Pangburn appointed to new post

    PRESQUE ISLE – Jeffrey M. Pangburn, vice president and commercial services officer at Katahdin Trust Company’s Presque Isle location, has been appointed to the Credit Review Committee of the Potato Marketing Improvement Fund (PMIF). The Fund was established to serve potato farmers throughout the state in the promotion of their product.
    “We are extremely pleased to have Jeff serve in this position and look forward to the leadership and professional experience he will bring to the PMIF,” said Seth H. Bradstreet, III, Commissioner Maine Department of Agriculture, Food and Rural Resources.  
    Pangburn, a native of Mars Hill, is a graduate of the University of Maine at Farmington, where he earned his Bachelor of Arts degree. He earned his Masters of Science degree in Business from Husson University and joined Katahdin Trust Company in 2004 following a career as an economic development specialist.
Jeff Pangburn
    The PMIF provides financing to potato growers and packers so that they may establish or improve facilities and to purchase packing lines. The fixed-rate loans it offers provides necessary long-term financing at preferred interest rates for qualified borrowers within the industry. It counts among its programs both the Storage Retrofit Fund and the New Facilities Fund.
    The PMIF is administered at the Agricultural Center in Presque Isle and is affiliated with the Finance Authority of Maine.