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…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.