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Bar Harbor Bank & Trust briefs Winter Harbor on town investment portfolio
Summary
At the Sept. 8 meeting, Bar Harbor Bank & Trust representatives provided an informational briefing on the town's investment account; a public commenter requested copies of the bank materials.
Representatives from Bar Harbor Bank & Trust gave Winter Harbor selectmen an informational update on the town’s investment portfolio during the Sept. 8, 2025 meeting.
Bank representatives J. Testa and J. Pratt presented information about the town’s investment account and portfolio performance. The presentation was informational; the minutes do not record any formal action or vote tied to the presentation.
A resident, S. Fortin, asked during public comment for a copy of the documents the bank provided. The minutes record the request but do not indicate whether copies were provided to the public or will be posted.
The minutes list investment figures alongside the treasurer’s report: an investment/bond market value of $3,522,980.90 on June 30, 2025 and $2,977,111.23 on July 31, 2025. No additional performance metrics, fee schedules, or recommended changes to the portfolio appear in the minutes.
