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Bar Harbor Bank to shutter two Upper Valley locations

  • Photographed on May 6, 2016, the Lake Sunapee Bank location on Route 4 in Quechee, Vt., is one of 35 branches in New Hampshire and Vermont sold to Maine-based Bar Harbor Bankshares in a deal valued at $143 million. (Valley News - Geoff Hansen) Copyright Valley News. May not be reprinted or used online without permission. Send requests to permission@vnews.com.

Staff report
Published: 10/17/2019 10:12:05 PM
Modified: 10/17/2019 10:11:54 PM

QUECHEE — Bar Harbor Bank & Trust is closing its Route 4 branch in Quechee and a drive-up window on Sunapee Street in Newport, according to a notice the bank sent Maine financial regulatory authorities.

The branch closings are among five branches in New Hampshire and Vermont that the Maine-based Bar Harbor is closing, including locations in Nashua; West Rutland, Vt.; and Brandon, Vt.

The bank did not cite a reason for the closings, but thousands of bank branch locations across the country have closed in recent years as customers have shifted to online banking and visits to brick-and-mortar branches decline.

Bar Harbor acquired the branches as part of its 2016 merger with the former Lake Sunapee Bank.

Joseph Schmitt, chief marketing officer of Bar Harbor, told the Bangor Daily News that the five branches are expected to close by Dec. 31.

A spokesperson for Bar Harbor did not respond to a message for comment.




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