Bar Harbor Bank & Trust Completes Major Northern New England Expansion Through Guaranty Bancorp Integration

Bar Harbor Bankshares (NYSE American:BHB) has finalized its acquisition of Guaranty Bancorp, Inc., marking a pivotal expansion for the regional financial institution. Through this transaction, Woodsville Guaranty Savings Bank joins the Bar Harbor family, creating a combined banking entity with approximately $4.8 billion in total assets and an expanded footprint of 62 branches spanning Maine, New Hampshire, and Vermont.

Transaction Details and Shareholder Value

Under the merger agreement, Guaranty shareholders received 1.85 shares of Bar Harbor Bankshares common stock for each outstanding share they held, with fractional shares settled in cash. This structure reflects Bar Harbor’s commitment to delivering tangible value while streamlining the integration process for all stakeholders involved in the transaction.

Strategic Growth Momentum

Curtis Simard, President and Chief Executive Officer of Bar Harbor Bank & Trust, highlighted the significance of this closing: “Completing this merger represents a major achievement in our strategic expansion. The integration of Woodsville Guaranty Savings Bank demonstrates our proven ability to identify and execute acquisitions that strengthen our market position while maintaining our organic growth trajectory. We’re pleased to welcome our new team members and remain focused on delivering sustainable, profitable growth across Northern New England for our employees, customers, and shareholders.”

Combined Institution Scale

The merged banking organization now operates over 60 locations across Maine, New Hampshire, and Vermont, with more than $4 billion in assets under management. Bar Harbor Bank & Trust, headquartered in Bar Harbor, Maine, continues to offer comprehensive personal and business banking solutions, complemented by specialized wealth management services through its Bar Harbor Wealth Management subsidiary. This enhanced scale positions the institution as a leading community bank serving the broader Northern New England region.

The integration of Woodsville Guaranty Savings Bank into Bar Harbor’s operations reinforces the bank’s strategy of combining organic expansion with disciplined M&A activity, creating a stronger financial institution capable of serving an increasingly diverse customer base across three states.