Katahdin Bankshares Corp. (KTHN)
OTCQX OTCQX Primary Summary
Katahdin Bankshares: Long-Term Incremental Returns
Katahdin Bankshares Corp. continues to perform well in a challenging environment. The company has met expectations by providing compound annual returns of ~9.5% per annum the last several years. We expect forward performance to reflect past results and provide long-term shareholders with compelling long-term returns.
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Katahdin Bankshares Corp. Profile
| Banks Industry | Financials Sector | Jon J. Prescott CEO | OTCQX Exchange | 485835102 CUSIP |
| US Country | 182 Employees | 15 Jun 2026 Last Dividend | 11 Jun 2007 Last Split | 5 Oct 1999 IPO Date |
Overview
Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank with a focus on providing a comprehensive suite of commercial and retail banking services to individuals and businesses throughout Maine. The company, founded in 1918, has established a strong presence in its sector, offering an array of banking solutions tailored to meet the needs of its diverse client base. Its operations span across the northern Maine, greater Bangor, and Portland regions, making it a pivotal financial entity within these communities. With a history rooted in steady growth and customer-oriented service, Katahdin Bankshares Corp. continues to play a critical role in the financial well-being of Maine's residents and businesses alike.
Products and Services
The range of products and services offered by Katahdin Bankshares Corp. is designed to cater to both individual and business banking needs, ensuring a comprehensive banking experience.
- Deposit Products: The company offers an extensive selection of deposit products, including checking, savings, money market, NOW accounts, individual retirement accounts (IRAs), health savings accounts (HSAs), Coverdell education savings accounts, and certificates of deposit. These products are tailored to help individuals manage their finances effectively, whether for saving, everyday transactions, or future planning.
- Loan Services: Katahdin Trust Company provides a diverse portfolio of loan options, such as mortgage, construction, homebuyer, home equity, rural development, and personal loans. For businesses, it offers business loans and lines of credit, including business term loans, municipal loans, small business administration loans, business mortgages, business letters of credit, and agency guaranteed and down payment assistance programs. These services are designed to support customers in achieving their personal or business financial goals, from homeownership to business expansion.
- Online and Mobile Banking: The bank embraces technology through its online, mobile, and telephone banking services. These digital banking solutions offer convenience and accessibility, allowing customers to manage their accounts, transfer money, pay bills, and deposit checks electronically. The inclusion of mobile wallets, e-statements, and bill payment options reflects the bank's commitment to providing modern, user-friendly banking services.
- Additional Services: Beyond its core banking products, Katahdin Bankshares Corp. offers additional services such as debit and credit cards, gift cards, ATMs, merchant services, and cash management tools. These services enhance the banking experience by offering convenience and facilitating a wide range of financial transactions. The company also provides equipment financing services in selected industries and offers securities and insurance products, further broadening its offerings to meet the varied needs of its clients.
