Bar Harbor Bankshares (NYSE American: BHB) has announced the approval of the merger of Guaranty Bancorp, Inc. ("Guaranty") with Bar Harbor Bankshares. This move is expected to strengthen the company's presence in New Hampshire.
The merger is with the parent company of Woodsville Guaranty Savings Bank, and its shareholders voted to approve the merger on June 12, 2025. Curtis Simard, President and CEO of Bar Harbor Bank & Trust, expressed excitement about the merger, emphasizing the importance of shareholder approval as a step towards completing the merger.
Bar Harbor Bankshares operates over 50 locations across Maine, New Hampshire, and Vermont, with headquarters in Bar Harbor, Maine and over $4 billion in assets. The company offers a full range of personal and business banking services, as well as wealth management services through its subsidiary Bar Harbor Wealth Management.
The merger is expected to be completed during the summer of 2025, pending regulatory approvals and satisfaction of closing conditions. This move is anticipated to allow the combined entity to offer a broader array of services, locations, and support to the communities they serve.
James E. Graham, President & CEO of Woodsville Guaranty Savings Bank, expressed confidence in the merger, stating that joining Bar Harbor Bank & Trust will enable them to better serve their customers and colleagues.
This development showcases Bar Harbor Bankshares' strategic expansion efforts and its commitment to enhancing its offerings and presence in the region. Following these announcements, the company's shares moved -0.45%, and are now trading at a price of $28.70. If you want to know more, read the company's complete 8-K report here.
