarborough was a guest speaker at one class. Read More

Neighbors United Project
04/04/2019 - Throughout the month of April, Katahdin Trust is partnering with United Way of Eastern Maine’s (UWEM) Neighbors United Project to collect art supplies for local children’s programs. Our three Bangor area branches hope to collect as many art supplies as possible to benefit a number of programs that serve children throughout the summer months. Read More

Caribou Performing Arts Center Donation
03/27/2019 - As the Caribou Performing Arts Center celebrates its 30th anniversary, Katahdin Trust is pleased to partner with the Center for Advancement of Rural Living (CARL) to reinvigorate the arts center as a destination location through a $5,000 donation. Read More

Teach Children to Save Day
03/20/2019 - Throughout the month of April, Katahdin Trust will be partnering up with local schools and students to explore lessons about saving, the difference between needs and wants, learn how to identify expenses, trade-offs and ways to cut spending. Read More

Down Payment Assistance for Homebuyers
03/13/2019 - Eligible homebuyers could receive up to $15,000 in down payment and closing cost assistance thanks to the Equity Builder Program and Katahdin Trust, a community bank serving northern Maine and the greater Bangor and Portland regions. Read More

 $38,000 United Way of Aroostook Contribution
02/27/2019 - For more than 100 years Katahdin Trust and its employees have supported hundreds of local organizations through donations, volunteerism and in-kind donations. We're pleased to announce that the United Way of Aroostook Received more than $38,000 in Employee Contributions and Corporate Donations. Read More

Katahdin Bankshares Corp. Announces Dividend
02/27/2019 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.1125 per share for the first quarter of 2019. Read More

Alison Gould Promoted
02/20/2019 - Katahdin Trust Company is pleased to announce the promotion of Alison Gould to Assistant Vice President, Commercial Services Officer in Houlton. She will continue to help businesses grow and prosper in southern Aroostook County and provide personalized solutions for their banking needs. Read More

Wild Katahdin Trust Snow Run Results
02/15/2019 – The 35th Annual Wild Katahdin Trust Snow Run was held on Saturday, February 2nd during Moosestompers Weekend. Funds raised benefited the Houlton Parks & Recreation Department’s Just for Kids Playground. Read More

Brad Berthiaume Promoted
02/06/2019 – Jon Prescott, Katahdin Trust President & CEO, has announced the promotion of Bradley Berthiaume to Senior Vice President, Financial Consultant. Brad serves customers in Aroostook County and Greater Bangor, specializing in professional money management, financial planning, stocks, bonds, mutual funds, annuities, IRAs, life insurance, long term care and much more. Read More

Katahdin Bankshares Corp. Reports Fourth Quarter Results
02/01/2019 - Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, has announced fourth-quarter earnings of $1.89 million, or $0.50 per common share. Read More

Hill, McCarthy & Goodwin Promoted
01/30/2019 - Jon Prescott, Katahdin Trust President & CEO, has announced the promotions of the following employees in administration and operations: Katherine “Katie” Hill has been promoted to Vice President, Bank Operations Manager; Natasha McCarthy has been promoted to Vice President, Human Resources Director; and Kate Goodwin has been promoted to Vice President, Project Manager.   Read More

Government Shutdown Assistance
01/14/2019 - Katahdin Trust, a full-service community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announces special financial assistance to customers affected by the United States government shutdown. Read More

Aroostook Area Agency on Aging Pledge
01/14/2019 - The Aroostook Agency on Aging announced today that Katahdin Trust has pledged to support the new Aroostook Aging & Disability Resource Center located in Presque Isle through a leadership donation of $20,000. Read More

35th Annual Wild Katahdin Trust Snow Run
01/10/2019 - Katahdin Trust is pleased to partner once again with the Town of Houlton and the Aroostook Musterds to sponsor the 35th Annual Wild Katahdin Trust Snow Run, happening in Houlton on Saturday, February 2nd during Moosestompers Weekend. Read More

 Katahdin Bankshares Corp. Welcomes Two New Directors 
01/07/2019 - Katahdin Bankshares Corp. recently announced the appointment of Marianna “Molly” Putnam Liddell, Esq. of Yarmouth and Keith P. Bourgoin, CPA of Hampden to its Board of Directors. Read More

Check out our financial news releases regarding dividend announcements and more.

Contact Us

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