U.S. Banker Names Katahdin Trust Company a "Top 200 Bank" for Fifth Consecutive Year
20 Junho 2011 - 6:00PM
Katahdin Bankshares Corp. (OTCQB:KTHN), parent company of Katahdin
Trust Company, has been named a Top 200 Community Bank by U.S.
Banker magazine, marking the fifth consecutive year the company has
been named to the coveted list.
The rating was based on the Bank's three-year average Return on
Equity (ROE). The ratio is a common gauge in the banking industry
that measures a bank's ability to create profits based on its
equity. The review included all community banks and thrift
institutions in the nation with assets less than $2 billion.
Jon Prescott, President and CEO of Katahdin Trust Company, said
"being named a Top 200 Bank in the United States for the fifth year
running is a clear indication of our commitment to solid
principles."
"Obviously, this accolade is important to our shareholders and
to each customer who enters our bank," Prescott explained. "Given
the ongoing challenges of our nation's economy, we have continued
to follow stringent fiscal guidelines and exercise a great deal of
common sense. And, while recognition is great, the bottom line is
that we're operating Katahdin Trust Company in a manner conducive
to the financial well-being and trust of our shareholders and
customers."
Katahdin Trust Company, established in 1918, provides banking
services to individuals and businesses from 16 offices in northern
and central Maine, online at www.katahdintrust.com, and operates
commercial loan offices in Bangor and Scarborough. Katahdin Trust
Company is owned by the one-bank holding company, Katahdin
Bankshares Corp. which is quoted on the OTC Markets quote board
OTCQB under the symbol KTHN. Current stock information can be found
at otcmarkets.com/home.
The Katahdin Bankshares Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7340
CONTACT: Vicki J. Smith
Sr. Vice President
Katahdin Trust Company
207-521-0455 Ext. 135
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