Mainebiz

V O L . X X X I N O. V I I I A P R I L 2 1 , 2 0 2 5 18 B A N K I N G / F I N A N C E / I N S U R A N C E "We've been support- ing commercial custom- ers in New Hampshire for a decade," says Hood. "We see this as an opportunity to continue on that mission." Machias Savings takes a measured approach to expansion. "Before we opened our office in Portland, we'd been growing our Portland customer base for a decade — then decided it was time to put boots on the ground," says Hood. "Our brand been well received in New Hampshire. We felt it was time and the talent was available to put resources close to our customer base there." e turnkey office in New Hampshire's largest city, about 90 minutes from Machias Savings' Portland office, made it a strategic location as a business-focused branch with a commercial emphasis easily supported from Maine, he says. Further expansion plans? "It took us 10 years to enter Portland and 10 years to enter New Hampshire," Hood says with a laugh. "We're a community bank. So we'll take our time, do this right and continue to evalu- ate from there." L a u r i e S c h r e i b e r , M a i n e b i z s e n i o r w r i t e r , c a n b e r e a c h e d a t l s c h r e i b e r @ m a i n e b i z . b i z The best choice for your business banking just got easier. Daryl Wentworth SVP, Director Middle Market Banking dwentworth@barharbor.bank 207-771-1216 Larry Wold SVP Relationship Manager lwold@barharbor.bank 207-771-1222 We can make it happen. Together. Joe Delano SVP Relationship Manager jdelano@barharbor.bank 207-771-1217 Our Portland-based commercial team can help your business grow. • Loans up to $50 million with flexible terms • Competitive rates tailored to your business needs • Small business and corporate cash management • High-volume transaction tools with leading technology • Personalized service of local banking experts Christopher Rugullies SVP Relationship Manager crugullies@barharbor.bank 207-601-5718 Suzanne Moffatt, AFIM, CRSP SVP Senior Wealth Manager smoffatt@barharbor.bank 207-947-4880 Alicia Napolitano, AAP, NCP, CTP VP Senior Treasury Sales Officer anapolitano@barharbor.bank 207-756-2352 All loans subject to credit approval. Additional terms, fees, and conditions may apply for some products. Bar Harbor Wealth Management is a subsidiary of Bar Harbor Bank & Trust. Investment products are not deposits or obligations of the Bank, are not FDIC insured, are not guaranteed by the Bank and are subject to investment risk, including possible loss of value or principal amount invested. Member FDIC www.barharbor.bank • 888-853-7100 Over 50 locations across northern New England Proud to be named one of Forbes' World's Best Banks again » C O N T I N U E D F RO M P R E V I O U S PA G E F O C U S P H O T O S / C O U R T E S Y O F M A C H I A S S AV I N G S B A N K Machias Savings Bank's first New Hampshire location is on the seventh floor of 900 Elm St. in Manchester. Jay Hood says Machias Savings Bank's first branch in New Hampshire builds on the bank's service to business customers.

• Cover