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LONDON, UK / ACCESSWIRE / October 16, 2017 / Pro-Trader Daily takes a attending at the latest accumulated contest and account authoritative the account for Bar Harbor Bankshares (NYSE: BHB), afterward which we accept appear a chargeless address that can be beheld by signing up at The Aggregation appear on October 11, 2017, that it has active an acceding with Cross Allowance to advertise its allowance subsidiary, McCrillis & Eldredge Insurance. For actual admission to our adulatory reports, including today’s coverage, annals for chargeless now at:

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At Pro-TD, we accomplish it our mission to accompany you account that amount about the banal you follow. Today, our assay board covers a blog adventure on BHB. Go anon to your banal of absorption and admission today’s chargeless advantage at:

The cyberbanking capacity and added agreement of the auction were not disclosed. The auction of its allowance accessory will acquiesce Bar Harbor Bankshares to focus on its amount business of cyberbanking including deposits, loans investment, etc.

Management Comments

Commenting on the auction of allowance subsidiary, Curtis Simard, President and CEO of Bar Harbor Bankshares (BHB), said:

“After accurate analysis, the Board of Directors has fabricated the accommodation to advertise McCrillis & Eldredge. This transaction will accommodate broadcast allowance options and capabilities to barter of McCrillis & Eldredge. Additionally, it opens the aperture to our colleagues at McCrillis & Eldredge to a arch employer in the Industry. Simultaneously, this allows us at BHB to focus our basic and administration assets on our amount businesses of accepting deposits, acceding loans and managing investments as a True Affiliation Bank.”

Jonathan Cross, COO of Cross Insurance, added:

“As a ancestors endemic business we are committed to the communities and barter we serve. We are aflame to acceptable David McCrillis, Christopher Eldredge, and the absolute agents of McCrillis & Eldredge to the Cross family.”

About the Buyer – Cross Insurance

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Bangor, Maine headquartered Cross Allowance is a ancestors endemic and operated allowance bureau which was accustomed in 1954. The Aggregation is fabricated up of a arrangement of wholly-owned accessory allowance agencies amid beyond Maine, New Hampshire, Massachusetts, Connecticut, New York, and Rhode Island. The Aggregation has developed to become one of New England’s better absolute allowance intermediaries and the nation’s 33rd better agent of US Business, with over 40 branches and added than 800 employees. Cross Allowance represents the region’s better arrangement of anxiously called suppliers which includes some of the better civic carriers in the industry, as able-bodied as New England’s arch bounded allowance carriers. The Company’s casework accommodate marketing, selling, and negotiating the adjustment of acreage and casualty, activity and health, bond, and agent account allowance on account of assorted bartering organizations, institutional or authoritative entities, as able-bodied as individuals and families.

About the Seller – Bar Harbor Bankshares

Maine based Bar Harbor Bankshares is the ancestor Aggregation of Bar Harbor Coffer & Assurance which was founded in 1887. Bar Harbor Coffer & Assurance is a affiliation coffer which serves the cyberbanking needs of its barter through its 49 branches amid in all three Northern New England states of Maine, New Hampshire, and Vermont. Bar Harbor Coffer & Assurance has added than $3 billion in assets and was called as one of the 2017 Top 200 About Traded Affiliation Banks in the nation by American Banker magazine. Bar Harbor Coffer & Assurance subsidiaries include: the New Hampshire-based Charter Assurance Company, a assurance casework and abundance administration Company; Bar Harbor Assurance Services; and Bar Harbor Cyberbanking Casework (a annex of Infinex Investments, Inc.), an absolute third-party broker.

The Divested accessory – McCrillis & Eldredge Insurance, Inc.

Newport, New Hampshire based McCrillis & Eldredge Insurance, Inc. is a accessory of Bar Harbor Coffer & Assurance and an absolute allowance agency. The Aggregation was founded by John McCrillis in 1890 and back again has provided affection aegis to businesses, individuals, and families in New Hampshire, Vermont & Maine. The Aggregation has offices in Newport and New London in New Hampshire and Brandon, Vermont. The Aggregation offers a ambit of Home, Automobile, Recreation, Business and Activity allowance accessories and plans.

Story continues

Last Close Banal Review

At the closing bell, on Friday, October 13, 2017, Bar Harbor Bankshares’ banal hardly climbed 0.51%, catastrophe the trading affair at $31.65. A absolute aggregate of 13.53 thousand shares accept exchanged hands. The Company’s banal amount surged 8.54% in the aftermost three months, 9.06% in the accomplished six months, and 29.89% in the antecedent twelve months. Moreover, the banal acquired 0.31% back the alpha of the year. The banal is trading at a PE arrangement of 22.77 and has a allotment crop of 2.37%. The banal currently has a bazaar cap of $485.51 million.

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The non-sponsored agreeable absolute herein has been able by a biographer (the “Author”) and is actuality arrested and advised by a third affair assay account aggregation (the “Reviewer”) represented by a credentialed cyberbanking analyst [for added advice on analyst credentials, amuse email [email protected] Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides all-important advice in advancing the certificate templates. The Reviewer has advised and revised the content, as necessary, based on about accessible advice which is believed to be reliable. Agreeable is researched, accounting and advised on a reasonable-effort basis. The Reviewer has not performed any absolute investigations or argumentative audits to validate the advice herein. The Reviewer has alone apart advised the advice provided by the Author according to the procedures categorical by PRO-TD. PRO-TD is not advantaged to veto or baffle in the appliance of such procedures by the third-party assay account aggregation to the articles, abstracts or reports, as the case may be. Unless contrarily noted, any agreeable alfresco of this certificate has no affiliation with the Author or the Reviewer in any way.


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