Bar Harbor Bankshares Expands Presence in New Hampshire through a Merger with Guaranty Bancorp, Inc.
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Bar Harbor Bankshares is set to acquire Guaranty Bancorp, Inc. in an all-stock transaction valued at $41.6 million. Each Guaranty share will be exchanged for 1.85 shares of Bar Harbor.
March 11, 2025 | 9:45 pm
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Bar Harbor Bankshares is acquiring Guaranty Bancorp in a $41.6 million all-stock deal, expanding its presence in New Hampshire.
The acquisition of Guaranty Bancorp by Bar Harbor Bankshares is a strategic move to expand its market presence in New Hampshire. The all-stock transaction suggests confidence in Bar Harbor's stock value and potential synergies from the merger.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Guaranty Bancorp shareholders will receive 1.85 shares of Bar Harbor for each Guaranty share in a $41.6 million merger.
Guaranty Bancorp shareholders benefit from the merger by receiving Bar Harbor shares, which could appreciate post-merger. The deal values Guaranty at $56.94 per share, a potential premium over current market prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100