Katahdin Trust Company

What Katahdin Trust Company does

Katahdin Trust Company is a Maine-chartered community bank founded in 1918 and headquartered in Houlton, operating 16 branches across northern and central Maine (with one southern Maine location in Scarborough) and approximately $1.12 billion in total assets. It is a wholly owned banking subsidiary of Katahdin Bankshares Corp., which trades on the OTCQX market under ticker KTHN. The bank provides a full suite of consumer and commercial banking products, including personal and business checking/savings, money market, CDs, IRAs, HSAs, mortgages, construction loans, home equity lines, personal loans, and business lending (SBA, USDA Rural Development, equipment financing, commercial real estate), with industry-dedicated teams serving agriculture, healthcare, municipalities, nonprofits, real estate developers, and camps/campgrounds.

The bank's technology stack is a layered combination of vendor-supplied digital channels and core banking infrastructure rather than proprietary platforms: a native iOS/Android mobile app with Touch ID/Face ID, mobile check deposit (daily limit $2,000), and Zelle integration; an online banking platform with CheckFree-powered bill pay, eStatements, and external transfers; telephone banking; SavvyMoney-powered Credit Sense for daily credit monitoring; Fiserv uChoose Rewards; CardValet debit controls; Positive Pay for business fraud protection; and a MeridianLink-powered online account opening flow. Security is anchored by 128-bit SSL, three-tier architecture, and double firewalls, with 24/7 fraud monitoring. Distribution blends physical branches, in-person lender consultations, and digital self-service.

The revenue model is a traditional community bank spread plus fee model. Net interest income is generated from a loan portfolio spanning residential mortgages, construction, home equity, commercial, agricultural, SBA, and consumer loans. Non-interest income comes from deposit account fees, service charges, debit card interchange, cash management fees (ACH, wires, lockbox, merchant services), and trust/wealth advisory services through Katahdin Financial Services. Pricing is tiered across consumer checking (e.g., Totally Free Checking, Preferred Interest Checking at $6.95/month below $1,500 balance, Benefits Checking with bundled protection benefits), business checking, and CD specials (10-month at 3.30% APY, 19-month at 3.04% APY). The bank deploys direct-to-consumer community banking motion, layered with local lender outreach for SMB and mortgage originations, and a Refer-a-Friend program.

Name

Katahdin Trust Company

Legal name

Katahdin Trust Company

Website

https://katahdintrust.com

Company type

Private

Founded year

1918

Operating status

Operating

Headcount range

101–250 employees

Short description

Katahdin Trust Company is a Maine community bank founded in 1918 operating 16 branches and ~$1.12 billion in assets, serving retail consumers, small/medium businesses, and specialized industries (agriculture, healthcare, municipal, nonprofits) with deposits, mortgages, commercial lending, and digital banking under parent Katahdin Bankshares Corp. (OTCQX: KTHN).

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

akta.pro secondary industry

Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Community banking services
• Retail deposit accounts
• Commercial lending solutions
• Mortgage and construction loans
• Digital banking platforms

Headquarters

HQ city

Houlton

HQ country

United States

HQ region

North America

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including mortgages, construction loans, personal loans, home equity, and commercial loans
2. Non-Interest Income: Fees from deposit accounts, service charges, card fees, and cash management services for business customers
3. Investment Products: Revenue from trust and investment services through Katahdin Financial Services including IRAs, CDs, and related products

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Katahdin Trust Company is a community bank offering personal and business deposit accounts (checking, savings, money market, CDs, IRAs, HSAs), a full suite of lending products (mortgages, construction loans, home equity, personal loans, SBA and commercial loans), cash management services for businesses, and digital banking channels including online, mobile, and Zelle. The bank operates 16 branch locations across Maine and serves as the operating subsidiary of publicly traded Katahdin Bankshares Corp. (OTCQX: KTHN) with approximately $1.12 billion in total assets.

Product overview

Katahdin Trust Company is a community bank offering a comprehensive suite of deposit, lending, and digital banking products. The core offering centers on personal and business checking/savings accounts with multiple tiers, various loan products (mortgages, construction, home equity, personal, and business loans), and digital banking channels including online, mobile, and text banking. The bank differentiates through add-on services like Credit Sense credit monitoring, uChoose Rewards debit card program, and Zelle peer-to-peer payments. Business banking includes specialized cash management services (ACH/wires, Positive Pay, eCheck Deposit), industry-focused expertise teams, and affiliate Maine Financial Group for equipment financing. All products are accessible through 16 branch locations across Maine and digital channels, with the bank operating as a subsidiary of publicly-traded Katahdin Bankshares Corp. (OTCQX: KTHN).

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking accounts with multiple tiers including Totally Free Checking, Preferred Interest Checking, Direct Interest Checking, and Benefits Checking with cell phone protection and identity theft resolution.
• Personal Savings Accounts Personal savings products including Statement Savings with ATM access, Christmas Club for holiday savings with automatic transfers, and Coverdell Education Savings Account for tax-advantaged education savings.
• Health Savings Account (HSA) Tax-advantaged health savings account for individuals enrolled in qualified High Deductible Health Plans, offering triple tax savings, free debit card, online bill pay for medical providers, and mobile banking access.
• CDs & IRAs Certificate of Deposit products with terms from 1 to 60+ months, Easy Access CD with 6-month term, CDARS for FDIC coverage on multi-million dollar investments, Traditional and Roth IRAs, and 18-month Variable Rate IRA.
• Evergreen Money Market Account Money market savings product offering competitive interest rates with immediate access to funds, free personalized checks, free Visa Limited Access Card, and up to six transfers per statement cycle.
• Mortgage Loans Home lending products including Fixed and Adjustable Rate Mortgages, First-Time Homebuyer programs with down payment assistance, Rural Development/USDA loans, and Special Property loans for land, camps, and investment properties.
• Construction Loans Construction and renovation financing combining project and permanent financing with single closing. Available for primary residences, second homes, investment properties, manufactured homes, and modular homes.
• Down Payment Assistance Programs Partnership with Federal Home Loan Bank of Boston offering three assistance programs: Equity Builder Program (up to $32,099), Housing Our Workforce (up to $25,000), and Lift Up Homeownership (up to $40,000) for eligible homebuyers.
• Home Equity Line of Credit Revolving credit line using home equity as collateral, offering borrowing up to 90% of home value, variable rate with Prime-based pricing, RateLock option to convert to fixed rate, and flexible withdrawal options.
• Personal Loans Unsecured consumer loans including auto loans for vehicles, recreational vehicle loans for boats/RVs, and general personal loans with flexible terms, fast local decision-making, and optional credit life and disability coverage.
• Visa Debit Card Visa-branded debit card accepted worldwide with chip technology, 24/7 fraud monitoring, Visa Zero Liability protection, mobile wallet compatibility, ATM fee refunds up to $10/month, and uChoose Rewards point earning.
• Online Banking Web-based banking platform providing account access, bill pay, fund transfers, external transfers between other banks, eStatements, account alerts, and credit score monitoring through Credit Sense integration.
• Mobile Banking App Smartphone and tablet banking application with Touch ID/Face ID authentication, balance checking, mobile deposit, bill pay, transfers, debit card management, Zelle peer-to-peer payments, and ATM/branch location finder.
• Zelle Peer-to-peer payment integration within mobile banking for sending and receiving money with family and friends. No fees for sending/receiving, money available within minutes, integrated via Early Warning Services network.
• Business Checking Commercial and business checking accounts including Commercial Checking with earnings credit to offset fees, and Totally Free Business Checking. Includes business debit cards and overdraft protection options.
• Business Loans Comprehensive business lending including SBA Loans, Equipment Financing, Business Mortgages, Construction Loans for commercial projects, Term Loans, Lines of Credit, Letters of Credit, and Municipal Loans.
• Cash Management Services Treasury management products including ACH and wire transfers, eCheck Deposit for remote check scanning, Positive Pay fraud protection, lock box services, merchant services, and business online banking tools.
• Industry Expertise Services Specialized banking services for specific sectors including Agriculture, Camps & Campgrounds, Healthcare, Municipalities, Nonprofits, and Real Estate with dedicated teams and tailored financial products.
• Katahdin Financial Services Investment and wealth management services offered through partnership, providing access to financial advisors and investment products for personal and business customers.
• Maine Financial Group Affiliate specializing in equipment financing, located in Scarborough, Maine with dedicated commercial services officers for equipment lease and financing solutions.

Quantifiable outcome

• Down payment assistance grants up to $40,000 available through FHLBank Boston partnerships
• +3 more outcomes

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability3 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• Federal Home Loan Bank of Boston (FHLBank Boston)coreStrategic or Co-development PartnerPartnership to provide down payment assistance programs for eligible borrowers including Equity Builder Program (up to $32,099), Housing Our Workforce (up to $25,000), and Lift Up Homeownership (up to $40,000). Programs offer grants for down payments, closing costs, and homebuyer education.
• Maine Financial GroupcoreOthersAffiliate company specializing in equipment financing. Located in Scarborough, ME. Provides equipment financing solutions as part of Katahdin Trust's business lending ecosystem.
• Early Warning Services (Zelle)coreTechnology or IntegrationLicensed Zelle peer-to-peer payment platform enabling customers to send and receive money directly between bank accounts. No fees for standard Zelle transactions.
• Apple Pay / Samsung Pay / Google PaycoreTechnology or IntegrationMobile wallet integrations allowing customers to add Katahdin debit cards to Apple Pay, Samsung Pay, and Google Pay for contactless in-store and online payments.
• VisacoreTechnology or IntegrationVisa debit card issuance providing worldwide acceptance for purchases, ATM withdrawals, and contactless payments. Includes Visa Zero Liability fraud protection.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TD Bank (Maine operations): TD Bank operates significant retail branch presence in Maine and competes for consumer and small business deposits and loans. As a much larger national incumbent, it offers a useful comparison for competitive dynamics and deposit pricing pressure.
• KeyCorp (Maine retail operations): Large regional bank with Maine retail presence competing for consumer and small business deposits and loans. Useful as a larger-scale comparison for community bank competitive positioning.

Direct peers

• Camden National Bank: Camden National Corporation (NASDAQ: CAC) operates as a Maine community bank with similar full-service retail and commercial banking, comparable branch footprint in Maine, and a parallel asset size range. Directly comparable as a publicly traded Maine community bank competing for the same customers.
• Bath Savings Institution: Maine-based mutual savings institution offering similar community banking products and competing in mid-coast Maine markets. Comparable size and customer profile.
• Kennebec Savings Bank: Maine community bank serving central Maine with comparable full-service consumer and business banking offerings, similar mutual-style community orientation, and direct product overlap.
• Bangor Savings Bank: Maine-based mutual savings bank with similar full-service community banking model, branch presence in northern and central Maine (including Bangor where Katahdin also operates), and comparable consumer/business lending products. Directly competes for the same Maine customer base.
• Bar Harbor Bankshares: NYSE-listed Bar Harbor Bankshares operates community banking subsidiaries serving northern New England with branch presence in Maine. Similar asset size range, publicly traded, and competes directly in Maine commercial and retail banking segments.
• Northeast Bank: Maine-chartered community bank (NASDAQ: NBN) with community banking division plus specialty national lending, providing direct comparison for Maine community banking economics and asset quality.
• Norway Savings Bank: Maine-based mutual savings bank with comparable community banking model, full-service retail and commercial products, and overlapping branch presence in western and central Maine. Similar size profile and customer focus.
• Mechanics Savings Bank: Maine-based mutual savings bank offering similar community banking services with overlapping geographic footprint in southern and central Maine. Comparable in size, product mix, and customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/katahdintrust
• YouTubeyoutube.com/user/katahdintrustcompany
• Facebookfacebook.com/KatahdinTrust
• LinkedInlinkedin.com/company/katahdin-trust-company
• Instagraminstagram.com/katahdintrust

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Katahdin Trust Company