October 29, 2012
Katahdin Bankshares assets set record
The Houlton-based Katahdin Bankshares Corp., parent of the Katahdin Trust Company, announced reaching record levels for its total assets, loans, deposits and equity this quarter.
In a press release, Katahdin CEO Jon Prescott reported total assets increased 9.5% over last year, reaching $577 million, which he attributed to strong loan growth of 12.2%, or $53 million.
Deposits reached $482 million in this quarter, which Prescott reported is up 13.2% over third quarter reporting in 2011.
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