Our Story

Welcome

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 Katahdin - the highest mountain in Maine that the bank is proudly named after.

We've seen a lot of 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

Our Mission

Katahdin Trust Company's mission is to provide a broad range of financial services to Maine communities. In providing these services we will endeavor to achieve the highest level of customer satisfaction possible.

We are committed to:

• Providing quality financial service by giving each and every customer courteous, personal, and professional attention. Our employees will be well-trained; knowledgeable and motivated at all times to fulfill our customers' financial needs.
• Continued growth and increased shareholder value at levels in line with maintaining a strong capital position.
• Treating all people fairly and equally.
• Meeting the financial needs of the communities we serve, consistent with maintaining safe and sound banking practices.
• Remaining an independent, locally owned, and managed community bank that adds to the quality of life of the communities we serve.
• Helping businesses grow and prosper.

By adhering to our mission, Katahdin Trust will ensure that our customers, shareholders, and employees alike will benefit from our continued growth and prosperity.

Executive Management Team

Jon Prescott President & CEO Jon leads a passionate team of community bankers with a vision to satisfy customers’ needs by offering products, services, and technology-driven by a culture of superior sales and service. He began his banking career right out of college cleaning the basement and washing windows. Over the years, he has worked in many departments and positions including finance, marketing, and as a branch manager. “There are many stories of employees like me who took advantage of opportunities to grow and evolve in their careers. Encouraging our employees to try new things and find their passion is one of the things I am most proud of at Katahdin Trust.” Joined 1989 President since 1997

Matthew Nightingale Executive Vice President Treasurer & CFO Matt is responsible for the overall leadership of finance, operations, and technology along with oversight of asset-liability management, and financial reporting and analysis. “I learned the value of hard work on the family farm. After college, I wanted to apply that same work ethic to my career in banking and Katahdin Trust has allowed me the opportunity to do just that.” Joined 1998

Krista Putnam, CFMP Executive Vice President Chief Marketing Officer Krista oversees all areas of marketing and advertising including communications, brand strategy, contributions, and public relations efforts. She also holds a Certified Financial Marketing Professional (CFMP) designation. “I started as a Marketing Assistant while finishing up my last semester of college. Even in those early days, I knew that Katahdin Trust was the place where I wanted to be. I feel fortunate that I have been able to build my career and raise my family here in Aroostook County.” Joined 2003

William "Bill" Lucy Executive Vice President Commercial Services Bill offers a wealth of knowledge after having been in the banking industry for more than 38 years. He is responsible for the overall growth and administration of the commercial division of Katahdin Trust. “What makes the Bank special is our unusual autonomy to make decisions quickly for our customers. Our 100-plus-year heritage is built on fiercely independent people who needed a bank they could count on to be there for them.” Joined 2016

Angela Butler Executive Vice President Retail and Business Banking Angela has more than 25 years of banking experience. She is responsible for overseeing the retail division of Katahdin Trust, including the Bank's 16-branch network, retail lending, business development, and Katahdin Financial Services* (a service of Cetera Investment Services LLC, a registered broker-dealer and unaffiliated with Katahdin Trust Company). “Katahdin Trust is a true community bank. Our strength is a team of employees committed to providing the best service and products to our customers throughout the state of Maine. I’m proud to be part of a company that fully embraces the importance of relationship banking.” Joined 2016

Natasha McCarthy,  SHRM-CP Executive Vice President Chief Human Resources Officer Natasha leads the human resources department and is responsible for recruiting and retaining banking staff, including overseeing the benefits package and employee culture, both of which helped earn Katahdin Trust the Best Places to Work in Maine designation and Best Place for Working Parents®. “Watching our employees learn, grow, and thrive at work is what I enjoy most about my role in HR. Their professional development and engagement level are critical to our success. I am proud to be part of a company that offers so many different opportunities for a successful career right here in Maine!” Joined 2009

*Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is not affiliated with the financial institution where investment services are offered. Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services. Investments: 1) Are not FDIC/NCUSIF insured 2) May lose value 3) Are not financial institution guaranteed 4) Are not a deposit 5) Are not insured by any federal government agency. Cetera registered offices: 12 North St., Presque Isle, ME 04769 and 65 North St., Houlton, ME 04730.

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