Aankondiging • Aug 01

Bar Harbor Bankshares (NYSEAM:BHB) completed the acquisition of Guaranty Bancorp, Inc. (OTCPK:GUAA).

Bar Harbor Bankshares (NYSEAM:BHB) entered into an agreement and plan of merger to acquire Guaranty Bancorp, Inc. (OTCPK:GUAA) for $39.9 million on March 11, 2025. Upon the terms and subject to the conditions of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of common stock, par value $0.20 per share, of Guaranty (the “Guaranty Common Stock”) outstanding immediately prior to the Effective Time shall be converted into the right to receive 1.85 shares (the “Exchange Ratio”) of common stock, par value $2.00 per share, of Bar Harbor (the “Bar Harbor Common Stock”). Holders of Guaranty Common Stock will receive cash in lieu of fractional shares of Bar Harbor Common Stock. The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Bar Harbor and Guaranty will merge (the “Merger”), with Bar Harbor as the surviving corporation in the Merger. Immediately following the Merger, Bar Harbor Bank & Trust, a Maine chartered bank and a wholly-owned subsidiary of Bar Harbor (“Bar Harbor Bank”), and Woodsville Guaranty Savings Bank, a New Hampshire chartered bank and a wholly-owned subsidiary of Guaranty, will merge (the “Bank Merger”), with Bar Harbor Bank as the surviving bank in the Bank Merger. Upon closing, Bar Harbor shareholders will own approximately 92% of the combined company's stock, while Guaranty shareholders will own approximately 8%. he combined entity is expected to have approximately $4.8 billion in assets, $3.9 billion in deposits, and $3.2 billion in Assets Under Administration (AUA), solidifying its position as a leading financial services provider in Northern New England. In the event that this Agreement is terminated by the Company or by Buyer, the Company shall pay to Buyer a Termination Fee in an amount equal to $1,700,000. At the Effective Time, it is expected that James E. Graham, the current President and Chief Executive Officer of Guaranty, will be appointed to the respective Boards of Directors of Bar Harbor and Bar Harbor Bank. The completion of the Merger is subject to customary conditions, including (i) approval of the Merger Agreement by Guaranty shareholders, (ii) receipt of required regulatory approvals, including the approval or waiver of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Maine Bureau of Financial Institutions and the New Hampshire Department of Banking, without the imposition of any condition or restriction that would reasonably be expected to have a material adverse effect on the future operation by Bar Harbor and its subsidiaries of their business, taken as a whole, after giving effect to the Merger and the Bank Merger, (iii) the absence of any order, decree, injunction or other legal restraint enjoining, prohibiting or materially restricting the completion of the Merger, the Bank Merger or any of the other transactions contemplated by the Merger Agreement or making the completion of the Merger, the Bank Merger or any of the other transactions contemplated by the Merger Agreement illegal, (iv) effectiveness of the registration statement on Form S-4 for the Bar Harbor Common Stock, no stop order suspending the effectiveness of the registration statement, and no proceedings for that purpose initiated or threatened by the Securities and Exchange Commission (“SEC”) or any other governmental authority, and (v) authorization for listing on the NYSE American of the shares of Bar Harbor Common Stock to be issued in the Merger. Each party’s obligation to complete the Merger is also subject to certain additional customary conditions, including (a) subject to certain exceptions, the accuracy of the representations and warranties of the other party, (b) performance in all material respects by the other party of its obligations under the Merger Agreement, and (c) receipt by such party of an opinion from its counsel to the effect that the Merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended. The definitive agreement has been approved by the unanimous votes of the Boards of Directors of both companies. The merger is targeted to be completed in the second half of 2025. On June 17, 2025, Announces Shareholder Approval of Guaranty Bancorp and expected to be completed during summer 2025. As of July 10, 2025, Bar Harbor Bankshares had received all of the regulatory approvals necessary to complete its acquisition of Guaranty Bancorp, Inc. and that the Merger is expected to close on or around July 31, 2025. Piper Sandler & Co. served as the financial advisor to Bar Harbor, and Griffin Financial Group LLC served as the financial advisor, pay fee of $0.025 million and fairness opinion provider pay fee of $0.15 million to Guaranty. Edward G. Olifer, Stephen F. Donahoe, Suzanne A. Walker and Eric S. Kracov of Kilpatrick Townsend & Stockton LLP served as legal advisors to Bar Harbor, while Samantha M. Kirby, Natascha S. George, L. Morgan Frisoli and William McCurdy of Goodwin Procter LLP served as legal advisors to Guaranty. Broadridge Financial Solutions, Inc. (NYSE:BR) acted as transfer agent to Bar Harbor Bankshares. Bar Harbor Bankshares (NYSEAM:BHB) completed the acquisition of Guaranty Bancorp, Inc. (OTCPK:GUAA) on July 31, 2025. The combined institution has total assets of approximately $4.8 billion and 62 branches in Maine, New Hampshire and Vermont.

Percentage CEO-salaris	n/a
Dienstverband CEO	no data
Eigendom CEO	n/a
Management gemiddelde ambtstermijn	geen gegevens
Gemiddelde ambtstermijn bestuur	4.1yrs

Naam	Positie	Tenure	Compensatie	Eigendom
James Graham	President	no data	geen gegevens	geen gegevens
Francis Crane	Secretary & Director	5.3yrs	geen gegevens	geen gegevens
Edward Hennessey	Director	no data	geen gegevens	geen gegevens
Daniel Stannard	Director	less than a year	geen gegevens	geen gegevens
Charles Butson	Chairman of the Board	5.3yrs	geen gegevens	geen gegevens
Andrew Smith	Director	no data	geen gegevens	geen gegevens
Harold Graham	Honorary Director	no data	geen gegevens	geen gegevens
Carrie Gendreau	Director	7.3yrs	geen gegevens	geen gegevens
Erin Hennessey	Director	2.9yrs	geen gegevens	geen gegevens
Kendra Bell	Director	2.1yrs	geen gegevens	geen gegevens

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2023/05/28 15:29
Aandelenkoers aan het einde van de dag	2023/02/28 00:00
Inkomsten	N/A
Jaarlijkse inkomsten	N/A

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

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Bar Harbor Bankshares (NYSEAM:BHB) completed the acquisition of Guaranty Bancorp, Inc. (OTCPK:GUAA).

Bar Harbor Bankshares (NYSEAM:BHB) entered into an agreement and plan of merger to acquire Guaranty Bancorp, Inc. (OTCPK:GUAA) for $39.9 million.

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