AGÕæÈ˹ٷ½

STOCK TITAN

Bar Harbor Bankshares Receives Regulatory Approvals for Acquisition of Guaranty Bancorp, Inc.

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)

Bar Harbor Bankshares (NYSE American: BHB) has received all necessary regulatory approvals for its previously announced acquisition of Guaranty Bancorp, Inc., the parent company of Woodsville Guaranty Savings Bank. The transaction is expected to close around July 31, 2025, subject to customary closing conditions.

The merger will strengthen Bar Harbor's presence in New Hampshire, adding to its existing network of over 50 locations across Maine, New Hampshire, and Vermont. Bar Harbor Bank & Trust, with more than $4 billion in assets, operates as a leading Northern New England community bank offering personal and business banking services, along with wealth management services through its subsidiary Bar Harbor Wealth Management.

Bar Harbor Bankshares (NYSE American: BHB) ha ottenuto tutte le approvazioni regolamentari necessarie per l'acquisizione precedentemente annunciata di Guaranty Bancorp, Inc., la società madre di Woodsville Guaranty Savings Bank. La transazione dovrebbe concludersi intorno al 31 luglio 2025, subordinatamente alle consuete condizioni di chiusura.

La fusione rafforzerà la presenza di Bar Harbor nel New Hampshire, ampliando la sua rete già esistente di oltre 50 sedi tra Maine, New Hampshire e Vermont. Bar Harbor Bank & Trust, con oltre 4 miliardi di dollari in asset, opera come una banca comunitaria leader nel Nord del New England, offrendo servizi bancari personali e aziendali, oltre a servizi di gestione patrimoniale tramite la sua controllata Bar Harbor Wealth Management.

Bar Harbor Bankshares (NYSE American: BHB) ha recibido todas las aprobaciones regulatorias necesarias para la adquisición previamente anunciada de Guaranty Bancorp, Inc., la empresa matriz de Woodsville Guaranty Savings Bank. Se espera que la transacción se cierre alrededor del 31 de julio de 2025, sujeta a las condiciones habituales de cierre.

La fusión fortalecerá la presencia de Bar Harbor en New Hampshire, sumándose a su red existente de más de 50 ubicaciones en Maine, New Hampshire y Vermont. Bar Harbor Bank & Trust, con más de 4 mil millones de dólares en activos, opera como un banco comunitario líder en el norte de Nueva Inglaterra, ofreciendo servicios bancarios personales y comerciales, además de servicios de gestión patrimonial a través de su subsidiaria Bar Harbor Wealth Management.

Bar Harbor Bankshares (NYSE American: BHB)ëŠ� ì´ì „ì—� 발표í•� Guaranty Bancorp, Inc. ì¸ìˆ˜ë¥� 위한 모든 규제 ìŠ¹ì¸ ì ˆì°¨ë¥� 완료했습니다. Guaranty BancorpëŠ� Woodsville Guaranty Savings Bankì� 모회사입니다. ì� 거래ëŠ� ì¼ë°˜ì ì¸ 종결 ì¡°ê±´ì—� ë”°ë¼ 2025ë…� 7ì›� 31ì¼ê²½ 완료ë� 예정입니ë‹�.

ì´ë²ˆ 합병으로 Bar HarborëŠ� 뉴햄프셔 ë‚� ìž…ì§€ë¥� 강화하게 ë˜ë©°, ë©”ì¸ì£�, 뉴햄프셔ì£�, 버몬트주 ì „ì—­ì—� ê±¸ì³ 50ê°� ì´ìƒì� ì§€ì ì„ 보유í•� 기존 네트워í¬ë¥� 확장하게 ë©ë‹ˆë‹�. Bar Harbor Bank & TrustëŠ� 40ì–� 달러 ì´ìƒì� ìžì‚°ì� 보유í•� ë¶ë¶€ 뉴잉글랜드 ì§€ì—­ì˜ ì„ ë„ì ì¸ 커뮤니티 ì€í–‰ìœ¼ë¡�, ê°œì¸ ë°� 기업 금융 서비스와 ìžíšŒì‚¬ì¸ Bar Harbor Wealth Managementë¥� 통한 ìžì‚° ê´€ë¦� 서비스를 제공합니ë‹�.

Bar Harbor Bankshares (NYSE American : BHB) a obtenu toutes les approbations réglementaires nécessaires pour son acquisition précédemment annoncée de Guaranty Bancorp, Inc., la société mère de Woodsville Guaranty Savings Bank. La transaction devrait être finalisée aux alentours du 31 juillet 2025, sous réserve des conditions habituelles de clôture.

Cette fusion renforcera la présence de Bar Harbor dans le New Hampshire, en ajoutant à son réseau existant de plus de 50 agences réparties dans le Maine, le New Hampshire et le Vermont. Bar Harbor Bank & Trust, avec plus de 4 milliards de dollars d'actifs, est une banque communautaire majeure du Nord de la Nouvelle-Angleterre, offrant des services bancaires personnels et professionnels, ainsi que des services de gestion de patrimoine via sa filiale Bar Harbor Wealth Management.

Bar Harbor Bankshares (NYSE American: BHB) hat alle erforderlichen behördlichen Genehmigungen für die zuvor angekündigte Übernahme von Guaranty Bancorp, Inc., der Muttergesellschaft der Woodsville Guaranty Savings Bank, erhalten. Die Transaktion soll voraussichtlich um den 31. Juli 2025 abgeschlossen werden, vorbehaltlich der üblichen Abschlussbedingungen.

Die Fusion wird die Präsenz von Bar Harbor in New Hampshire stärken und das bestehende Netzwerk von über 50 Standorten in Maine, New Hampshire und Vermont erweitern. Bar Harbor Bank & Trust, mit mehr als 4 Milliarden US-Dollar an Vermögenswerten, ist eine führende Community-Bank in Nord-New England und bietet Privat- und Geschäftskundendienstleistungen sowie Vermögensverwaltungsdienste über seine Tochtergesellschaft Bar Harbor Wealth Management an.

Positive
  • Expansion of presence in New Hampshire market through strategic acquisition
  • Regulatory approvals secured for the merger, indicating compliance and feasibility
  • Addition to existing network of over 50 locations across three states
  • Strong asset base of more than $4 billion demonstrates financial stability
Negative
  • Potential integration challenges and costs during merger implementation
  • Expected synergies and cost savings may not materialize as projected
  • Timing of closing remains subject to additional conditions

Insights

Bar Harbor's acquisition of Guaranty Bancorp strengthens its New Hampshire footprint and expands its $4B asset base through a strategic regional consolidation.

Bar Harbor Bankshares has cleared a critical hurdle in its acquisition journey, receiving all necessary regulatory approvals for the Guaranty Bancorp transaction. This development significantly de-risks the merger process, as regulatory challenges represent one of the primary failure points in banking M&A. The anticipated July 31 closing date suggests the integration planning is well advanced.

This acquisition represents a strategic geographic expansion that will strengthen Bar Harbor's competitive position in New Hampshire, complementing its existing Northern New England footprint across Maine, New Hampshire, and Vermont. With Bar Harbor's current $4+ billion in assets, this transaction continues the consolidation trend among regional banks seeking operational scale efficiencies.

For regional banks like Bar Harbor, strategic acquisitions provide multiple advantages: geographic diversification, expanded customer base, operational synergies, and technology investment distribution across a wider revenue base. While the press release doesn't specify the deal's financial terms or Guaranty's asset size, the regulatory approval indicates the transaction met capital adequacy and competition requirements.

This merger aligns with the ongoing consolidation in the community banking sector, where smaller institutions face challenges competing with larger banks' technology capabilities and regulatory compliance resources. For Bar Harbor, which operates over 50 locations, this expansion enhances its community banking model while potentially achieving cost efficiencies through consolidated operations.

BAR HARBOR, ME / / July 10, 2025 / Bar Harbor Bankshares (NYSE American:BHB; the "Company") announced that it had received all necessary regulatory approvals to complete its previously announced acquisition of Guaranty Bancorp, Inc., the parent company of Woodsville Guaranty Savings Bank. The transaction is expected to close on or around July 31, 2025, subject to the satisfaction of customary closing conditions.

Curtis Simard, President and Chief Executive Officer of Bar Harbor Bank & Trust, said, "We are pleased to have received regulatory approval as we continue towards completing the merger of Woodsville Guaranty Savings Bank and Bar Harbor Bank & Trust. We are excited to bring our two companies together to strengthen our New Hampshire presence."

BACKGROUND

Bar Harbor Bankshares (NYSE American:BHB) is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Operating over 50 locations across Maine, New Hampshire and Vermont, Bar Harbor Bank & Trust is headquartered in Bar Harbor, Maine and has more than $4 billion in assets. As a leading Northern New England community bank, Bar Harbor Bank & Trust offers a full range of personal and business banking services, as well as wealth management services through its subsidiary Bar Harbor Wealth Management. For more information about Bar Harbor Bank & Trust, visit or call 888-853-7100. Member FDIC.

FORWARD LOOKING STATEMENTS

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the proposed transaction and other statements that are based on Bar Harbor's beliefs and expectations but are not historical facts. Forward-looking statements are often, but not always, identified by such words as "believe," "expect," "anticipate," "can," "could," "may," "predict," "potential," "intend," "outlook," "estimate," "forecast," "project," "should," "will," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which may change over time.

Although Bar Harbor believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions, actual results or future events could differ, possibly materially, from those indicated in such forward-looking statements as a result of a variety of factors, including, but not limited to, that the expected synergies, cost savings and other financial benefits of the proposed transaction might not be realized within the expected timeframes or might be less than projected; the timing of the closing of the proposed transaction might not occur when contemplated, and certain other risks and important factors that are identified in the "Risk Factors" section of Bar Harbor's Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and in the other reports filed by Bar Harbor with the Securities and Exchange Commission. Caution should be exercised against placing undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Bar Harbor undertakes no obligation to update any forward-looking statement, whether to reflect events or circumstances after the date on which the statement is made, to reflect new information or the occurrence of unanticipated events, or otherwise.

SOURCE: Bar Harbor Bank & Trust



View the original on ACCESS Newswire

FAQ

When will Bar Harbor Bankshares (BHB) complete the acquisition of Guaranty Bancorp?

The acquisition is expected to close on or around July 31, 2025, subject to satisfaction of customary closing conditions.

What regulatory approvals did Bar Harbor Bankshares receive for the Guaranty Bancorp acquisition?

Bar Harbor Bankshares has received all necessary regulatory approvals required to complete the acquisition of Guaranty Bancorp, Inc., the parent company of Woodsville Guaranty Savings Bank.

How many locations does Bar Harbor Bank & Trust currently operate?

Bar Harbor Bank & Trust operates over 50 locations across Maine, New Hampshire and Vermont.

What is the current asset size of Bar Harbor Bank & Trust?

Bar Harbor Bank & Trust has more than $4 billion in assets and operates as a leading Northern New England community bank.

How will the Guaranty Bancorp acquisition affect Bar Harbor's market presence?

The acquisition will strengthen Bar Harbor's presence in New Hampshire, expanding its community banking network in Northern New England.
Bar Harbor Bk

NYSE:BHB

BHB Rankings

BHB Latest News

BHB Latest SEC Filings

BHB Stock Data

448.16M
14.89M
2.77%
58.37%
0.26%
Banks - Regional
State Commercial Banks
United States
BAR HARBOR