Bar Harbor Bankshares 2024年度报告

2025otice of Annual Meeting ofNShareholders & Proxy Statement20Annual Report42 LETTER FROM THE PRESIDENT AND CEO Dear Bar Harbor Bankshares Shareholders: I invite you to join me, the Board of Directors of Bar Harbor Bankshares (the “Company”), ourSenior Management Team, and your fellow shareholders at our 2025 Annual Meeting ofShareholders (the “Annual Meeting”) to be held at 10:00 a.m. EDT on Thursday, May 15, 2025, atthe Bar Harbor Club located at 111 West Street in Bar Harbor, Maine. Our Notice of AnnualMeeting, Proxy Statement and Proxy Card are enclosed along with the Company’s Annual Reporton Form 10-K for year ended December 31, 2024. A WORLD AND AN INDUSTRY WITH PERPETUAL CHANGE While our industry has seen some level of change throughout history, new challenges haveemerged since 2020. Some have been unprecedented, while others represent new versions oftraditional hurdles that include liquidity, regulation, geopolitical unrest, interest rate volatility, andcompetitive threats to name a few. Despite new and developing challenges in our industry andthroughout the world, our strategic plan has been one focused on consistency while alsocontinuing to evolve the Company. Our high-touch rural services model, multiple earnings levers,and commitment to risk management have enabled us to stay on strategy in 2024. Thecoming years will no doubt present new potential considerations that will require continued focus,discipline, and strong execution. We have assembled the right teams in the right communities allunited through a culture that strives to be a positive earnings outlier throughout Northern NewEngland. With recent combinations in our markets, we also anticipate some level of talent shiftthat has been previously unwilling to seek new opportunity due to life’s uncertainties. Ourreputation and stated interest in growth positions us to continue to selectively attract catalystrecruits. I remain confident that Bar Harbor Bank & Trust, led by an experienced Board of Directorsand a management team with a proven track record, has the right elements to meet varyingenvironments with great confidence and agility. CURTIS C. SIMARDPresident andChief Executive Officer CORPORATE CITIZENS Our Board and Senior Management Team are committed to operating the Company as aresponsible corporate citizen. Like other elements of our business, we have a clear vision of thisdefinition for our Company regardless of how it may change from time to time. We are continuingour work to reduce the environmental impact of our branches and facilities by significantlydecreasing our use of paper and decreasing our travel by continuing to embrace remote meetingcapabilities with customers and colleagues. This is responsible and also helps profitability. Whilewe have made significant progress, we know there is more work to be done, and we willcontinuously update shareholders on our progress. YOUR ATTENTION IS REQUIRED Your vote is important and your prompt attention to these materials is greatly appreciated.Regardless of whether you plan to attend the Annual Meeting in person, we hope you will vote assoon as possible. You may vote by telephone or Internet, or by completing, signing, dating, andreturning the enclosed Proxy Card or Voting Instruction Card if you requested and receivedprinted proxy materials. Shareholders who attend the Annual Meeting may withdraw their proxyand vote at the Annual Meeting if they wish to do so. You may submit Internet, telephone, andemail votes up until 11:59 p.m. EDT on May 14, 2025 for shares held directly and by 11:59 p.m.EDT on May 12, 2025 for shares held in the Company’s 401(k) Plan. Please have your proxy cardin hand when utilizing these alternate forms of voting. On behalf of your Board of Directors, we thank you for trusting us to oversee your investment inthe Company. Sincerely, CURTIS C. SIMARDPresident and CEO About Us We foster sustainable communities through responsiblefinancial commitments. As a community bank, we recognize that we and our investors are successful when our customersprosper. We make significant investments in technology, our people, and branches. Our more than50 branches are staffed by friendly, knowledgeable bankers who are driven by their desire to help theircustomers achieve their goals. Information provided as of December 31, 2024 To learn more about our Environmental, Social and Governance practices, pleasevisit our dedicated webpage at: www.barharbor.bank/about-us/esg or scan theQR code provided. The information on our website, including the informationregardingour Environmental,Social and Governance practices,is notincorporated by reference or otherwise made a part of this proxy statement. Notice of Annual Meeting ofShareholders ITEMS OF BUSINESS: This 2025 annual meeting of shareholders or any adjournments or postponements thereof (the “Annual Meeting”) of Bar HarborBankshares (the “Company”) is being held for the following purposes: To transact such other