Katahdin Bankshares : Trust Names Yancy LaPointe as Branch Manager in Fort Fairfield

FOR IMMEDIATE RELEASE

January 11, 2017

Katahdin Trust Names Yancy LaPointe as Branch Manager in Fort Fairfield Fort Fairfield, ME - Katahdin Trust is pleased to announce the recent promotion of Yancy J. P. LaPointe to Branch Manager and Retail Services Officer in Fort Fairfield. His new responsibilities include the day-to-day management of activities at the Fort Fairfield branch, sales and business development, and retail lending.

"I am pleased to announce Yancy's hard earned promotion," said Bonnie Foster, Katahdin Trust Senior Vice President, Retail Services. "He has demonstrated tremendous leadership and banking expertise over his eleven years with the Bank. Our customers will continue to benefit from his presence and experience as he assumes this new role for Katahdin Trust."

Yancy, a Presque Isle native, has been with Katahdin Trust since 2005, where he started his banking career as a part-time teller at our Presque Isle branch. He became a full-time teller in 2006 and a Retail Services Assistant shortly thereafter. In 2014 Yancy was promoted to Retail Services Assistant Supervisor.

Yancy is a graduate of Presque Isle High School, Northern New England School of Banking in Durham New Hampshire, as well as the Young Professionals Institute in Presque Isle. He has also earned several banking diplomas and certificates from the Center for Financial Training Education Alliance. Active in his community, he currently serves as President of the Fort Fairfield Chamber of Commerce and Treasurer of several Aroostook County chapters of the Salvation Army of Northern New England. He is also a volunteer with Junior Achievement of Maine, Friends Helping Friends Food Pantry and his church. He is also the past Ceremonies Chair for the World Cup Biathlon. Yancy resides in Fort Fairfield.

"Yancy replaces Sue Fitzherbert who has been in banking for over thirty years," stated Foster. "We thank Sue for the excellent leadership demonstrated during her tenure, which extended beyond the daily duties of providing financial solutions for our customers to her active involvement in the community and surrounding areas."

About Katahdin Trust

Katahdin Trust Company, established in 1918 with over $744 million in assets, provides banking services to individuals and businesses from offices throughout Maine and online at KatahdinTrust.com. Katahdin Bankshares Corp., parent company of Katahdin Trust Company, stock is quoted on the OTC Markets quote board OTCQX under the symbol KTHN. Current stock information can be found at otcmarkets.com/stock/KTHN/quote.

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Yancy LaPointe, Fort Fairfield Branch Manager, Retail Services Officer.