Katahdin Bankshares Corp. KTHN

KTHN Company Overview

Katahdin Bankshares Corp. (OTCQX: KTHN) is a U.S.-based bank holding company headquartered in Houlton, Maine, primarily operating through its wholly owned banking subsidiary, Katahdin Trust Company. The company operates in the regional banking and financial services industry, providing commercial banking, retail banking, mortgage lending, wealth management, and related financial services to individuals, businesses, municipalities, and nonprofit organizations. Its primary revenue drivers include net interest income from loans and securities, along with fee income generated through deposit services, wealth management activities, and other banking-related products.

The company’s core market is northern and central Maine, where it maintains a community banking model focused on relationship-based lending and localized decision-making. Katahdin Trust Company serves consumer, commercial, and agricultural customers, with lending activity concentrated in commercial real estate, residential mortgages, consumer lending, and small business financing. The institution traces its origins to 1918, when Katahdin Trust Company was founded in Maine. Over time, the organization expanded organically through branch development and regional banking growth, eventually operating under the publicly traded holding company structure of Katahdin Bankshares Corp.