Our Story | Where We Come From | Katahdin Trust Company (Houlton, ME)

Our Story

Community Banking at its Best!  Since 1918!

Proudly serving our neighbors for more than 100 years. Named as one of the 2018-2023 Best Places to Work in Maine and designated as 2022 & 2023 Best Place for Working Parents®.

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Katahdin Trust is a locally owned and managed community bank founded in Patten on March 7, 1918. We have more than $1 billion 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

1918 Opened for business in Patten
1921 Opened Branch in Island Falls
1976 Opened Branch in Oakfield
1987 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


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

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

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

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

Angela Butler

Angela Butler

Executive Vice President
Chief Banking Officer

Angela has been in the banking industry since 1993 and joined Katahdin Trust in 2016. She is responsible for overseeing the retail and commercial divisions of Katahdin Trust, including the Bank's 16-branch network, 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

Natasha McCarthy, 

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.



Commitment to Community

The impact we make on our neighbors and neighborhoods is important to us and the communities we do business with.



Whether you are looking for your first job or thinking about a career change - Find Yourself in Banking! Choose from a range of positions in customer service, lending, accounting, IT, marketing, and more.


Shareholder Relations

Katahdin Bankshares Corp. (OTCQX:KTHN) is the parent company of Katahdin Trust Company. We welcome shareholder and public interest in our stock, services, and activities.




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