Bar Harbor Bank & Trust Pledges $40,000 to Support Endowed Scholarship Fund and Athletic Programs at Colby-Sawyer College

New London, New Hampshire (August 27, 2024) - Bar Harbor Bank & Trust has made two multi-year pledges totaling $40,000 to Colby-Sawyer College in support of an academic scholarship for students in need of financial assistance and as a corporate sponsor of the Colby-Sawyer Chargers athletics program.

The first pledge will direct funds to the Bar Harbor Bank & Trust Scholarship Fund at Colby-Sawyer College over the course of three years. Income from the scholarship fund, which is managed by the college, is withdrawn annually and awarded to a student living in the Bank's footprint in New Hampshire who has demonstrated a need for financial assistance in order to pursue a degree. The second pledge is a five-year commitment to support the college's athletics program.

"Colby-Sawyer College has an excellent track record of preparing their students not only for rewarding, professional careers but also to be well-rounded individuals capable of making positive changes in the world," said Curtis C. Simard, President and CEO at Bar Harbor Bank & Trust. "Bar Harbor Bank & Trust is pleased to continue our long-standing partnership with Colby-Sawyer and support the incredible work they are doing to enrich the lives of their students."

Founded in 1837, Colby-Sawyer College is a liberal arts and science college located in the Lake Sunapee Region of central New Hampshire. The college features three academic schools and offers nearly 50 programs of academic study. Every student participates in one or more internships to gain vital pre-professional experience in their fields of study. In addition to academics, Colby-Sawyer College offers a robust athletics program consisting of intercollegiate, club, intramural, and recreational sports. The college competes as an NCAA Division III institution with seven men's and nine women's sports teams.

"The support we have received through the years from Bar Harbor Bank & Trust has been instrumental in giving students from this region access to a meaningful and enriching college experience," said Dan Parish, Vice President of College Advancement at Colby-Sawyer College. "The partnership and the continuing commitment to both academic and athletic programs is tremendous."

Visit www.colby-sawyer.edu to learn more about Colby-Sawyer College.

Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Operating over 50 locations across Maine, New Hampshire and Vermont, Bar Harbor Bank & Trust is headquartered in Bar Harbor, Maine and has more than $4 billion in assets. As a leading Northern New England community bank, Bar Harbor Bank & Trust offers a full range of personal and business banking services, as well as wealth management services through its subsidiary, Bar Harbor Wealth Management. For more information about Bar Harbor Bank & Trust, visit www.barharbor.bank or call 888-853-7100. Member FDIC.

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Bar Harbor Bank & Trust presents a donation to Colby-Sawyer College. Pictured from left to right: Jack Frost, VP Director of Community Giving at Bar Harbor Bank & Trust; Katherine Paine, AVP Branch Relationship Manager at Bar Harbor Bank & Trust; Marie Pelletier, VP Regional Relationship Manager at Bar Harbor Bank & Trust; Charles Seugling, SVP Regional Market Manager at Bar Harbor Bank & Trust; Jeanette McKillop, Director of Athletics at Colby-Sawyer College; Elizabeth Camp, Director of Development at Colby-Sawyer College; and Dan Parish, VP for College Advancement at Colby-Sawyer College.