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SUPERINTENDENT'S NOTICE TO INTERESTED PARTIES

 

            This is to inform you that we have received an application, pursuant to Title 9-B, M.R.S. Chapters 35 and 101, for Lake Sunapee Bank Group, Newport, New Hampshire (“LSBG”) to merge with and into Bar Harbor Bankshares, Bar Harbor, Maine (“BHB”) and for Lake Sunapee Bank, fsb, Newport, New Hampshire, a wholly-owned subsidiary of LSBG, to merge with and into Bar Harbor Bank & Trust, Bar Harbor, Maine, a wholly-owned subsidiary of BHB.  After the merger, Bar Harbor Bank & Trust will operate 35 branches in New Hampshire and Vermont in addition to its 15 branches in Maine.   

 

            You may submit written comments on this application to the Bureau of Financial Institutions, 36 State House Station, Augusta, Maine 04333-0036 or electronically through the Bureau of Financial Institutions’ website at http://www.maine.gov/pfr/financialinstitutions/index.shtml.  A hearing on this application will be held by the Superintendent of Financial Institutions, as provided in Title 9-B M.R.S. Section 252, upon receipt of a bona fide and reasonable request.  The Bureau will accept written comments and requests for a hearing through Sunday, August 28, 2016.  The Superintendent's decision on this application will be based on the decision-making criteria set forth in Title 9-B M.R.S. Section 253.

 

Lloyd P. LaFountain III

Superintendent

Gardiner, Maine

July 29, 2016

 

 

 

Last Updated: July 29, 2016