Waterville, once known as Ticonic Village, was originally part of Winslow. Waterville was incorporated as a separate town in 1802 when Winslow residents on the west side of the Kennebec found themselves unable to cross the river easily so as to voice their opinions in town meetings.

The Maine Central Railroad established locomotive and car repair shops in the town and Waterville developed into a thriving mill community.

The first high school was built in 1877 while the current Waterville Senior High School was built in 1961.

In 2002, the Hathaway shirt company, one of the last remaining textile factories in the United States producing dress shirts, closed after over 160 years of operation in the town.

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