Bar Harbor Bank & Trust


Overview / Commentary
207-288-3314
82 Main Street
Bar Harbor, ME 04609

Bar Harbor Bank & Trust is headquartered in Bar Harbor and is the 3rd largest bank in the state of Maine. It is also the 285th largest bank in the nation. It was established in 1887 and as of March of 2019, it had grown to 446 employees at 49 locations. Bar Harbor Bank & Trust has an A health rating.

Reviews (2)

Great local bank, poor mobile support

My entire family has been banking with Bar Harbor Bank & Trust for the last 8 years. Their customer service is absolutely phenomenal! They employee local residents who know the area and our family. These local connections were extremely useful as we never hesitated to call if there was a problem. However, their mobile application was basically useless. it was basically impossible to do any mobile deposits and it wasn't good at saying what the issue was. There were no fees for the checking account that I used which I greatly appreciated since I used this bank during high school when I didn't have much money in it at any one time. Their products were pretty similar to other banks around but their customer service was so top notch that I chose to keep this bank even when I moved out of state for college.

Good electronic alternative to brick and mortar bank

Posted by: Ferreens | Sep 26, 2017

I opened an 'E-Choice' checking with Bar Harbor Bank & Trust. They also do in person banking, but I was living out of state therefore chose the electronic option. Overall it was a pretty good experience. Customer Service was good if you called but there wasn't much guidance online for troubleshooting errors (which is unfortunate since this was an 'E-Choice'). Additionally, the web/mobile apps were pretty underwhelming. They worked, but mobile was difficult to use, especially the mobile deposit, which again made it difficult to want to use their e-checking. This made them not very competitive with other online banks. They did have fairly good interest rates however, I got interest deposits more regularly than any of my other accounts. On the plus side, there was a $6 maintenance fee associated with the account which was easy to avoid, all you needed to do was sign up for e-statements! Throughout all of my experience with banks this was the easiest fee to avoid. Overall a good account but not competitive with other online-only institutions.



Health

Health Grade Components

Overall
FDIC Certificate #11971
Year Established1887
Employees446
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD8.14%
Annual Interest Income$33.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$3.63B$3.51B
LoansQ1 2019vs Q1 2018$2.51B$2.45B
DepositsQ1 2019vs Q1 2018$2.48B$2.35B
Equity CapitalQ1 2019vs Q1 2018$407.3MM$386.4MM
Loan Loss AllowanceQ1 2019vs Q1 2018$14.0MM$12.7MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$15.6MM$19.5MM
Real Estate OwnedQ1 2019vs Q1 2018$2.4MM$216.00K
Rates

Sorry, we do not have rate data for Bar Harbor Bank & Trust.

Locations

Availability



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