Business

Bank is one of Maine’s Best Places to Work

HOULTON, Maine — Katahdin Trust Company was recently named one of the 2021 Best Places to Work in Maine. 

This survey and awards program is dedicated to identifying and recognizing the state’s best employers and providing organizations with valuable employee feedback.

“I am very pleased to share that this is the fourth consecutive year that Katahdin has been named one of Maine’s Best Places to Work,” said Jon Prescott, president and CEO of Katahdin. 

“This recognition demonstrates our dedication, teamwork, and company spirit. I want to thank our employees for everything they continue to do to provide our customers with the community banking at its best experience.”

 The bank has nearly 180 employees throughout Maine with 16 branch locations, a commercial heavy equipment financing office, and an administration and operations center. In addition to its culture centered around professional growth and community involvement, the bank offers benefits including performance-based incentives, college tuition reimbursement program and an employee stock ownership plan. 

The Best Places to Work in Maine was created in 2006 and is a project of the Society for Human Resource Management – Maine State Council (MESHRM) and Best Companies Group. Partners endorsing the program include: Mainebiz, the Maine State Chamber of Commerce and Maine HR Convention. 

The 2021 Best Places to Work in Maine list is made up of 100 companies in three size categories: small (15-49), medium (50-249), and large (250 plus) U.S. employees.

 To be considered for participation, companies had to fulfill the following eligibility requirements: have at least 15 employees working in Maine; be a for-profit or not-for-profit business or government entity; be a publicly or privately held business; have a facility in the state of Maine; and must be in business a minimum of 1 year. 

 Companies from across the state entered the two-part process to determine the Best Places to Work in Maine. The first part consisted of evaluating each nominated company’s workplace policies, practices, and demographics and was worth approximately 25 percent of the total evaluation. 

The second part consisted of an employee survey to measure the employee experience and was worth approximately 75 percent of the total evaluation. The combined scores determined the top companies and the final rankings. Best Companies Group manages the overall registration and survey process in Maine, analyzing the data and using their expertise to determine the final rankings.

For more information on the program, visit www.BestPlacestoWorkME.com or contact Jackie Miller at 717-323-5237.

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