Bar Harbor Bancshares (BHB) in Maine has chosen a TD Bank (TD) executive as its next leader.

Curtis Simard will become president and CEO of the $1.3 billion-asset company following Joseph Murphy's retirement in August. Murphy, 70, has been CEO since 2002.

Simard, 42, joins Bar Harbor from TD Bank, where he was managing director of corporate banking. He has been with TD and its predecessors since 2002. Earlier, he worked for First New Hampshire Bank.

Bar Harbor "has enjoyed a decade of remarkable success under Joe Murphy's leadership, which has rewarded our shareholders, our customers and our employees," said chairman Peter Dodge in the news release. "We are confident that [Simard] will continue to build on Joe's strong leadership record for the future."

Simard will become president and CEO of Bar Harbor Bank & Trust on June 17 and will assume the same role at the parent company on August 10. Murphy will remain president and chief executive of the parent until August 9, and he will be eligible for election to the board of directors following his retirement, the company said.

Kaplan Associates of Philadelphia assisted Bar Harbor in the CEO search.

Bar Harbor bought Border Trust of Augusta, Maine, last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.