A message from the President & CEO of Katahdin Trust Company

Safe and Sound

105 years of Community Banking!


A Message from President & CEO Jon Prescott

2023 Safe and Sound

To our customers:

In light of recent news regarding the banking industry, I want you to know that Katahdin Trust Company is safe, sound, and secure.

Katahdin Trust is a locally owned and operated community bank that has been in business since 1918. I am proud of our 105-year history of meeting the financial needs of families and business owners in our local communities. We remain well-capitalized, diversified, and well-positioned to continue to serve our customers and community for generations to come.

As a traditional community bank, Katahdin Trust takes pride in our relationship-based business model focused on supporting local people and small businesses. After all, we live in your community too, and your success is our success. Our mission is to provide quality financial services by giving each and every customer courteous, personal, and professional attention while helping our local communities and small businesses grow and prosper.

Nobody has ever lost a dime of FDIC-insured deposits up to $250,000. We want to reassure you that your money is safe with Katahdin Trust. If you have questions about whether additional insurance coverage is needed, we offer solutions like multi-million-dollar FDIC protection by using ICS® or CDARS® through IntraFi.

To learn more about FDIC insurance coverage, visit fdic.gov and the following resources:

As a community bank customer, you have access to our experienced team, and we stand ready to assist you. Please reach out to us with any questions or concerns.

We are proud to be your local community bank and trusted financial partner!


Jon J. Prescott
President & CEO


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