updated 3/16/2011 8:46:17 AM ET 2011-03-16T12:46:17

HOULTON, Maine, March 16, 2011 (GLOBE NEWSWIRE) -- Katahdin Bankshares Corp. (OTCBB:KTHN), parent company of Katahdin Trust Company, previously reported 2010 earnings of $4,749,000. "This represents the highest earnings in the Company's history," said Jon J. Prescott, President & CEO. "Today we are pleased to release full financial details in our 2010 Annual Report, which is posted on our website at www.katahdintrust.com."   

Katahdin Bankshares Corp. stock is quoted on the Over-the-Counter Bulletin Board (OTCBB) under the symbol KTHN. Current stock information can be found on the OTCBB website at www.otcbb.com.

Established in 1918, Katahdin Trust Company provides banking services to individuals and businesses from 15 offices in northern and central Maine, online at www.katahdintrust.com and operates commercial loan offices in Bangor and Scarborough.

The Katahdin Bankshares Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7340

CONTACT: Vicki Smith, Senior Vice President
         Katahdin Trust Company
         (207) 521-0455, Ext. 135

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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