HOULTON, Maine — Jon J. Prescott, president and CEO of Katahdin Trust, announced Wednesday, May 23, the promotions of three members of the bank’s leadership team.
Matthew M. Nightingale was promoted to executive vice president, treasurer and chief financial officer; Bonnie C. Foster was named executive vice president, retail services; and William P. Lucy was named executive vice president, commercial services.
“I am very pleased to announce these well-deserved promotions of our Senior Management Team,” said Prescott. “It is a privilege to work so closely with these three individuals every day. Their commitment to Katahdin Trust, our employees, customers and shareholders is evident in every decision we make.”
Nightingale has been with Katahdin Trust since 1998, working in the finance department before his promotion to vice president, treasurer and CFO in 2006 and senior vice president in 2009.
With 20 years of banking experience, Nightingale has been responsible for overall leadership of finance, operations and technology along with oversight of asset-liability management, financial reporting and analysis. He and his wife, Heidi, live in New Limerick and have three school-age children.
Foster has 35 years of banking experience. She joined Katahdin Trust in 2000 as vice president of retail services and was named senior vice president in 2004. Foster will continue to be responsible for overall growth and administration of the retail division of the bank at its 16 state-wide branches.
In addition, she oversees consumer lending, facilities, training, corporate business development and Katahdin Financial Services (a service of Cetera Investment Service LLC, a registered broker-dealer and unaffiliated with Katahdin Trust Company). Foster resides in Houlton with her husband Steve and they have two grown children.
Lucy joined the bank in 2015 as senior vice president, commercial services after spending more than 20 years at People’s United Bank and Merrill Merchants Bank, including his most recent position as senior vice president and market president in Bangor.
With 37 years of banking experience, Lucy is responsible for the overall growth and administration of the commercial division of the bank. He and his wife, Lorilyn, live on Verona Island and have four grown daughters.
“I sincerely thank the senior management team and their outstanding service to the bank and the communities we serve,” Prescott said. “As we approach our second century of banking their leadership and valuable contributions will continue to serve Katahdin Trust well.”
