Katahdin Trust parent declares dividend

Posted Aug. 28, 2012, at 7:18 p.m.

HOULTON, Maine — The parent corporation of Katahdin Trust Co. on Tuesday said its shareholders would receive a cash dividend for the third quarter of 2012.

Katahdin Bankshares Corp. declared a cash dividend of 9 cents per share, payable to all shareholders on Sept. 24, according to a media release from the company.

The announced dividend payment is nearly 10 percent higher than the dividend paid during the third quarter of 2011, according to Jon Prescott, Katahdin’s president and CEO.

The company last month said it earned $2.1 million during the second quarter of 2012. “Although this was down 1.7 percent from the same period in 2011, we are pleased with the results,” Prescott said in a statement.

Katahdin Trust provides banking services from 17 offices in northern and central Maine. It also operates a small commercial loan office in Scarborough.

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