Bar Harbor Bank adds branch in Bedford, NH
Courtesy / Bar Harbor Bank & Trust
Bar Harbor Bank & Trust, which recently opened an office in Bedford, N.H., doubled its earnings in the fourth quarter.
Bar Harbor Bank & Trust recently opened a branch in Bedford, N.H., bringing its total in the Granite State to 21. It also now has 54 combined in the three northern New England states.
The 2,236-square-foot building, located at 3 Kilton Road in the 21,000-population town, was designed by JD Design Associates Inc. Construction was completed by Sullivan Construction, which is based in Bedford. Cost details were not immediately available.
“Bar Harbor Bank & Trust thinks differently about banking, and we are excited to introduce our brand and personal banking experience to the Bedford community,” Curtis Simard, president and CEO of Bar Harbor Bank & Trust, said in a news release on Tuesday.
“We believe our extensive network of branch locations across northern New England, cutting-edge digital banking tools, and personalized service make us the best banking option for the residents of Bedford," he added.
The opening comes less than three months after Bar Harbor Bank & Trust opened a branch in Brunswick's Cooks Corner area in which it invested more than $2.4 million to build. It opened that branch after permanently closing its doors in Topsham less than four miles away.
Asked about the bank's expansion strategy, Simard told Mainebiz by phone recently, "We're continuing to show our commitment to the markets that we're in."
The Bedford branch offers lobby and drive-up banking services Monday through Friday, from 9 a.m. to 5 p.m., and on Saturdays from 9 a.m. to noon.
The new location also provides a 24/7 drive-up ATM and a convenient night drop box. In addition to the branch services, customers have access to round-the-clock online and mobile banking.
Bar Harbor Bank & Trust, with more than $3.6 billion in assets, is owned by Bar Harbor Bankshares (NYSE: BHB).
In late October, the parent company reported a 68% jump in third-quarter net income to $8.4 million, citing an upswing in customer activity since state economies reopened last summer on a limited basis, and a further rebound in branch operations compared to the first half.
Based on assets as of June 30, 2020, Bar Harbor Bank ranks No. 3 on a Mainebiz list of the largest Maine-based banks, trailing Bangor Savings Bank (No. 1) and Camden National Bank (No. 2).
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