Katahdin Bankshares Corp. Posts 2021 Annual Report

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN), based in Houlton, Maine, has released its annual report for the year ending December 31, 2021. The report highlights the Company's strong community presence in northern Maine, including Aroostook, Penobscot, and Cumberland counties, with over $940 million in assets and 16 banking offices. Katahdin Trust has nearly 180 employees and received accolades as one of the Best Places to Work in Maine for four consecutive years and as one of the Top 200 Community Banks in the U.S. by American Banker magazine.

Positive

• Recognition as one of the Top 200 Community Banks in the U.S. by American Banker magazine.
• Named one of the Best Places to Work in Maine for four consecutive years.
• Over $940 million in assets indicating a strong financial position.

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• None.

HOULTON, Maine, March 1, 2022 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank serving northern Maine and the greater Bangor and Portland regions, has published its annual report for the year ended December 31, 2021. 

The Company's 2021 Annual Report can be viewed online at: KatahdinTrust.com/Shareholder-Relations#Financial-Reports.

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine with more than $940 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2021, was named one of the Best Places to Work in Maine for the fourth year in a row and recognized the past two years as one of the Top 200 Community Banks in the country by American Banker magazine. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-posts-2021-annual-report-301492812.html

SOURCE Katahdin Bankshares Corp.

FAQ

What financial position does Katahdin Bankshares Corp. hold?

Katahdin Bankshares Corp. has over $940 million in assets.

What awards has Katahdin Bankshares Corp. received in 2021?

It was recognized as one of the Top 200 Community Banks in the U.S. and as one of the Best Places to Work in Maine.

Where can I find the 2021 Annual Report for KTHN?

The 2021 Annual Report can be viewed online at KatahdinTrust.com under Shareholder Relations.

What regions does Katahdin Trust serve?

Katahdin Trust serves northern Maine, including Aroostook, Penobscot, and Cumberland counties.

How many employees does Katahdin Trust have?

Katahdin Trust has nearly 180 employees.