Katahdin in Maine Picks Fiserv’s Banking Platform

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Katahdin Trust Company in Houlton, Maine, has chosen Fiserv’s core banking platform along with a host of other services from the fintech company.

The $580 million-asset bank and its parent, Katahdin Bancshares (KTHN), will move to the Premier bank platform and will use Fiserv products for online banking and payments, the fintech company announced Wednesday. The bank said it chose Fiserv for its scalability and integration.

"Bringing leading-edge technology under one Fiserv umbrella will help us to create new efficiencies throughout our organization, remain competitive and improve our bottom line," Jon Prescott, president chief executive of Katahdin Trust Company, said in the news release.

Along with the Premier platform, Katahdin will use Fiserv's programs for business-to-business payments, bill payments, mobile banking, online banking, check capture, wire transfers, electronic process management, new account and process management and card services.

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