November 28, 2012
Bar Harbor Bankshares CEO steps down
Joseph Murphy, president and CEO of Bar Harbor Bankshares, will step down after over a decade leading the company that owns the 15-branch Bar Harbor Bank & Trust.
The bank announced the move in a press release Tuesday that indicated Murphy will retire from the company in June 2013 but is expected to continue to serve on the company's board of directors.
In August, the company acquired the Augusta-based Border Trust and in October reported that it had a record third quarter and year, with net income for the first nine months of the year coming in 11.4% above the first nine months of 2011.
The company has formed a succession committee and is evaluating internal and external candidates for Murphy's replacement.
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