American Banker Names Katahdin Trust Company a Top 200 Bank for Seventh Consecutive Year
May 28 2013 - 7:30AM
American Banker magazine has named Katahdin Bankshares Corp.
(OTCQB:KTHN)
, parent company of Katahdin Trust
Company a Top 200 Community Bank in the United States, for a
seventh consecutive year.
Jon Prescott, President and Chief Executive Officer of Katahdin
Trust Company, was quick to express his appreciation for the
recognition, noting, "This acknowledgement and rating is
significant to us in two ways. First, not only have we been
identified as one of the Top 200 community banks in the country,
but secondly, we have been consistent in our performance to have
earned this honor for seven straight years."
The rating was based on the Bank's three-year average Return on
Equity (ROE). The ratio is utilized in the banking industry to
measures a bank's ability to create profits based on its equity.
The review included public banks and thrifts with less than two
billion in total assets as of Dec. 31, 2012.
"Our brand of banking is embraced by customers across northern
and central Maine and the daily operation of Katahdin Trust Company
will continue down the path we have followed for over 95 years,"
Prescott added. "We believe that financial strength and stability
are equally important to the management of our assets and that our
shareholders and customers will be well-served by our continued
diligence."
Katahdin Trust Company, established in 1918 with nearly $585
million in assets, provides banking services to individuals and
businesses from seventeen offices in northern and central Maine,
online at katahdintrust.com, and operates a commercial loan office
in Scarborough. Stock is quoted on the OTC Markets quote board
OTCQB under the symbol KTHN. Current stock information can be found
at otcmarkets.com.
CONTACT: For further information, please contact:
Vicki J. Smith, Sr. Vice President Marketing & Communications
Katahdin Trust Company
207.521.0455 Ext. 13511
Katahdin Bankshares (QX) (USOTC:KTHN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Katahdin Bankshares (QX) (USOTC:KTHN)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Katahdin Bankshares Corporation (QX) (OTCMarkets): 0 recent articles
More Katahdin Bankshares Corp. News Articles