Curtis C. Simard has been at the helm of Bar Harbor Bankshares since August 2013, guiding the company as President and CEO. With a background in finance, Simard has leveraged his experience from TD Bank, where he was a senior...

Curtis C. Simard has been at the helm of Bar Harbor Bankshares since August 2013, guiding the company as President and CEO. With a background in finance, Simard has leveraged his experience from TD Bank, where he was a senior vice president, to develop successful banking strategies at Bar Harbor. He earned a bachelor’s degree in Business Administration and is known for his hands-on approach to leadership. Simard's compensation reflects his role and performance; in 2021, his total pay was over $1.18 million. Notably, his bonus was tied to specific performance metrics like adjusted net income and efficiency ratios, highlighting a pay-for-performance philosophy that aligns with shareholder interests. Since starting, Simard has completed various strategic initiatives, positioning the bank for growth in New England and beyond. He's also a member of the Board of Directors, giving him a broad influence over the company's direction. Simard’s leadership is characterized by a focus on building strong commercial banking strategies and a commitment to enhancing asset quality.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Bar Harbor Bankshares CEOs

B

Curtis C. Simard

CEO of Bar Harbor Bankshares

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

June 10, 1971 - 53 years ago

CEO of Bar Harbor Bankshares for

11 years 9 months (Aug 2013 - Present)

Previous Experience

Senior Vice President and Managing Director of Corporate Banking for TD Bank.

Rivals

Competitors/colleagues of Curtis C. Simard

N

Michael E. Daniels

Founder and CEO of Nicolet Bankshares

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$20.00K

Total Holdings

$35.81M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

P

David L. Trautman

CEO of Park National

2023 Compensation

Stock

$552.75K

Salary

$750.00K

Bonus

$364.00K

Other

$103.40K

Total Holdings

$12.21M

F

Gary R. Mills

CEO of First Community Bankshares

2020 Compensation

Stock

$155.97K

Salary

$567.00K

Bonus

$265.78K

Other

$81.92K

Total Holdings

$1.58M

Holdings

See how much did Curtis C. Simard make over time.

Curtis Simard has made some strategic financial moves at Bar Harbor Bankshares. Since he took over as CEO in August 2013, there have been fluctuations in the company's stock value, reflecting both market conditions and the bank's performance. At various...

Curtis Simard has made some strategic financial moves at Bar Harbor Bankshares. Since he took over as CEO in August 2013, there have been fluctuations in the company's stock value, reflecting both market conditions and the bank's performance. At various points, a significant portion of his wealth has been tied to the bank's shares. For example, in 2018, his total compensation included around $275,000 in vested stock, indicating a strong alignment with shareholder interests. Currently, Simard holds a substantial stake in the company, contributing to his overall wealth. This connection to the stock has provided him with both risk and reward, as his financial well-being is linked to the company's success. Investors keep a close watch on his stock holdings and their fluctuations, which serve as a barometer for Bar Harbor Bankshares' performance in a competitive banking environment.

Insider Trading

See recent insider trades of Curtis C. Simard.

BHB

$6.80K

BHB at $12.37/share

Dec 31, 2024

Received

BHB

$25.05K

BHB at $34.29/share

Dec 13, 2024

Received

BHB

$24.81K

BHB at $31.05/share

Sep 13, 2024

Received

BHB

$9.89K

BHB at $24.73/share

Jul 8, 2024

Received

BHB

$24.52K

BHB at $25.21/share

Jun 14, 2024

Purchase

BHB

12,347 shares

BHB

Apr 23, 2024

Received

BHB

$18.83K

BHB at $24.80/share

Mar 19, 2024

Purchase

BHB

7,525 shares

BHB

Feb 13, 2024

Received

BHB

$74.28K

BHB at $27.76/share

Dec 31, 2023

Purchase

BHB

$20.36K

BHB at $25.46/share

Dec 31, 2023

Received

Compensation History

See how much did Curtis C. Simard make over time.

Curtis C. Simard's compensation at Bar Harbor Bankshares has shown significant growth since he became CEO. In 2021, he earned a total of $1,180,725, including a base salary of $674,700 and a performance-based bonus of $506,025. These figures demonstrate a clear focus on aligning his pay with the bank's success. His bonus structure is heavily influenced by the bank's performance metrics, such as adjusted net income, emphasizing a pay-for-performance approach. Over the years, his total compensation has consistently linked his earnings to both his individual performance and the overall health of the bank. For example, in 2018, his compensation peaked at over $1.2 million, showcasing the outcomes of his strategies over several years. This model of compensation not only motivates Simard but also ties his financial success to the prosperity of Bar Harbor Bankshares and its shareholders.

Year

2021

Total Compensation

$1.22M

Salary

$674.70K

Board Justification

Our compensation philosophy is to pay for performance, linking a significant portion of total compensation to our achievement of performance goals and allowing us to vary pay to reflect performance.

Bonus

$506.03K

Board Justification

Awarded annually, subject to Board-approved formulas for company-wide, group-specific performance measures, and individual performance measures.

Other

$42.25K

Board Justification

Includes employer 401(k) contributions, membership dues, housing allowance, automobile allowance, and imputed life insurance.

Restricted Stock

$0.00(0 N/A)

Board Justification

N/A

Performance Metrics

Adjusted Net Income, asset quality measure (Non-Performing Loans as a Percentage of Total Loans), Efficiency Ratio, and successful completion of strategic initiatives.

Other Bar Harbor Bankshares CEOs

Here are other CEOs of Bar Harbor Bankshares

Joseph M. Murphy

Ex-CEO of Bar Harbor Bankshares

November 2012 - August 2013