06:32 AM EDT, 03/12/2025 (MT Newswires) -- Bar Harbor Bankshares ( BHB ) has agreed to acquire Guaranty Bancorp in an all-stock deal valued at about $41.6 million, or $56.94 per share, the companies said late Tuesday.

Each outstanding Guaranty common share will be exchanged for 1.85 Bar Harbor shares under the terms of the deal.

Upon the deal's closing, expected in H2, the merged entity will operate under the Bar Harbor Bank & Trust name. Bar Harbor shareholders will own about 92% of the combined company's stock, with Guaranty shareholders accounting for the rest, the companies said.

Bar Harbor expects the deal to be about 30% accretive to its per-share earnings, excluding the impact of one-time transaction costs.

The company's shares were up 3% in recent Wednesday premarket activity.