Bar Harbor Bankshares Announces New President & CEO.Business Editors BAR HARBOR, Maine--(BUSINESS WIRE)--Feb. 25, 2002 John P. Reeves, Chairman of the Board of Directors of Bar Harbor Bankshares, announces the appointment of a new President & CEO. Joseph M. Murphy has joined Bar Harbor Bankshares as President & CEO. Mr. Murphy is responsible for setting the strategic direction for the holding company and its two subsidiaries Bar Harbor Banking and Trust Company and BTI Financial Group Mr. Murphy brings 36 years of financial services experience to Bar Harbor Bankshares, most recently as Executive Vice President - Retail Banking Group for WSFS Financial Corporation, a $1.8 billion financial services company based in Wilmington, Delaware. He also served 20 years with Center Financial Corporation, a $4 billion Connecticut based community bank holding company, now part of First Union Corp. With Center Financial Corporation, Mr. Murphy served as Executive Vice President of Operations and Technology, CEO of Center Capital Corporation, and Regional President. Mr. Murphy earned his Bachelor of Arts degree from Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. and attended graduate studies at Rensselear Polytechnic Institute. Mr. Murphy is active in numerous civic, charitable and not-for-profit organizations, including the March of Dimes
Mr. Murphy and his wife Maria will be relocating to Mount Desert Island Mount Desert Island (dĭzûrt`), c.100 sq mi (260 sq km), largest island off the coast of Maine; separated from the mainland by Frenchman Bay, Mt. Desert Narrows, and Western Bay. The island's rugged topography is a result of glacial action. . Bar Harbor Banking and Trust Company, founded in 1887, provides full service banking with ten locations throughout Down East Maine. BTI Financial Group subsidiaries include Dirigo Investments, Inc., a NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). registered broker dealer; Block Capital Management, an SEC registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in ; and Bar Harbor Trust Services, a Maine chartered trust company. Bar Harbor Bankshares is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol BHB. |
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