Bar Harbor Bankshares Inc. has announced the successful closing of its acquisition of Guaranty Bancorp, Inc., the parent company of Woodsville Guaranty Savings Bank. The merger results in a combined institution with total assets of approximately $4.8 billion and 62 branches across Maine, New Hampshire, and Vermont. Each outstanding share of Guaranty common stock was converted into 1.85 shares of Bar Harbor Bankshares common stock, with cash paid for fractional shares. Curtis Simard, President and CEO of Bar Harbor Bank & Trust, expressed enthusiasm for the merger, highlighting it as a significant milestone in the company's growth strategy and welcoming new colleagues to the organization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bar Harbor Bankshares Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1055300) on July 31, 2025, and is solely responsible for the information contained therein.