Houlton-based Katahdin Bankshares Corp. saw profits slip in the second quarter, compared to the same period a year ago, on earnings that also fell. The company on Monday reported second-quarter profits of $1.05 million, compared to $1.34 million in 2010. Katahdin Bankshares is the parent company of Katahdin Trust Co., which has16 branches in northern and central Maine, as well as commercial loan offices in Bangor and Scarborough. The bank employs 186 people statewide.
HOULTON - Katahdin Bankshares Corp. (OTCBB:KTHN), parent company of Katahdin Trust Co., announced Tuesday that it has declared a cash dividend of $.082 per share for the fourth quarter of 2010. The dividend will be payable on Dec. 27, 2010, to all shareholders of record as of Dec. 13, 2010. Current stock information can be found on the OTCBB website at www.otcbb.com.
NEW FACES * Nancy Artz, a professor of business administration at the University of Southern Maine's School of Business, was named director of USM's honors program.
...RECOGNITIONS. * Katahdin Bankshares Corp., parent company of Katahdin Trust...
HOULTON - Katahdin Bankshares Corp., parent company of Katahdin Trust Co., on Thursday announced earnings of $1,124,000 for the first quarter of 2010. We are very pleased with our first-quarter results, which represented a 46.4 percent increase over the same period last year and a 22.7 percent increase over the fourth quarter of 2009," said Jon J. Prescott, president and CEO of Katahdin Trust. Total loans at $393,169,000 represented an increase of $36,963,000, or 10.4 percent, while deposits increased by $42,576,000 over the same period in 2009.
PATTEN - Katahdin Bankshares Corp., parent company of Katahdin Trust Co., has declared a cash dividend of 8.2 cents per share for the second quarter of 2009. The dividend will be payable on June 26 to all shareholders of record as of June 12. Katahdin Bankshares stock is quoted on the Nasdaq Over-the- Counter Bulletin Board under the symbol KTHN. Stock information can be found on the Web site www.otcbb.com.
PATTEN - Katahdin Bankshares Corp., parent company of Katahdin Trust Co., has declared a cash dividend of 68 cents per share for the first quarter of 2007. The dividend represents an increase of 23.6 percent over last year's first-quarter dividend, according to Jon J. Prescott, Katahdin Trust's president and CEO. The dividend will be payable on March 30 to all shareholders of record as of March 16.
HOULTON - Katahdin Bankshares Corp., parent company of Katahdin Trust Co., has announced earnings of $1,778,000 for the first six months of 2009. Jon J. Prescott, president and CEO of Katahdin Trust, said that although the six-month earnings were down from the year before, the second-quarter net income of $1,010,000 was up 31.5 percent over the first quarter's $768,000.
PATTEN - Katahdin Bankshares Corp., parent company of Katahdin Trust Co., announced that it has declared a cash dividend of 8.2 cents per share for the third quarter of 2009. The dividend will be payable on Sept. 28 to all shareholders of record as of Sept. 14. Katahdin Bankshares stock is quoted on the NASDAQ Over-the- Counter Bulletin Board under the symbol KTHN. Current stock information can be found on the OTCBB Web site at www.otcbb.com.
Banker honored CAMDEN -- Steve Thomas, vice president and commercial banking officer in Camden National Bank's Bangor Market, was honored with the bank's Commitment to the Shareholder Award for continuously exceeding expectation and surpassing his goals while striving to do what's best for both the customer and the company in every interaction.
...New bank branch. BANGOR -- Katahdin Bankshares Corp., parent company of Katahdin Trust...
PATTEN - Katahdin Bankshares Corp., parent company of Katahdin Trust Co., has declared a cash dividend of $.082 per share for the first quarter of 2009. The dividend will be payable on March 30 to all shareholders of record as of March 16. Katahdin Bankshares stock is quoted on the NASDAQ Over-the- Counter Bulletin Board under the symbol KTHN. Current stock information may be found at www.otcbb.com.
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