Katahdin Bankshares Corp. Announces Dividend

HOULTON, Maine, Feb. 28, 2018 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, announced that it has declared a cash dividend of $0.1075 per share for the first quarter of 2018.  In making the announcement Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 7.5% increase over last year's first quarter dividend.  The dividend will be payable on March 22, 2018 to all shareholders of record as of March 15, 2018.   

Katahdin Bankshares Corp. also declared a cash dividend on its preferred stock Series D of $54.6875 per share for the first quarter of 2018.  The preferred stock Series D dividend will be payable on April 15, 2018 to shareholders of record as of April 5, 2018.

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp., parent company of Katahdin Trust Company, stock is quoted on the OTC Markets quote board OTCQX under the symbol KTHN and was named to the 2018 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market. Current stock information can be found at otcmarkets.com/stock/KTHN/quote. Katahdin Trust Company, celebrating 100 years of community banking since its founding in 1918, has nearly $800 million in assets and 180 employees. The Bank offers financial services to individuals and businesses from sixteen offices throughout Maine and a full range of online and mobile banking solutions. Learn more about Katahdin Trust on its website at www.katahdintrust.com and get the latest news and information by following Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.

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SOURCE Katahdin Bankshares Corp.