Bar Harbor Banking and Trust Company Completes Branch Acquisition.Business Editors
BAR HARBOR Bar Harbor, town (1990 pop. 2,768), SE Maine, on Mount Desert Island and on Frenchman Bay; settled 1763, inc. 1796. It was a famed New England resort during the 19th cent. Bar Harbor is a port of entry, with ferry connections to Yarmouth, N.S., during the summer. , Maine--(BUSINESS WIRE)--Feb. 13, 2004
Bar Harbor Banking and Trust Company, subsidiary of Bar Harbor Bankshares (AMEX AMEX
See: American Stock Exchange : BHB BHB Bar Harbor, ME, USA (Airport Code)
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BHB Block History Buffer ), today announced the completion of its acquisition of the Rockland branch of Androscoggin Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. located at 245 Camden Street on Route 1, Maine. With approximately $21.4 million in deposits and $12.4 million in loans, the branch will open at 8:00 a.m. Saturday morning, February 14th, as a new office of Bar Harbor Banking and Trust Company.
"We would like to take this opportunity to extend a very warm welcome to the customers and employees of the Rockland office," said Joseph Murphy, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We look forward to providing exemplary customer service, with a broad array of products and services, and to being an active social and civic participant in the greater Rockland community."
Bar Harbor Banking and Trust Company, founded in 1887, provides full service banking with eleven locations in Down East and Mid Coast Maine.