PATTEN – Katahdin Bankshares Corp., parent company of Katahdin Trust Co., has declared a cash dividend of 68 cents per share for the first quarter of 2007.

The dividend represents an increase of 23.6 percent over last year’s first-quarter dividend, according to Jon J. Prescott, Katahdin Trust’s president and CEO. The dividend will be payable on March 30 to all shareholders of record as of March 16.

Katahdin Trust has offices in Ashland, Caribou, Eagle Lake, Easton, Fort Fairfield, Houlton, Island Falls, Limestone, Mars Hill, Oakfield, Patten, Presque Isle, Van Buren and Washburn.