Katahdin Bankshares Company Description

Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank that provides various commercial and retail banking services for individuals and businesses in Maine.

It offers various deposit products, such as checking, savings, health savings, money market, NOW, and individual retirement accounts, as well as certificates of deposit.

The company also provides mortgage, construction, homebuyer, home equity, rural development, and personal loans; business, municipal, term, and small business administration loans; and business mortgages, business letters of credit, lines of credit, and down payment assistance programs.

In addition, it offers online, mobile, and telephone banking services; bill payment, e-statement, e-check deposit, mobile wallets, reorder checks, ACH and wire transfer, debit and credit cards, ATMs, and merchant services; and cash management tools.

Further, the company provides equipment financing services in the trucking, construction, forest products, and marine industries; and securities, financial planning, and insurance products.

It operates full-service branches in northern Maine, greater Bangor, and Portland regions. Katahdin Bankshares Corp. was founded in 1918 and is based in Houlton, Maine.