Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, auto, and other installment lending. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third-party investment and insurance services. Further, the company offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401K plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. It operates 53 locations across Maine, New Hampshire, and Vermont. The company was founded in 1887 and is based in Bar Harbor, Maine.
Bar Harbor Bankshares was formed in 1997 as the holding company for Bar Harbor Bank & Trust. Bar Harbor Bank & Trust was founded in 1914 as the First National Bank of Bar Harbor, Maine, making it the oldest full-service community bank in Eastern Maine. In 2000, the company expanded its service area with the acquisition of Downeast Financial Services. In May 2006, Bar Harbor Bankshares opened its first branch office in Farmington, Maine. Later that year, Bar Harbor Bankshares purchased National Maine Bank, increasing the number of bank offices to 13.
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Mr. William Schaefer (Sr. VP of Fin.)
Ms. Caitlin Dunston (Sr. VP, Corp. Counsel & Clerk)
Recognition and Awards
Bar Harbor Bankshares has been recognized four times as one of the Top 100 Employers in Maine by 'The Maine 100' annual publication and six times as one of the Best Places to Work in Maine by the Best Companies Group. Additionally, the company has been named an Honoree in the Gallup Great Workplace Award.