Katahdin Trust launches bonus program to retain employees
File photo / Courtesy, Katahdin Trust
Katahdin Bankshares Corp. is the Houlton-based parent company of Katahdin Trust Co.
Katahdin Bankshares Corp. (QTCQX: KTHN), the Houlton-based parent company of Katahdin Trust Co., has launched a program to attract and retain employees.
The program is geared toward those looking to join as a community banker at any of Katahdin Trust's 16 locations throughout the state.
Eligible employees can receive bonuses totaling up to $6,000 for staying on with the bank.
New workers will receive a $1,000 installment after their first year of employment, $2,000 after their second year, and $3,000 after their third year.
"We believe that investing in our employees is key to our success as a company," said Jon Prescott, president and CEO at Katahdin Trust. "Our enhanced benefits package reflects our dedication to creating a supportive and rewarding work environment where employees can thrive both personally and professionally."
Those looking to join the bank as full-time employees can also receive benefits such as career pathing, paid holidays, a matching 401(k) plan and employee stock ownership.
Katahdin Trust, founded in 1918, has offices serving customers in Aroostook, Penobscot and Cumberland counties.
It is ranked No. 16 among the largest Maine-based banks in the 2024 Mainebiz Book of Lists, based on assets of $1 billion as of June 30, 2023.
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