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Bar Harbor Bank & Trust portfolio managers brief Selectmen on town investments
Summary
Portfolio managers from Bar Harbor Bank & Trust presented information about Winter Harbor’s investment accounts; the minutes record balances for the town ledger, a 6-month CD and bond holdings and a request from a resident for copies of the bank documents.
Representatives from Bar Harbor Bank and Trust briefed the Winter Harbor Selectmen on the town’s investment portfolio during the Sept. 8 meeting.
The minutes list account balances and investment values presented to the Selectmen: Trio-General Ledger $461,904.18 (balance as of Sept. 5, 2025); a 6-month certificate of deposit for $105,382.87; and bond investment values of $3,522,980.90 (6/30/2025) and $2,977,111.23 (7/31/2025).
The presentation was listed as item 6 on the agenda and attendees included BHBT representatives J. Testa and J. Pratt. During public comment, S. Fortin asked for a copy of the documents the bank provided to the town; the minutes record that request but do not indicate whether copies were distributed.
No formal action (motion or vote) was recorded on the investment presentation itself; the Selectmen approved other routine finance items during the meeting.
