Our Story

Community Banking at its Best!  Since 1918!

Proudly serving our neighbors for more than 100 years and named as one of the 2018 & 2019 Best Places to Work in Maine.

 

Welcome

Katahdin Trust is a locally owned and managed community bank founded in Patten on March 7, 1918. We have more than $800 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.

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

1918 Opened for business in Patten
1921 Opened Branch in Island Falls
1976 Opened Branch in Oakfield
1987 Opened Branch in Houlton
1990s

1991 - Opened Branch in Presque Isle

1995 - Opened a Branch in Mars Hill and Caribou

1997 - Opened Operations Center in Houlton

2000s

2000 - Acquired 8 Peoples Heritage Bank (TD Bank) branches

2007 - Opened Commercial Loan Office in Scarborough and Acquired Maine Financial Group

2008 - Opened Commercial Loan Office in Bangor

2010s

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

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 business 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.

Senior 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

Bonnie Foster

Bonnie Foster

Executive Vice President
Retail Services

Bonnie has more than 36 years of banking experience. She oversees the retail division of the Bank, including the branch network. She is also responsible for consumer lending, facilities, training, corporate business development, and Katahdin Financial Services* (a service of Cetera Investment Service LLC, a registered broker-dealer and unaffiliated with Katahdin Trust Company).

“Katahdin Trust has always been there for our customers. Equally important, we take great pride in participating in our communities as a Bank and as individual bankers. That has not changed since we opened in 1918.”

Joined 2000

William Lucy

William "Bill" Lucy

Executive Vice President
Commercial Services

Bill has more than 38 years of banking experience. 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 2015

Krista Putnam

Krista Putnam, CFMP

Senior Vice President
Marketing

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

 
*Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Advisory services are only offered by Investment Adviser Representatives. Investments are: • Not FDIC insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency.

MEET THE BOARD OF DIRECTORS

 

Commitment to Community

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

EXPLORE COMMUNITY IMPACT

Careers

Named as one of the 2018 Best Places to Work in Maine. Help us redefine banking and join our team.

EXPLORE CAREER OPPORTUNITIES

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.

LEARN MORE ABOUT SHAREHOLDER RELATIONS

 

 

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