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PATTEN – Katahdin Bankshares Corp., parent company of Katahdin Trust Co., has declared a cash dividend of 55 cents per share for the fourth quarter of 2006. Jon J. Prescott, Katahdin Trust Co. president and CEO, said this represented an increase of 19.6 percent over last year’s fourth quarter dividend.
The dividend will be payable on Dec. 29 to shareholders of record as of Dec. 22, 2006.
The bank’s stock is now being quoted on the NASDAQ Over the Counter Bulletin Board. Current stock information can be found on the OTCBB Web site at www.otcbb.com. The company’s ticker symbol is KTHN.
“We believe that by adding the NASDAQ OTCBB listing we will be able to provide our shareholders with improved liquidity for their shares,” Prescott said.
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