Bar Harbor Bankshares Receives FDIC Approval
Bar Harbor Bankshares (the “Company”) (NYSE: BHB) the parent company of Bar Harbor Bank & Trust, today announced that the Federal Deposit Insurance Corporation (the “FDIC”) has approved the Company's application to acquire certain assets and assume certain liabilities of Border Trust Company. The Company previously received regulatory approval from the Maine Bureau of Financial Institutions (the “Maine BFI”) for the transaction.
In making the announcement, the Company's President & CEO, Joseph M. Murphy said, “We are very pleased that the transaction with Border Trust has been approved by the FDIC and the Maine Bureau of Financial Institutions. We look forward to completing the transaction and continuing to execute on our strategic plan to serve our customers and deliver value to our shareholders. We welcome the opportunity to grow afforded us by our formal entry into Kennebec and Sagadahoc counties.”
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