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Tuesday, April 24, 2012

Katahdin Bankshares Reports 1st Quarter Earnings

HOULTON, Maine, April 24, 2012 (GLOBE NEWSWIRE) -- Katahdin Bankshares Corp. (OTCQB:KTHN) parent company of Katahdin Trust Company, today announced 1 st quarter earnings of $1 million. Total assets grew to nearly $550,000,000 which President & CEO, Jon J. Prescott attributed to very strong loan growth of $40,372,000. Deposits also continued to grow, especially in the core checking and savings categories, up $24,075,000 over the prior year. The Bank is on schedule to open its 17 th branch loca...continued
     

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