Bar Harbor Bank & Trust’s Acquisition Of Eight Branches Of People’s United Bank


Simpson Thacher is representing People’s United Bank, N.A. in connection with the sale of eight of its branches to Bar Harbor Bank & Trust with approximately $287 million of deposits, $111 million of loans and $284 million of assets under management.

Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont.

Sandler O’Neill & Partners, L.P. served as the financial advisor to Bar Harbor, and Griffin Financial Group LLC served as the financial advisor to Lake Sunapee. K&L Gates LLP served as outside counsel to Bar Harbor, while Hogan Lovells US LLP served as outside counsel to Lake Sunapee.

The Simpson Thacher team included Lee Meyerson (Picture), Janet Kyung-Ah Yu, Lauren Kim and Rui Xie (M&A); Jeannine McSweeney and Jason Fixelle (ECEB); Jonathan Goldstein and Sarah Katz (Tax); Krista McManus and Dennis Loiacono (Real Estate); and Spencer Sloan (Bank Regulatory).

Involved fees earner: Jason Fixelle – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Sarah Katz – Simpson Thacher & Bartlett; Lauren Kim – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Jeannine McSweeney – Simpson Thacher & Bartlett; Lee Meyerson – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; Rui Xie – Simpson Thacher & Bartlett; Janet Yu – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: People’s United Bank;