BAR HARBOR BANKSHARES Business Summary

Bar Harbor Bankshares (BHB) is a regional bank holding company that generates revenue primarily through net interest income derived from its diversified loan portfolio and deposit base, supplemented by non-interest income from wealth management fees and service charges. The company operates through three primary business segments: Consumer Banking, Commercial Banking, and Wealth Management, the latter of which is managed through its subsidiary, Bar Harbor Wealth Management. Following its July 2025 acquisition of Guaranty Bancorp, Inc., the institution expanded its footprint to 62 branches across Maine, New Hampshire, and Vermont, with total assets reaching approximately $4.8 billion. BHB competes directly with regional peers such as Camden National Corporation (CAC), First Bancorp (FNLC), Arrow Financial (AROW), and Peapack-Gladstone Financial (PGC), positioning itself as a leading community-focused alternative to large national banks by leveraging deep-rooted local relationships and a robust digital banking suite. Leadership is spearheaded by President and CEO Curtis C. Simard, who has guided the company’s strategic growth and regional expansion since 2013. The executive team includes Josephine Iannelli, who serves as Executive Vice President, Chief Financial Officer, and Treasurer, bringing extensive experience in financial strategy and capital management. Other key leaders include Jason Edgar, President of Bar Harbor Wealth Management, and John M. Mercier, Executive Vice President and Chief Lending Officer. The company is governed by a board chaired by Matthew Caras and maintains a strong institutional investor base, with major holdings from BlackRock, Inc., The Vanguard Group, and FMR LLC (Fidelity). Founded in 1887, the bank has transitioned from a local Maine institution into a prominent Northern New England financial powerhouse while maintaining its commitment to community-driven service.