#USA #Annual Report #Katahdin Bankshares #Katahdin Trust #Houlton

Katahdin Bankshares Corp. Releases 2024 Annual Report

On March 6, 2025, Katahdin Bankshares Corp. (OTCQX: KTHN) unveiled its annual report for the fiscal year concluding on December 31, 2024. The report is now accessible for public viewing at KatahdinTrust.com.

About the Company

Established in 1918, Katahdin Trust Company serves as the community bank for northern Maine, with its headquarters situated in Houlton. The bank operates 16 locations throughout the region and boasts impressive assets totaling $1.08 billion. As the holding company of Katahdin Trust, Katahdin Bankshares Corp. is dedicated to delivering financial services that meet the needs of its community and clients.

The recent annual report encapsulates a year filled with significant achievements for Katahdin Bankshares Corp., detailing its financial performance, community engagement activities, and future outlook. For a decade now, the bank has underscored its commitment to supporting the local economy and fostering stable relationships with its customers.

Financial Highlights

The annual report highlights vital financial metrics that underpin the bank's growth trajectory. Key figures such as asset growth, customer deposits, and loan portfolios are critically assessed to showcase the bank's resiliency and adaptability in a changing economic landscape. The management's discussion provides insights into strategic initiatives and investments that have driven progress over the past year.

Community Engagement

In addition to financial performance, the report emphasizes the bank's commitment to community initiatives. Over the past year, Katahdin Trust has been involved in various local projects focused on improving education, supporting local businesses, and enhancing the region's quality of life. The bank encourages employee participation in volunteerism, which strengthens the bond between the bank and the communities it serves.

Looking Ahead

As Katahdin Bankshares Corp. looks towards the future, the annual report outlines objectives aimed at sustainable growth, technological advancement, and enhanced customer service. With plans for digital enhancements and streamlined operations, the company seeks to better serve its clientele and remain competitive in the banking sector.

Investors and stakeholders can review the detailed report at the provided link to understand the bank's performance and strategy moving forward. It is evident that Katahdin Bankshares Corporation is poised for success as it continues to navigate an evolving financial landscape while remaining deeply rooted in its community.

For more information about Katahdin Trust and to follow their updates, visit www.katahdintrust.com and follow them on social media platforms.

Staying connected with customers and the community is at the heart of Katahdin Trust’s mission, making it a critical player in Northern Maine's banking landscape.

The opportunity to engage with a company that prioritizes community involvement alongside sound financial practices marks a promising future for both the institution and its patrons.