Collett promoted at Katahdin Trust

    Peter St. John, senior vice president of commercial services at Katahdin Trust Company, has announced the promotion of Peter G. Collett to Commercial Services Officer. In his new position, Collett will be responsible for business lending and development in the southern Aroostook and northern Penobscot area, serving customers from the bank’s branches in Patten, Island Falls and Oakfield.
    Collett joined the Bank in 2009 as a Credit Analyst and has worked closely with the Bank’s Commercial Services team by analyzing business financial statements to provide a foundation for the Bank’s loan decision making.
Peter Collett
    “We are pleased to promote Peter to this position,” St. John said. “His financial and real estate background combined with his recent analyst experience make this a natural transition for Peter within the Bank.”
    Collett began working for Aetna Casualty and Surety in 1990 as senior bond associate. In 1994 he joined Houlton International Corp. and served as executive vice president until 2003 when he joined First Choice Real Estate as sales agent and went on to earn his broker’s license.
    A Houlton native, Collett attained his B.S. in finance and economics from Babson College in Wellesley, Mass. and is a graduate of the Northern New England School of Banking in Durham, New Hampshire. He is a member of the Houlton Area Little League Board, Board of Advisors for the Salvation Army, Community Board of Advisors for Louisiana Pacific, and volunteers as a youth basketball, baseball, and hockey coach for area teams.