News Releases

2019

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

2018

Thank You for 100 Years!
12/12/2018 - Katahdin Trust, a full-service community bank,recently held a year-end celebration in honor of its 100th anniversary at each of  its sixteen locations throughout Northern Maine, Greater Bangor and Greater Portland Regions. Read More

Katahdin Bankshares Corp. Announces Dividend
11/28/2018 - Katahdin Bankshares Corp. has announced that it has declared a cash dividend of $0.1075 per share for the fourth quarter of 2018. Read more

Melissa Dahlgren Named Fort Fairfield Branch Manager
11/15/2018 - Katahdin Trust is pleased to name Melissa Dahlgren as the Branch Manager and Retail Services Officer for Fort Fairfield. In this role, Melissa will be responsible for the day-to-day management of activities at the Fort Fairfield branch, sales and business development, and
retail lending. Read more

Wintergreen Express
11/07/2018 - Wintergreen Arts Center and Katahdin Trust announce The Wintergreen Express will be held on two weekends in December . Families may choose from the following four evenings to take a ride on the magic trolley: Friday, December 7, Saturday, December 8, Friday, December 14, and Saturday, December 15, 2018. Read more

Employees Raise Funds for Camp CaPella
11/07/2018 - Camp CaPella recently received $450 from funds raised by employees of a local community bank. “Once a month Katahdin Trust employees from our northern Maine, Greater Bangor and Portland area offices can participate in our Casual Because We Care program,” explains Krista Putnam, Senior Vice President, Marketing. Read more

Sam Clockedile Promoted to Marketing Officer
10/31/2018 - Katahdin Trust is pleased to announce the promotion of Sam Clockedile to Marketing Officer. In this role, he will be responsible for the implementation of the Bank’s advertising campaigns, branch merchandise, promotional material, and marketing communications
for all sixteen locations from Fort Kent to Scarborough. Read more

Get Smart About Credit
10/10/2018 - Katahdin Trust is teaming up with the American Bankers Association Foundation’s Get Smart About Credit program as part of an ongoing effort to promote financial literacy and teach Maine teens how to effectively use credit. Read more

Sarah Bowie Hired As Business Development Officer in Greater Portland
10/03/2018 - Katahdin Trust has announced the hire of  Sarah Bowie as Vice President, Business Development Officer for their greater Portland market area according  to Executive Vice President of Retail Services, Bonnie Foster. Read more

7 Ways to Avoid Online Fraud
09/26/2018 - Cyber-attacks are becoming more and more sophisticated and common.  According to the FBI’s Internet Crime Complaint Center, in 2016 cyber victims lost $1.3 billion from  scams initiated through the web. In recognition of National Cybersecurity Awareness Month, Katahdin Trust is highlighting seven tips to help consumers protect themselves against online fraud. Read more

Best Places to Work in Maine
09/19/2018 - Katahdin Trust, a locally owned and managed community bank founded in 1918 serving the financial needs of Aroostook, Penobscot and Cumberland counties, was recently named as one of the 2018 Best Places to Work in Maine. Read more

Krista Putnam Joins Senior Management Team
09/12/2018 – Katahdin Trust recently announced the promotion of Krista K. Putnam to Senior Vice President, Marketing. In her new role, she will continue to oversee all areas of marketing and advertising including communications, brand strategy, contributions, and public relations efforts. She will assume additional management responsibilities including serving on the Bank’s Senior Management Team. Read More

Katahdin Bankshares Corp. announces 3Q Dividend
08/22/2018 - Katahdin Bankshares Corp. has announced that it has declared a cash dividend of $0.1075 per share for the third quarter of 2018. Read More

Penquis’ “We’ve Got Your Back” Program
08/20/2018 - Katahdin Trust is pleased to announce a donation in the amount of $2,500 to the 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

Clockedile Earns National Certification
07/25/2018 - Sam Clockedile, Marketing and Advertising Specialist at Katahdin Trust, was recently awarded the Certified Financial Marketing Professional (CFMP) certification from the American Bankers Association. Read More

Employees Raise $600 for Ronald McDonald House Charities of Maine
07/25/2018 - Ronald McDonald House of Charities of Maine (RMHC) recently received $600 from funds raised by employees of Katahdin Trust. Read More

Good Shepherd Food Bank Donation
07/16/2018 - Katahdin Trust has made a 5 year, $25,000 gift to Good Shepherd Food Bank’s Food for All campaign. The donation will support renovations of the Food Bank’s Hampden Distribution Center. Read More

Five Retail Officers Promoted
06/20/2018 - During a special 100th anniversary event, Bonnie Foster, Executive Vice President, Retail Services of Katahdin Trust, announced the promotions of five employees. Read More

Katie Hill Receives New Commitment to Community Award
06/12/2018 - Katahdin Trust recently held a special employee appreciation event and was pleased to present the 2017 Top of the Mountain Commitment to Community Award to Katie Hill, Assistant Vice President, Bank Operations Manager, in recognition of her community involvement. Read More

Employees Recognized for Years of Service
06/06/2018 – Katahdin Trust recently held a special employee appreciation event to recognize several employees who reached a milestone anniversary with the bank ranging from five to thirty-five years of service. Read More

100th Anniversary Event Celebrates Employees
05/30/2018 - To mark the occasion of its 100th anniversary, Katahdin Trust hosted a bankwide employee appreciation event at the Morgan Hill Event Center in Hermon, Maine on Friday, May 11. More than 150 employees convened for this special event to celebrate their hard work and dedication over the past year. Read More

Katahdin Bankshares Corp. announces 2Q Dividend
05/23/2018 - Katahdin Bankshares Corp. has announced that it has declared a cash dividend of $0.1075 per share for the second quarter of 2018. Read More

Katahdin Trust Announces Senior Leadership Promotions
05/23/2018 - Jon J. Prescott, President/CEO of Katahdin Trust recently announced the promotion of Matthew M. Nightingale to Executive Vice President, Treasurer & CFO; Bonnie C. Foster to Executive Vice President, Retail Services; and William P. Lucy to Executive Vice President, Commercial Services. Read More

Helping Feed Families in Maine
05/08/2018 - We’re on our way to ending hunger in Maine, and you can help! Katahdin Trust is pleased to partner with United Way of Eastern Maine and Good Shepherd Food Bank to serve as a collection point for the Pantry Project at our three Bangor area branches throughout the month of April. Our goal is to collect as many canned goods as we can to help those less fortunate in our local communities. Read More

Jamie Haining Hired as Business Development Officer
04/18/2018 - Bonnie Foster, Executive Vice President of Retail Services for Katahdin Trust has announced the hire of Jamie Haining to Vice President, Business Development Officer. Based from the Bank’s Hampden branch, Haining will be responsible for business development of all types with a concentration on deposit services for small business, commercial and non-profit entities in the greater Bangor area. Read More

Equity Builders Program
04/09/2018 - Eligible homebuyers could receive up to $11,000 in down-payment and closing assistance thanks to the Equity Builder Program and Katahdin Trust. Read More

Rebecca Potter Promoted to Commercial Services Officer
04/04/2018 - William Lucy, Executive Vice President, Commercial Services for Katahdin Trust recently announced the promotion of Rebecca Potter to Commercial Services Officer. Based at the Bank’s Bangor location at 52 Springer Drive, she will be responsible for business lending and development in the greater Bangor area. Read More

'Teach Children to Save' Campaign
04/03/2018 - Katahdin Trust is partnering with schools in Northern and Central Maine to celebrate Teach Children to Save Day with savings education throughout the month of April. Many local students will explore lessons on the difference between needs and wants, learn how to identify expenses, trade-offs and ways to cut spending. Read More

Pantry Project Collection Point
04/02/2018 - We’re on our way to ending hunger in Maine, and you can help! Katahdin Trust is pleased to partner with United Way of Eastern Maine and Good Shepherd Food Bank to serve as a collection point for the Pantry Project at our three Bangor area branches throughout the month of April. Our goal is to collect as many canned goods as we can to help those less fortunate in our local communities. Read More

Summer Slide Summer Reading Program Partnership
03/27/2018 - United Way of Aroostook is excited to announce it will once again partner with Katahdin Trust to offer every first grader throughout Aroostook County a backpack with free books to read over the summer. Known as “The Summer Slide”, the program encourages early readers to continue reading throughout the summer to keep their reading skills sharp and to strengthen their reading fluency. Read More

$1,000 Prize Winner Announced
03/27/2018 - To mark the occasion of its 100th anniversary, Katahdin Trust held a five-day bank-wide celebration in March. Hundreds of customers and community members stopped by to enjoy refreshments, special anniversary giveaways, and enter to win the daily drawing including a $1,000 grand prize. Read More

Cary Library Renovation Project
03/23/2018 - Katahdin Trust was pleased to present a $3,000 donation to Cary Library on March 21, 2018. The donation will be used toward Cary Library’s external renovation project taking place this summer, including the replacement of windows and stone facing on the north wall. Read More

Employees Raise $600 for Jobs for Maine’s Graduates
03/19/2018 - Jobs for Maine’s Graduates (JMG) was the recipient of funds raised by employees of a local community bank. “Once a month Katahdin Trust employees can donate a minimum of $1 to participate in our Casual Because We Care program,” explains Krista Putnam, Vice President, Marketing. “Our employees were excited to support JMG and all they do to help young people work toward successful career pathways.” Read More

7 Worthwhile Ways to Use Your Tax Refund
03/13/2018 - According to the Internal Revenue Service, more than 70 percent of the nation’s taxpayers received a tax refund averaging nearly $3,000 in 2017 and will get a similar amount this year. As Americans receive their refunds along with additional benefits coming from the Tax Cuts and Jobs Act passed in December, Katahdin Trust has highlighted seven tips to help them use their money wisely. Read More

100th Anniversary Ceremony in Patten
03/08/2018 - In celebration of the 100th anniversary of Katahdin Trust, the bank held a special ceremony on March 7, 2018 in Patten where it all began a century ago. Read More

Weeklong 100th Anniversary Celebration
02/21/2018 - On March 7, 1918 Katahdin Trust opened its doors for the very first time in Patten, Maine. To mark the occasion of its 100th anniversary, the bank has planned a weeklong celebration at all 16 branch locations throughout Maine. From Monday, March 5 – Friday, March 9, 2018, all visitors are welcome to stop by and enjoy refreshments, special anniversary giveaways, and enter to win the daily drawing including a $1,000 grand prize. Read More

National AAP Recognition Day
02/13/2018 - In honor of National AAP Recognition Day on February 13, Katahdin Trust joins the National Automated Clearing House Association (NACHA) in recognizing Accredited ACH Professionals (AAPs) and the integral role they play in managing ACH today – and as it evolves and innovates for the future – for a vast number of financial institutions and businesses of all sizes. Read More

Houlton Recreation Department Benefits from 2018 Wild Katahdin Trust Snow Run
02/12/2018 - Despite being delayed a day due to cold weather, this year’s 34th Annual Wild Katahdin Trust Snow Run went off without a hitch on Sunday, February 4th and as a result $500 was raised for the Houlton Recreation Department in their effort to raise funds for some much needed playground equipment upgrades. Read More

Presque Isle Athletic Boosters Club Fundraising Efforts
02/09/2018 - Katahdin Trust was pleased to present a $250 donation to Presque Isle Athletic Booster Club. “Our contribution will help the club expand the storage capacity and add additional bathrooms to the concession building at the Johnson Athletic Complex at the Presque Isle Middle School,” shares Joe Clukey, Assistant Vice President, Retail Services Officer. Read More

Berthiaume Achieves NSSA Advisors Certificate
01/30/2018 - Brad Berthiaume, Vice President, Financial Consultant with Katahdin Financial Services in Houlton, has achieved National Social Security Advisors certificate from the National Social Security Association LLC in Cincinnati. Read More

2018 OTCQX Best 50
01/24/2018 - Katahdin Bankshares Corp. is pleased to announce it has been named to the 2018 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. Read More

National Data Privacy Day
01/24/2018 - January 28th is National Data Privacy Day, and Katahdin Trust is leading the charge in an educational initiative focusing on raising awareness among businesses and individuals about the importance of protecting the privacy of personal information. Read More

34th Annual Wild Katahdin Trust Snow Run
01/16/2018 - Katahdin Trust is pleased to partner with the Town of Houlton Parks and Recreation Department and the Aroostook Musterds to once again sponsor the 34th Annual Wild Katahdin Trust Snow Run, happening in Houlton on Saturday, February 3rd during Moosestompers Weekend. This year, funds raised through the event will benefit the Houlton Recreation Department. 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.