Company Profile
- Bar Harbor Bankshares (NYSE American: BHB) (“Bar Harbor” or “the company”), headquartered in Bar Harbor, Maine, is the $4.0 billion asset-bank holding company of Bar Harbor Bank & Trust (“the bank”), with origins dating back over 135 years. Bar Harbor operates a 50+ branch network across Maine, New Hampshire, and Vermont, in many rural markets traditionally driven by tourism, agriculture, and small to medium size businesses supporting the economy. BHB offers trust ($3.1 billion in AUM) and treasury management services, customer derivatives, and secondary market mortgage sales to complement its traditional retail and commercial banking products.
- The company has supplemented organic growth with strategic M&A, with the acquisition of Lake Sunapee Bank Group in 2017 and the purchase of eight Peoples’ United Bank branches in 2019. The expansion in geographic and product diversity across a three-state core footprint has reinforced management’s strategy…