Issue link: https://nebusinessmedia.uberflip.com/i/810825
W W W. M A I N E B I Z . B I Z 27 A P R I L 1 7 , 2 0 1 7 F O C U S B A N K I N G / F I N A N C E one of the reasons they [Bar Harbor] ultimately hired me for the position was the likelihood that I could prob- ably make that happen." Its holding company, Bar Harbor Bankshares (NYSE: BHB), is the third- largest Maine-based banking company. Simard says he also received a "ton" of unsolicited approaches as soon as he started and still does today. While the priority is now on digesting the acquisition, he admits to looking over his shoulder for unwanted predators: "Yeah, I worry about it," he says. " e best way to remain independent is to be more profi table than anyone ever expected you to be and that's really what we're focused on." at won't be easy given grow- ing pressure on to gain scale through mergers and acquisitions. Already this year, there have been 58 tie-ups between U.S. banks, excluding invest- ment banks, compared to 180 for all of 2016, according to data compiled for Mainebiz by Dealogic. Banking's largest recent deal, seen last year, was KeyCorp's $4.1 billion buy of First Niagara Financial Group Inc., which expanded the Cleveland- based bank's footprint into upstate New York and across Pennsylvania, Massachusetts and Connecticut. feedingmaine.org | 207-782-3554 Congratulations Hannaford Supermarkets, on receiving the 2017 JoAnn Pike Humanitarian Award. Donated beverages: Oakhurst Dairy Pepsi Bo ling Co. Pine State Trading Co. Shipyard Brewing Co. Restaurants: Chef Jame Tranchemontagne, Frog & Turtle Lucas Myers, O'Oyster Chef Chris Basse , SLAB Chef Joe Brennan, The Cumberland Club Chef Samantha Cowens- Gasbarro, Windham/ Raymond Cooking Ma ers Chef David Turin, David's Chef Paul Landry, Fish Bones American Grill Chef Sco Lee, Bandaloop Chefs Alex Bookings and Bill Zopher, b.good Chef Jus n Walker, Earth Chef Bo Byrne, TIQA " Hannaford has been our partner from the beginning. It's safe to say, the Food Bank wouldn't be here today without Hannaford." — Kristen Miale President of Good Shepherd Food Bank Good Shepherd Food Bank gratefully acknowledges the generous contributions of our dinner sponsors: Hannaford Supermarkets Gorham Savings Bank Clark Insurance Dead River Company Oakhurst Dairy WEX Eaton Peabody Bangor Savings Bank L.L.Bean True North Seafood H.E. Callahan Construc on Co. Pierce Atwood ReVision Energy Schooner Estates Maine Magazine C O N T I N U E D O N F O L L OW I N G PA G E » Recent deals by Maine-based banks FEBRUARY 2017: Kennebunk Savings agrees to sell Kennebunk Investment Services to manage- ment team JANUARY 2017: Bar Harbor Bankshares buys Lake Sunapee Bank Group, of Newport, N.H. DECEMBER 2016: Camden National Bank merges its Acadia Trust, N.A. subsidiary (acquired in 2001) into Camden National Bank, forming Camden National Wealth Management AUGUST 2016: Bangor Savings Bank purchases Buoy Local, a Portland-based gift card company OCTOBER 2015: Camden National Bank acquires Bank of Maine