BAR HARBOR — Bar Harbor Bankshares, the holding company for Bar Harbor Bank & Trust with a location in Topsham, has completed its merger with Lake Sunapee Bank Group, the holding company for Lake Sunapee Bank. The company is now the only community bank headquartered in northern New England with a market footprint in Maine, New Hampshire and Vermont.
“The merger creates value for shareholders, customers and employees by creating efficiencies and strategic growth opportunities, allowing the combined organization to draw on various customer service, product and technological strengths. The very compatible cultures of the two companies make the partnership a natural fit,” said Curtis Simard, president and CEO of Bar Harbor Bankshares.
As a division of Bar Harbor Bank & Trust, Lake Sunapee Bank branches will continue to operate under the Lake Sunapee Bank name.
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