Katahdin Trust is a locally owned and managed community bank founded in Patten on March 7, 1918. We have more than $983 million in assets and 180 employees. Katahdin Trust has 16 full-service branches throughout northern Maine, greater Bangor and the Portland regions.
Relationships are at the heart of what we do. We pair financial expertise with a passion for getting to know you as an individual. We’re on a mission to help you manage your money in a way that matches your lifestyle. That’s why we take the time to understand how banking fits your goals. We also give you the easy access and mobile tools you need to manage your money on your terms.
Katahdin Trust offers individuals and businesses a full menu of products and services. This includes everything from: Savings, Checking Accounts, CDs, Commercial Mortgages, Residential Mortgages, SBA Loans, Business Lines of Credit, and much more.
Where We Come From
Our small-town roots keep us grounded.
As the 19th century rolled into the 20th, business leaders across the nation began opening independent, community banks. The goal was to meet the financial needs of families and business owners largely ignored by big-city banks. In northern Maine, Katahdin Trust was such a bank; opening its doors in Patten on March 7, 1918. Patten is located at the north entrance of Baxter State Park and has a breathtaking view of Mt. Katahdin - the highest mountain in Maine that the bank is proudly named after.
We've seen a lot change over the years. What has carried our Bank through for more than 100 years is consistency in our mission. Being a positive influence in the communities we serve has been one of our top priorities. Our founders probably wouldn't recognize the modern technologies and methods of banking today. It's a certainty that they would appreciate the continued commitment to personal service. We've never lost sight of the original vision of our founders. We have remained responsive to the needs of our communities while providing comprehensive solutions and impeccable service.
The past, present, and future are rooted in the community. This is why community banking at its best is not just a slogan; it's a way of doing business. It's our mindset and our promise to each person who graces our doorway.
Let's take a look back at some key events
||Opened for business in Patten
||Opened Branch in Island Falls
||Opened Branch in Oakfield
||Opened Branch in Houlton
1991 - Opened Branch in Presque Isle
1995 - Opened a Branch in Mars Hill and Caribou
1997 - Opened Operations Center in Houlton
2000 - Acquired 8 Peoples Heritage Bank (TD Bank) branches
2002 - Relocated Branch in Presque Isle
2007 - Opened Commercial Loan Office in Scarborough and Acquired Maine Financial Group
2008 - Opened Commercial Loan Office in Bangor
2010 - Opened Branch in Bangor on Broadway
2011 - Opened Branch in Hampden
2012 - Opened Second Branch in Bangor on Springer Drive
2013 - Expanded Scarborough Office to include deposit and teller services
2014 - Opened Branch in Fort Kent
2018 - Celebrated 100th Anniversary
Relocated Branch in Scarborough and expanded services to include drive-up lanes and ATM