News Releases

2026

Katahdin Bankshares Announces Stock Buyback Program, Up to $2.0 Million
January 5, 2026 - Katahdin Bankshares Corp. announced that its Board of Directors has approved a Stock Buyback Program. Read More

2025

Katahdin Trust Announces Branch Manager and Cash Management Transitions
December 12, 2025 - Katahdin Trust is pleased to announce the appointment of Janet Doak as the newest member of its cash management team, seasoned manager Melissa Dahlgren as the new Branch Manager for Presque Isle and Ashland, and Lucinda "Cindy” Kelley as the new Branch Manager for the Bank’s Mars Hill and Fort Fairfield locations. Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
November 19, 2025 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.2025 per share for the fourth quarter of 2025. Read More

Katahdin Trust Named One of the Best Places to Work in Maine
November 18, 2025 - Katahdin Trust Company is proud to announce that they have been named a Best Places to Work in Maine for the eighth consecutive year. Read More

Katahdin Trust Announces Promotion of Clarissa Cumming to Officer
November 5, 2025 - Katahdin Trust is pleased to announce the promotion of Clarissa Cumming to Commercial Services Associate, Officer and Team Leader. Read More

Katahdin Bankshares Corp. Reports Third Quarter 2025 Results
October 22, 2025 - Katahdin Bankshares Corp. has announced 2025 third-quarter earnings of $2.65 million, or $0.84 per common share. View Report

Katahdin Trust’s Ruba Haddad Earns Financial Marketing Certification
September 9, 2025 - Katahdin Trust is pleased to announce that Ruba Haddad, Digital Marketing and Financial Education Specialist, has recently earned her Certified Financial Marketing Professional (CFMP) designation from the American Bankers Association (ABA). Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
August 27, 2025 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.2025 per share for the third quarter of 2025. Read More

Katahdin Trust Supports The Town of Madawaska
August 20, 2025 - Katahdin Trust Company is pleased to announce a $20,000 donation to the Town of Madawaska in support of its new Bicentennial Park initiative. Read More

Katahdin Trust Announces Promotion of Sue Fox to Vice President
August 6, 2025 - Katahdin Trust is pleased to announce the promotion of Sue Fox to Vice President, Appraisal and Credit Administration Manager. Read More

Katahdin Bankshares Corp. Reports Second Quarter 2025 Results
July 22, 2025 - Katahdin Bankshares Corp. has announced 2025 second-quarter earnings of $2.52 million, or $0.79 per common share. View Report

Katahdin Trust Announces Promotion of Michaela King to Branch Manager
July 7, 2025 - Katahdin Trust is pleased to announce the promotion of Michaela King to Branch Manager and Community Banking Officer. Read More

Katahdin Trust Recognizes Employees and Announces Top of the Mountain Award Recipient
June 30, 2025 - Katahdin Trust, a community bank serving northern Maine and the greater Bangor and Portland regions, recently celebrated its employees and announced the 2024 Top of the Mountain Award recipient at a Bank wide employee event held at the New England Outdoor Center (NEOC) Event Center in Millinocket. Read More

Katahdin Trust Announces Promotion of Eunice Fish to Assistant Vice President
May 29, 2025 - Katahdin Trust is pleased to announce the promotion of Eunice Fish to Assistant Vice President, Branch Manager and Community Banking Officer. Meet Eunice!

Katahdin Bankshares Corp. Announces Quarterly Dividend
May 28, 2025 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.2025 per share for the second quarter of 2025. Read More

Katahdin Trust Invests $1 Million to Support Local Affordable Housing Initiatives
May 6, 2025 - Demonstrating its continued commitment to strengthening communities, Katahdin Trust has proudly invested $1 million into Housing New England Fund VI (HNE Fund VI), a program dedicated to financing affordable housing projects across the region. Read More

Katahdin Trust Announces New Roles for Nelson, Staples, and Gould
May 1, 2025 - Katahdin Trust is pleased to announce new roles for three employees within its Commercial Department—James Nelson, Craig Staples, and Alison Gould. Read More

Katahdin Bankshares Corp. Reports First Quarter 2025 Results
April 29, 2025 - Katahdin Bankshares Corp. has announced 2025 first-quarter earnings of $2.38 million, or $0.75 per common share. View Report

Katahdin Trust Offers Homebuying Assistance Through FHLBank Boston’s Special Purpose Credit Programs
April 14, 2025 - Katahdin Trust has been approved to participate in several down payment assistance programs to promote homeownership. Each program is funded by the Federal Home Loan Bank of Boston (FHLBank Boston) and offers financial assistance to qualified individuals who are purchasing their first home. Read More

Katahdin Trust Named A 2025 Best Place for Working Parents
April 2, 2025 - Katahdin Trust Company is proud to announce their designation as a 2025 Best Place for Working Parents®. Read More

Katahdin Trust Welcomes Back Scott Dillon as VP, Managed Assets Officer
March 27, 2025 - Katahdin Trust is pleased to announce the hiring of Scott Dillon as Vice President, Managed Assets Officer. Read More

Katahdin Bankshares Corp. Posts 2024 Annual Report
March 6, 2025 - Katahdin Bankshares Corp. has published its annual report for the year ended December 31, 2024. View Report

Katahdin Bankshares Corp. Announces Quarterly Dividend
February 24, 2025 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.2025 per share for the first quarter of 2025. Read More

Katahdin Trust Promotes Jennifer Cadigan to Branch Manager & Community Banking Officer and Announces the Upcoming Retirement of Peggy Smith
February 18, 2025 - Katahdin Trust Company is pleased to announce the promotion of Jennifer Cadigan to Branch Manager and Community Banking Officer of the Bank’s Caribou and Van Buren branch locations. Read More

Katahdin Bankshares Corp. Reports Fourth Quarter Results
January 30, 2025 - Katahdin Bankshares Corp. has announced 2024 fourth-quarter earnings of $1.755 million, or $0.55 per common share. View Report

Katahdin Trust Welcomes, Julie Winslow, Credit Control Officer
January 21, 2025 - Katahdin Trust is pleased to announce the hiring of Julie Winslow as Credit Control Officer. Read More

2024

Katahdin Trust Employees Donate $2,500 to Anah Temple Shriners
December 30, 2024 - Read More

Katahdin Trust Welcomes Thomas Dwyer, Assistant Vice President, Commercial Services Officer
12/19/2024 - Katahdin Trust is pleased to announce the hiring of Thomas (Tom) Dwyer as Assistant Vice President, Commercial Services Officer. Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
11/20/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the fourth quarter of 2024. Read More

Katahdin Trust Named 2024 Best Places to Work in Maine
11/12/2024 - Katahdin Trust is proud to receive the Best Places to Work in Maine designation for 7 consecutive years! Read More

Offer to Repurchase 5.375% Fixed Senior Unsecured Notes
11/01/2024 - Katahdin Bankshares Corp. has extended an offer to repurchase any or all of its outstanding 5.375% Fixed Senior Unsecured Notes having a maturity date of June 15, 2026. Read More

Katahdin Bankshares Corp. Reports Third Quarter Results
10/22/2024 - Katahdin Bankshares Corp. has announced 2024 third-quarter earnings of $2.27 million, or $0.71 per common share. View Report

Patti Perry Promoted to Bank Officer Position
10/03/2024 - Katahdin Trust is pleased to announce the promotion of Patricia (Patti) Perry to the officer position of Accountant. Read More

Sabra Scott Earns MBA and Promotion
09/18/2024 - Katahdin Trust Company is pleased to announce the promotion of Sabra Scott. Read More

Katahdin Trust Welcomes Michelle Ritcheson, Senior Vice President, Senior Credit Officer
09/12/2024 - Katahdin Trust is pleased to announce the hiring of Michelle Ritcheson as Senior Vice President, Senior Credit Officer. Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
08/29/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the third quarter of 2024. Read More

Katahdin Trust Company Announces Donation to Tekαkαpimək Contact Station at Katahdin Woods and Waters National Monument
08/23/2024 - Katahdin Trust Company is pleased to announce a significant contribution to the Tekαkαpimək Contact Station, a new facility at the Katahdin Woods and Waters National Monument. Read More

Katahdin Trust’s Craig Robinson Promoted to Vice President, Commercial Services Officer
08/14/2024 - Katahdin Trust Company is pleased to announce the promotion of Craig Robinson to Vice President, Commercial Services Officer. Read More

Blake Hamel Promoted to Assistant Vice President, Commercial Services Officer
07/31/2024 - Maine Financial Group (MFG), a Katahdin Trust Company Affiliate specializing in equipment financing, is pleased to announce the promotion of Blake Hamel to Assistant Vice President, Commercial Services Officer. Read More

Katahdin Bankshares Corp. Reports Second Quarter Results
07/22/2024 - Katahdin Bankshares Corp. has announced 2024 second-quarter earnings of $2 million, or $0.63 per common share. View Report

Katahdin Trust Enhances Employee Benefits Package with $6,000 Retention Bonus for Community Bankers
07/16/2024 - Katahdin Trust Company is pleased to announce a new retention bonus program aimed at attracting and retaining talented individuals to join Katahdin Trust’s team as Community Banker I or Community Banker II at any of the bank’s sixteen locations throughout Maine. Read More

Katahdin Trust Announces Top of the Mountain Award Recipient and Recognizes Employees for Years of Service
07/10/2024 - Katahdin Trust recently celebrated its employees at a Bank-wide Employee Appreciation event and named Lindsay Corey their Top of the Mountain Award recipient. Read More

Katahdin Trust Named A 2024 Best Place for Working Parents
07/03/2024 - Katahdin Trust Company is proud to announce their designation as a 2024 Best Place for Working Parents®. This marks the third consecutive year receiving this recognition. Read More

Katahdin Trust Promotes Tory Delano
05/23/2024 - Katahdin Trust is pleased to announce the promotion of Tory Delano to Senior Credit Analyst and Department Manager. Read More

Katahdin Bankshares Corp. Announces Quarterly Dividend
05/22/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the second quarter of 2024. Read More

Katahdin Bankshares Corp. Reports First Quarter Results
04/24/2024 - Katahdin Bankshares Corp. has announced 2024 first-quarter earnings of $2.04 million, or $0.64 per common share. View Report

Katahdin Trust Announces Several Employee Promotions
04/10/2024 - Katahdin Trust Company is pleased to announce the promotion of 17 employees across various departments within the Bank. Read More

Katahdin Bankshares Corp. Posts 2023 Annual Report
03/04/2024 - Katahdin Bankshares Corp. has published its annual report for the year ended December 31, 2023. View Report

Katahdin Bankshares Corp. Announces Quarterly Dividend
02/21/2024 - Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the first quarter of 2024. Read More

Katahdin Bankshares Corp. Reports Fourth Quarter Results
01/29/2024 - Katahdin Bankshares Corp. has announced 2023 fourth-quarter earnings of $2.33 million, or $0.73 per common share. View Report

Katahdin Trust Welcomes Russ Johnston
01/26/2024 - Katahdin Trust is pleased to welcome Russ Johnston as Vice President, Commercial Services Officer. Read More

Katahdin Trust and Bank Employees Donate $14,000 to United Way
01/11/2024 - Katahdin Trust has partnered with the United Way of Aroostook for their annual workplace giving campaign for several years and this year was no exception. The Bank and its employees have raised a total of $14,000. Funds raised will directly benefit those in Aroostook County who are experiencing challenges and hardships. Read More

Katahdin Bankshares Announces Stock Buyback Program
01/05/2024 - Katahdin Trust Company 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, 2024. Read More

Contact Us

For more information regarding Katahdin Trust news releases, please email [email protected] or call 1-800-671-5622, ext. 32011.