Katahdin Trust Company to Open Branch Office in Fort Kent
05 Décembre 2013 - 8:04PM
Fort Kent area residents will soon have a new choice when it comes
to banking. The well-known building that sits at 79 West Main
Street in downtown Fort Kent was destined to be a bank. Always has
been. And when The Bank of Maine branch at that location closes on
December 13, 2013, Katahdin Trust Company will be standing by,
having purchased the facility for an opening in 2014.
"We're excited with the purchase of this facility," stated
Katahdin Trust Company President & CEO, Jon Prescott. "By
opening a branch in Fort Kent, Katahdin Trust Company will complete
our coverage of the Aroostook County market and solidify our
commitment in becoming the bank you can trust for community banking
at its best."
Katahdin Trust Company operates 18 locations throughout the
state but is largely concentrated across Aroostook County. By
acquiring the Fort Kent facility, Katahdin Trust Company will bring
to three the number of offices it operates in the immediate St.
John Valley market with its closest location in Eagle Lake.
"Katahdin Trust Company will assume ownership of the building in
December and will immediately begin extensive renovations to better
serve our new and existing customers in the years ahead," Prescott
stated. He explained that bank officials were uncertain of the
specific opening date; however, the Bank will be working diligently
with the contractor to open this location as soon as possible. "We
will also be exploring the possibility of serving Fort Kent area
customers in the interim until the branch is ready to open," said
Prescott. "We hope to have more details on that soon."
In commenting on the move to Fort Kent, Prescott said "It made
good geographic sense for us to acquire the Fort Kent facility as
it is strategically located within our footprint in Aroostook
County. We've always said we need to complete our service of the
Aroostook County area and with an office in Fort Kent we will do
just that."
Prescott said they anticipate having a staff of four at this
location offering a full array of deposit and loan services
including the latest in technology for both consumer and commercial
customers. "Katahdin Trust Company already has customers in the
Fort Kent area," Prescott explained. "On many occasions we have
been asked by these customers if we would consider opening a branch
in the area. This opportunity is allowing us to better serve these
customers. We look forward to providing our customers in this
market with convenient full service banking as we welcome new
customers."
Traditionally, the Fort Kent community has had access to local
community banking, and in 2014 both families and business owners in
the area will once again be able to conduct their banking with a
local community bank that is committed to the financial needs of
Aroostook County. Prescott stated that "Katahdin Trust Company
brings nearly a century of service and commitment as a locally
owned and operated bank in northern Maine, so we are dedicated to a
long-term presence in Fort Kent."
Katahdin Trust Company, with nearly $625 million in
assets was founded in 1918 in Patten, Maine and provides banking
services to individuals and businesses from 18 branch locations
throughout Maine and online at katahdintrust.com. It is owned by a
one-bank holding company, Katahdin Bankshares Corp., stock is
quoted on the OTC Markets quote board OTCQB under the symbol KTHN.
Current stock information can be found at otcmarkets.com.
Katahdin Bankshares Corp. (OTCQB:KTHN) has been recognized for
seven consecutive years as one of the Top 200 Community Banks in
the country by American Banker magazine.
CONTACT: Vicki J. Smith, Katahdin Trust Company
Senior VP, Marketing & Communications
207-521-3235
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