Katahdin Trust Recognized as a Top Workplace for Parents in 2025

Katahdin Trust Company Recognized as a Top Employer for Working Parents in 2025

HOULTON, Maine – Katahdin Trust Company has proudly announced its designation as a 2025 Best Place for Working Parents®, marking a significant accolade in the realm of family-friendly workplace policies. This recognition underscores the bank’s commitment to fostering an inclusive and supportive environment for its employees, particularly those balancing professional and parental responsibilities. Notably, this achievement marks the fourth consecutive year that Katahdin Trust has received this prestigious designation.

Jon Prescott, the president and CEO of Katahdin Trust, expressed pride in the recognition, stating, “We are proud to once again receive this designation and even prouder of the culture we’ve built together. Attracting and retaining top talent is essential to our success, and fostering a family-friendly, engaging workplace enables us to build and sustain a strong, dedicated team.” This emphasis on cultivating a supportive work environment aligns with contemporary workforce trends that emphasize the importance of work-life balance.

The Best Place for Working Parents survey, which serves as the foundation for this award, employs a groundbreaking online business self-assessment. This initiative focuses on recognizing innovative, research-backed policies that specifically benefit working parents. With the demand for flexible and supportive work environments on the rise, such evaluations serve as a vital resource for organizations seeking to enhance their workplace culture.

Katahdin Trust’s commitment to employee welfare is reflected in its comprehensive benefits package, designed to meet the diverse needs of its workforce. The organization boasts nearly 180 employees across 16 branch locations in Maine, as well as a commercial heavy equipment finance office and an administrative and operations center. The benefits they provide include performance-based incentives, paid sick leave, vacation, personal days, a college tuition reimbursement program, and an employee stock ownership plan. These offerings not only attract prospective employees but also foster loyalty and morale among current staff.

As workplaces increasingly adapt to the evolving demands of the labor market, Katahdin Trust’s focus on family-friendly policies and practices positions it as a leader in the financial services sector. Through comprehensive employee benefits and a supportive company culture, Katahdin Trust continues to strengthen its ability to attract and retain a high-quality workforce in a competitive landscape.