Katahdin Trust Co. to reduce branch footprint
12 locations remain in The County to serve customers
HOULTON — Katahdin Trust Company has announced that on Jan. 31, 2017 it will close branch offices located in Easton, Limestone and Washburn and modify days of operation in Island Falls and Oakfield.
“We understand the impact this will have on our employees and customers. It was a very difficult decision and one we did not take lightly,” said Jon J. Prescott, president and CEO of Katahdin Trust. “The way customers do their banking has changed as more turn to the use of online and mobile banking tools for their daily banking needs. Although the bank remains financially strong, we are seeing a decrease in the traditional face-to-face transactions inside the branch.”
Employees will be able to apply for open positions within the bank. Customers will not experience any changes to their accounts and can visit any Katahdin Trust branch for in-person transactions.
Prescott added, “We are confident that with our neighboring Katahdin Trust branches in the area, along with our many alternative banking services, we will continue to be able to serve our customers well.”
How the hours of operation would be modified in Island Falls and Oakfield was not explained and no further information on the downsizing was available.
