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Katahdin Bankshares Corp. (KTHN) provides essential community banking services across Maine, combining traditional values with modern financial expertise. This news hub offers investors and stakeholders timely access to official announcements, strategic developments, and operational updates directly from the company.
Track critical information including earnings reports, leadership changes, regulatory filings, and community initiatives. All content is curated to help users monitor financial performance, assess risk management practices, and understand the company’s role in regional economic growth.
Key updates include loan portfolio developments, asset quality trends, and strategic balance sheet decisions, alongside routine disclosures required for publicly traded institutions. Bookmark this page for verified updates free of speculation, presented with clarity for both professional analysts and community members.
Katahdin Bankshares Corp. (OTCQX: KTHN) has announced a $2 million Stock Buyback Program approved by its Board of Directors, effective until December 31, 2022. The program allows the company and its Employee Stock Ownership Plan (ESOP) to repurchase shares based on market conditions. The buyback strategy aims to enhance shareholder value and demonstrates confidence in the company's financial health. Katahdin Trust, with over $945 million in assets, serves northern Maine. This initiative complements its reputation as a top community bank.
Katahdin Bankshares Corp. (KTHN) announced a cash dividend of $0.125 per share for Q4 2021, marking a 5.5% increase from the previous year. This dividend will be paid on December 23, 2021, to shareholders of record by December 16, 2021. Katahdin Trust, a community bank established in 1918, has over $945 million in assets and operates 16 banking offices in Maine. The bank was recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks by American Banker.
Katahdin Bankshares Corp. (OTCQX: KTHN) reported third-quarter earnings of $2.66 million, or $0.81 per share. For the first nine months, net income reached $7.53 million, a 22.1% increase from 2020. Total assets as of September 30, 2021, stood at $945.5 million. CEO Jon J. Prescott highlighted strong asset quality and the bank's recognition as one of the Best Places to Work in Maine for the fourth consecutive year. The bank, serving northern Maine and surrounding regions, continues to demonstrate solid financial performance.
Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.125 per share for Q3 2021, marking a 5.5% increase from last year. The dividend is payable on September 23, 2021, to shareholders of record as of September 16, 2021. With over $941 million in assets, Katahdin Trust Company, the parent company, serves northern Maine and surrounding regions. The bank has been recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks in the nation.
Katahdin Bankshares Corp. (OTCQX: KTHN) reported second-quarter earnings of $2.50 million, or $0.76 per share, for the period ending June 30, 2021. The company's total assets reached $948.0 million, reflecting a $6.6 million increase from the previous quarter. President Jon J. Prescott expressed satisfaction with the solid financial results and highlighted the bank's recognition as one of the Top 200 Publicly Traded Community Banks in the U.S. Furthermore, plans to relocate the Scarborough branch in spring 2022 were announced to enhance community banking services.
Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.125 per share for Q2 2021, marking a 5.5% increase year-over-year. The dividend will be payable on June 23, 2021, to shareholders of record as of June 16, 2021. The community bank, founded in 1918, serves northern Maine and has over $941 million in assets with 16 branch offices. Katahdin Trust was recognized as one of the Best Places to Work in Maine for three consecutive years.
Katahdin Bankshares Corp. (OTCQX: KTHN) announced first-quarter earnings of $2.37 million, translating to $0.72 per share. Total assets reached $941.4 million as of March 31, 2021, marking an increase of $4.4 million since year-end and $37.7 million year-over-year. The bank facilitated $21.2 million in Paycheck Protection Program loans, underscoring its commitment to supporting local customers. Celebrating over a century of service, Katahdin Trust continues to impact the northern Maine community positively.
Katahdin Bankshares Corp. (OTCQX: KTHN) has released its annual report for 2020, detailing its financial performance and highlighting its status as a community bank in northern Maine. As of December 31, 2020, the company holds over $937 million in assets and operates 16 banking offices across Aroostook, Penobscot, and Cumberland counties. The bank, employing nearly 180 staff, was recognized as one of the Best Places to Work in Maine for three consecutive years. The full report can be accessed through their official website.
Katahdin Bankshares Corp. (OTCQX: KTHN) declared a cash dividend of $0.125 per share for Q1 2021, representing a 5.5% increase from the previous year. This dividend will be payable on March 23, 2021 to shareholders on record as of March 16, 2021. The community bank, headquartered in Houlton, Maine, has over $937 million in assets and operates 16 banking offices across northern Maine. It has been recognized as one of the Best Places to Work in Maine for three consecutive years.
Katahdin Bankshares Corp. (OTCQX: KTHN), based in Houlton, Maine, has declared a cash dividend of $0.1185 per share for Q3 2020, marking a 5.33% increase from the previous year. This dividend will be payable on September 22, 2020 to shareholders on record as of September 15, 2020. The company is recognized for its community banking services, operating since 1918, with a strong presence in northern Maine and the greater Bangor and Portland areas.
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