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W W W. M A I N E B I Z . B I Z 11 O C T O B E R 2 9 , 2 0 1 8 Street work disrupts downtown Bangor Work to replace Civil War-era sewer, water and storm water pipes that has been disrupting the commercial area of downtown Bangor is nearing completion. e Bangor Daily News reported that the work, around two of the area's busiest intersections, is almost ready to wrap up. e work began last October and has narrowed streets, limited parking and posed detours, delays and bumpy roads. No further major projects are planned. "We're going to give the downtown a little time to catch its breath," city engi- neer John eriault told the newspaper. Madawaska Kmart to close by year's end A Kmart store in Madawaska is among 142 unprofitable stores nationwide due to be closed by Sears Holdings Corp. (NASDAQ: SLHD), the Hoffmann, Ill.-based retailer that plans to reorganize its finances under Chapter 11 bankruptcy protection. e store, at 417 Main St., was the only one in Maine on the latest closure list and among only two in New England, along with a Sears in Natick, Mass. It is expected to close by year's end. N O T E W O R T H Y N O R T H E R N & E A S T E R N Northern Light Health in Brewer said it is partnering with TeamHealth, a physician services organization based in Knoxville, Tenn., to provide emer- gency and hospital medicine services to maximize operational efficiency and to continue to consistently provide pa- tients with compassionate care of the highest quality. Access the lists today! Download the 2018 Book of Lists! Order now at mainebiz.biz/lists S P O N S O R E D B Y 0U[LNYP[`0UKLWLUKLUJL0U[LSSPNLU[0U]LZ[PUN P H O T O / J O H N K . P U T N A M , W W W. J K P U T N A M P H O T O G R A P H Y. C O M $19.95 December 25, 2017 VO L . X X I I I N O. X X X www.mainebiz.biz SP ONSORED BY ¡ New lists for 2018 ¡ Exclusive access to extended lists ¡ Excel format lets you easily sort, merge and import data 0U[LNYP[`0UKLWLUKLUJL0U[LSSPNLU[0U]LZ[PUN Bar Harbor B&T dips its toe in Portland market B y P e t e r V a n A l l e n T wo former NBT Bank executives, Daryl Wentworth and Joe Delano, have joined Bar Harbor Bank & Trust and will work out of the planned commercial loan office in Portland. This will be the Bar Harbor-based bank's first brick-and- mortar site in Cumberland County. A wholly owned subsidiary of Bar Harbor Bankshares (NYSE American: BHB), Bar Harbor Bank & Trust operates 49 branches in Maine, New Hampshire and Vermont. It is the only Maine-based bank with a presence in all three states. The bank is headquartered in Bar Harbor and has assets of over $3.5 billion, making it the third-largest Maine-based bank. Two years ago, it acquired Lake Sunapee Bank of New Hampshire. Any banker will tell you Cumberland County market is already well-served on the retail-banking side, with 121 branch offices and $9.29 billion in deposits, according to Federal Deposit Insurance Corp. data through June 30. Three banks control 55% of the market (see sidebar). Bark Harbor Bank & Trust's commercial loan office will give it a foothold in the commercial lending market in southern Maine without getting into the rough-and-tumble retail marketplace. Topsham is Bar Harbor's closest retail branch to Portland. "This is part of our continued strategy of targeted expansion while advancing market share to include relationship-based ancillary product sales. As a result, treasury and derivative sales as well as wealth management offerings will be included," President and CEO Curtis Simard said in a press release. The Portland office will be led by Wentworth, who most recently served as a regional commercial banking manager at NBT in Portland. Previously, he worked for KeyBank, State Street Bank and Citizens Bank. Delano was a senior com- mercial relationship manager for NBT's Portland office. Business loans made online, in a day Camden National Bank launched BusinessTouch, an online loan application system that promises to speed up the bor- rowing process for businesses. The system provides instant decisions on loans of up to $75,000 and lines of credit of up to $25,000. Once the loan is approved, the customer works with a business lender at the bank to fund the loan, a step that can be accomplished in as little as one business day. The bank claims it is the first to offer such a service. It has a related service, MortgageTouch, which speeds the mortgage application process to as little as 15 minutes. "BusinessTouch and MortgageTouch are investments we're making in our digital platform to serve the needs of small businesses and individuals," Greg Dufour, president and CEO, said in announcing the recent product. "These product introductions are the result of developing relation- ships with strong FinTech partners who understand the unique capabilities of a community bank." Camden National (NASDAQ: CAC) is the largest bank based in Maine, with $4.2 billion in assets and 60 branches. B I Z M O N E Y CUMBERLAND COUNTY BANK MARKET SHARE S O U R C E : Federal Deposit Insurance Corp. N O R T H E R N & E A S T E R N TD Bank Bank of America KeyBank People's United Gorham Savings Bangor Savings Bank Norway Savings Camden National Androscoggin Savings Bath Savings Saco & Biddeford Savings Northeast Bank Mechanic's Savings Biddeford Savings Katahdin Trust Machias Savings NBT 17 branches / 20.86% 12 branches / 19.19% 15 branches / 15.53% 9 branches / 5.74% 12 branches / 8.79% 9 branches / 6.87% 16 branches / 6.44% 5 branches / 4% 4 branches / 3.42% 8 branches / 3.3% 4 branches / >2% 3 branches / >2% 2 branches / >2% 1 branch / >1% 1 branch / >1% 1 branch / >1% 1 branch / >1%

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