Tuesday, July 16, 2019

Dr. Ormanda Johnson Joins Cadillac Family Practice in Bar Harbor


Mount Desert Island Hospital is pleased to announce that Ormanda Johnson, MD, MPH has joined Cadillac Family Practice at MDI Hospital. Dr. Johnson specializes in family medicine, dermatology and public health. Her medical interests and expertise also include occupational health and medical education.

Previously in practice in the United Kingdom, Dr. Johnson is originally from the Bahamas. Mount Desert Island appealed to her because it shared the small island feel that she grew up with and beautiful scenery. “I am excited to be a part of this great community,” she says.

Dr. Johnson’s care philosophy centers on personalized, patient-centered care. “I aim to provide quality healthcare and treat others the way I would like to be treated—with respect, dignity, compassion—and a smile. I love being able to partner and build relationships across generations, and helping to look after not only my patients’ physical health, but their social well-being and mental health as well,” she says. “Coming from a public health background, I wholeheartedly believe in preventative care.”

After earning her medical degree from the University of the West Indies in 2003, she went on to earn her Master’s in Public Health from Emory University in 2008. She was also named the 2008 Bahamas Commonwealth Scholar, where she was awarded a full scholarship to complete her Master’s Degree in Clinical Dermatology at King’s College London, The University of London in recognition of her accomplishments in improving rural healthcare. This international scholarship is given annually to one resident of the Bahamas. While at King’s College London, she completed a St John’s Institute of Dermatology Fellowship. She completed her residency at The Royal College of General Practitioners in the United Kingdom in 2013.

Outside of work, she enjoys traveling, music, swimming, spending time with her young son Daniel and family in general. Dr. Johnson is now accepting new patients for both primary care and dermatology.

To learn more or to schedule an appointment, contact Cadillac Family Practice at 288-5119.

Tuesday, July 9, 2019

Bar Harbor Bank to Acquire 8 Bank Branches in Central Maine


 Bar Harbor Bankshares (NYSE American: BHB or the “Company”) announced that its banking subsidiary, Bar Harbor Bank & Trust (“BHBT” or the “Bank”), has signed a definitive agreement to acquire eight branches located in central Maine with approximately $287 million of deposits, $111 million of loans and $284 million of assets under management (as of March 31, 2019) from People’s United Bank, National Association (“People’s”).       

Both banks will be working closely to ensure a seamless transition for customer accounts and associates transferring to BHBT.  The Company intends to offer continued employment to the professionals associated with People’s central Maine region, which is anticipated to close in the fourth quarter of 2019.  This acquisition is subject to regulatory approval from the Federal Deposit Insurance Corporation and the State of Maine and the satisfaction of customary closing conditions.  The eight branches will increase BHBT’s total branch count to 56 in its footprint, and 22 in the State of Maine.  The Company is well positioned to integrate the new branches into its existing operations and deliver the product depth and local responsiveness that it has become known for.  

President and Chief Executive Officer, Curtis C. Simard stated, “We are pleased to welcome our new colleagues, customers and communities to our already deep Maine roots.  We look forward to servicing their banking and Wealth Management needs, and to providing our full suite of personal and commercial deposit and loan products.  We believe this acquisition provides our existing and new customers enhanced convenience and underscores our commitment to Maine while expanding into contiguous markets in a sensible way. These branches stretch across the central Maine I-95 corridor with four branches in the greater Bangor market and includes all deposits from People’s central Maine territory.”

Mr. Simard stated “This transaction contributes to our financial and long term strategic goals with manageable risk based on our experienced team’s history of successful acquisitions and system integrations.  We plan to use the acquired deposits to replace certain existing higher cost of borrowings which will result in an immediate accretion to earnings and will support future growth with additional core funding.  Incremental earnings will allow for an estimated earn-back of tangible book value per share less than a period of five years.  At closing the Company will pay a 6.3% premium on average total deposits plus a premium of 1.2 times annualized wealth management revenue and approximately $4.4 million for the fair value of premises and equipment acquired.”

Griffin Financial Group, LLC served as financial advisor to Bar Harbor Bankshares and K&L Gates served as outside legal counsel.  A presentation with additional information regarding the branch acquisition is attached as an exhibit and can be found on our website.

BACKGROUND
Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly-owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 130 years.  Bar Harbor provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont. For more information, visit www.barharbor.bank.

FORWARD LOOKING STATEMENTS
Paragraphs two, three, and four of this release contains forward looking statements about the Company’s future plans, strategies and financial performance that may be considered forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward looking statements are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and this statement is included for purposes of complying with these safe harbor provisions. These statements can be identified by the fact that they do not relate strictly to historical or current facts and often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." These forward looking statements are based on current plans and expectations, which are subject to a number of risk factors and uncertainties, many of which are beyond our control, which could cause the Company’s actual results to differ from those expressed in the forward looking statements. Risk factors relating both to the transaction and the integration of the branch customers into Bar Harbor Bank and Trust after the completion of the transaction include, without limitation:

  • Completion of the transaction is dependent on, among other things, the ability of the parties to satisfy the conditions precedent and consummate the announced Transaction and to secure of regulatory approvals and third-party consents, the timing of which cannot be predicted with precision at this point and which may not be satisfied or received at all.
  • The transaction may be more expensive to complete and the anticipated benefits may be significantly harder or take longer to achieve than expected or may not be achieved in their entirety as a result of unexpected factors or events.
  • The integration of the acquired customers and operations into the Company, which will include conversion of data and information from the seller’s operating systems to the Company’s operating systems, may take longer than anticipated or be more costly than anticipated or may have unanticipated adverse consequences.
  • The Company’s ability to achieve anticipated results from the transaction is dependent on the state of the economic and financial markets going forward. Specifically, the Company may incur more credit losses from the acquired loan portfolio than expected, deposit costs or attrition may be greater than expected, and wealth management or treasury service income may be less than expected.

Additional risks and uncertainties that could cause the Company’s actual results to differ from those expressed in the forward looking statements are identified in its reports filed with the Securities and Exchange Commission, including its Quarterly Reports on form 10‑Q, Annual Reports on Form 10-K, and Current Reports on Form 8‑K.  The forward looking statements included in this release are made only as of the date of this release, and the Company does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.


Cathy Planchart, VP
Product & Segment Marketing Manager
Marketing Department
Bar Harbor Bank & Trust
135 High Street | P.O. Box 1089
Ellsworth, ME  04605
Phone: 207-667-7100 x14655
Toll-free:  1-888-853-7100 x14655
Fax: 207-412-6420
E-mail: cplanchart@barharbor.bank

Wednesday, July 3, 2019

Bar Harbor Bank And Trust Presents Golf Tourney Proceeds to Beneficiaries


Jack Frost of Bar Harbor Bank & Trust presents a check for $10,500 to Jenny Jones of Bar Harbor Food Pantry and Dean Henry of Westside Food Pantry representing the proceeds from the Bank’s 26th Annual David R. Harding Memorial Golf Tournament played at Kebo Valley Golf Club on June 12.  This year’s tournament benefited the two Mount Desert Island food pantries with event proceeds divided equally between the two organizations, resulting in donations of $5,250 each.

Bar Harbor Food Pantry and Westside Food Pantry, have provided healthy food, household products, and supplement vouchers to our neighbors in need for decades.  Their operations are heavily supported by volunteerism and donations.  These organizations make an impact on individuals and families struggling to provide for themselves and their loved ones.

Bar Harbor Food Pantry is located at 36 Mount Desert Street in Bar Harbor and has been aiding the community since 1994.  Westside Food Pantry opened its doors in 1990 and operates out of the Harbor House Community Center on Main Street in Southwest Harbor.  Learn more about the great work these organizations do for our community by visiting their websites: www.barharborfoodpantry.org and www.westsidefoodpantry.org

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 $3.6 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 subsidiaries Bar Harbor Trust Services and Charter Trust Company.  For more information about Bar Harbor Bank & Trust, visit www.barharbor.bank or call 1-888-853-7100.  Member FDIC.

Thursday, June 20, 2019

Bar Harbor Bank & Trust awards Career & Technical Education scholarships


Congratulations to Seth Welch, Kaylee Bosse, Charlotte Brugman, Carly Pinkham, Alexander Haire, and Lydia Gatcomb recipients of the Bar Harbor Bank & Trust Career & Technical Education Scholarship.  These six 2019 high school graduates attended a technical career program as part of their high school curriculum, and were awarded the scholarship based upon their academic success and determination to further advance their education and vocational skills.  Please join us in congratulating these young people as they prepare for their future careers. 

Seth Welch, resides in Brooksville, Maine, is a graduate of Deer Isle-Stonington High School and attended Hancock County Technical Center.  He is enrolled at Eastern Maine Community College pursuing a degree in Digital Graphic Design.

Kaylee Bosse, resides in Harrington, Maine, is a graduate of Narraguagus High School and attended Hancock County Technical Center.  She is enrolled at Bates College pursuing a degree in Bio-Medical Science.

Charlotte Brugman, resides in Southwest Harbor, Maine, is a graduate of Mount Desert Island High School and attended Hancock County Technical Center.  She is enrolled at Husson University pursuing a degree in Video Production.

Carly Pinkham, resides in Steuben, Maine, is a graduate of Sumner High School and attended Hancock County Technical Center.  She is enrolled at Husson University pursuing a degree in Secondary Education – Life Sciences

Alexander Haire, resides in Columbia, Maine, is a graduate of Narraguagus High School and attended Hancock County Technical Center. He is enrolled at Universal Technical Institute pursing a degree in Automotive/Diesel.

Lydia Gatcomb, resides in Hancock, Maine, is a graduate of Sumner High School and attended Hancock County Technical Center.  She is enrolled at Husson University pursuing a degree in Occupational Therapy.

Bar Harbor Bank & Trust awarded 15 Career & Technical Education scholarships of $1500 each to 2019 high school graduates in Maine, New Hampshire and Vermont.  Application criteria included attending a technical career program (in designated geographies) as part of their high school curriculum, describing their career aspirations and college choice in a personal statement, as well as sharing their leadership and community service experiences.

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 $3.6 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 subsidiaries Bar Harbor Trust Services and Charter Trust Company.  For more information about Bar Harbor Bank & Trust, visitwww.barharbor.bank or call 888-853-7100.  Member FDIC.

###

Photo caption:

Left to right: Bar Harbor Bank & Trust employees Sonya Mitchell and Jacklyn Sinclair congratulate the six recipients of the Bar Harbor Bank & Trust Career & Technical Education scholarship: (front row) Seth Welch, Kaylee Bosse, Charlotte Brugman, Carly Pinkham (back row) Alexander Haire, and Lydia Gatcomb.  These 2019 high school graduates have plans to further advance their education and vocational skills. 

Monday, June 17, 2019

News from Atlantic Brewing Company


Atlantic Brewing Company of Bar Harbor is pleased to announce the promotion of Alexander Maffucci to corporate president. Mr. Maffucci has been with Atlantic Brewing for nearly a decade, currently as Director of Operations since 2017. Mr. Maffucci holds a degree in policy economics from the University of New Hampshire and worked at Adams State University prior to coming to Atlantic Brewing in a managerial position.

For More Information:


About Atlantic Brewing Company:
The Atlantic Brewing Company began brewing in 1990 inside the Lompoc Cafe in one barrel batches. As demand grew we moved to Town Hill and began brewing on a 15 barrel system. Producing local favorites like Real Ale and Coal Porter, Atlantic has been a staple in downeast for over 20 years. Now with two locations in Bar Harbor, we strive to produce quality craft beers using Maine grown ingredients.

Monday, June 10, 2019

Welcome to New Chamber Member, Southwest Harbor Congregational Church


Please join me in welcoming our newest Chamber Member, Southwest Harbor Congregational Church. 

The Church's Mission says that "We are a congregation that endeavors to "Love God" meaning loving the Lord our God with all our heart, mind, soul, and strength; "Love Each Other" meaning loving each other as much as we love ourselves; and "Love the World" meaning loving the lost enough to share the Gospel in order to make disciples of all people."


WORSHIP SCHEDULE
Worship Service                 10:30 AM Sunday
Adult Sunday School           9:00 AM Sunday
Children's Sunday School   9:00 AM Sunday

The SWH Congregational Church has a long and interesting history. You can learn more about the church by visiting their web site at: https://www.swhcc.com/ Or stop by a service and meet the congregation.

Julie Pelletier, RN Nominated for Caregiver of the Year


Mount Desert Island Hospital Nurse Julie Pelletier, RN has been nominated for Maine Hospital Association’s Caregiver of the Year Award. As a Cancer Patient Navigator and Palliative Care Nurse, Julie cares for patients and their families dealing with cancer diagnoses and serious illness, providing hope, support and optimism during what can be an extremely difficult time. Her patients find that Julie’s strength and sunny disposition—often reflected in her wardrobe with a well-placed pop of color or pleasing print—instantly sets them at ease.
Julie was inspired to become a nurse after she experienced complications during her pregnancy with her daughter. She was put on bed rest and spent significant time in the hospital. “It really opened my eyes,” she says. “I was just so blown away by the labor and delivery nurses—even when you don’t know what you need, they know what you need.”
Today, she is a dedicated nurse with 14 years’ experience in advanced critical care and life support, intensive care, post-anesthesia care, pediatric care, infusion therapy, long-term care, skilled nursing care, palliative care and cancer patient navigation.
While patients tell her they find comfort in her strength, it is theirs that impresses her. “It takes a lot of courage to let me in and I’m so grateful for that opportunity,” she says. “It is extremely rewarding and humbling to be a part of my patients’ lives.”
Julie is a consummate team player who is always willing to go above and beyond or stay late to help a patient or a fellow staff member, say her colleagues. She was also instrumental in launching MDI Hospital’s Cancer Patient Navigator program in 2018, made possible by a grant from the Maine Cancer Foundation. The program, led by Julie and fellow navigator Heather Sinclair, LSW, provides an extra tier of support for those dealing with cancer diagnoses by addressing their physical, social and emotional needs. “Julie is caring, attentive and compassionate; she respects each individual’s right to choose how they want their medical care. She is innovative, which is often needed in our rural area which can present unique challenges. Her compassion is evident in every encounter she has with patients,” says Heather. “She works with providers within our hospital system and beyond to make sure that the circle of care is complete and that nothing is left unaddressed.”
Julie’s commitment to patient care is unparalleled, says Vanessa Little, DO, palliative care physician. “One day there was a patient dying in the hospital, comfort measures were in place and he knew he was dying. His family was unable to come and Julie sat with him, grabbed his favorite book off of his hospital tray and began reading aloud to him.”
Listening to her patients and advocating for them is something that comes naturally to Julie says Megan Tibbetts, Integrated Care Team Assistant. “Julie takes as much time as needed to fully listen to her patients and their families express their physical, emotional, and practical needs. She asks clarifying, thoughtful questions of her patients to better understand what is most important to them, and what barriers they may be facing.”
The winner of the 2019 Caregiver of the Year Award is set to be announced Wednesday, June 19 at the Maine Hospital Association’s 2019 Summer Forum Conference at the Samoset Resort in Rockport.