Bailout Bank Bio: Bar Harbor Bankshares

May 12, 2009 | 2 min read | Print Article

Bar Harbor Bankshares is a bank holding company. The Company has one wholly owned operating subsidiary, Bar Harbor Bank & Trust (the Bank), a community bank, which offers a range of deposit, loan, and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its subsidiary, Bar Harbor Trust Services (Trust Services), a chartered non-depository trust company. As of December 31, 2007, Bar Harbor Bankshares operated 12 branch offices. The company was founded in 1884 and is based in Bar Harbor, Maine. In early January the company announced it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company announced it would receive $18.751 million from Treasury in exchange for preferred stock.

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Bailout Bank Bio: Bar Harbor Bankshares


Federal Equity Investment	$18.8 million
Total Revenue	$15.739 million
Net Income	$2.333 million
Number of Employees	139
Corporate Headquarters	Bar Harbor, Maine
Business Sector	Bank
Officers and Directors	Shencavitz, Gerald, Chief Financial Officer, Executive Vice President, Treasurer Colwell, Thomas, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.bhbt.com/
Executive Compensation	Bar Harbor Bankshares