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March 29, 2024

Three-fer: Bar Harbor Savings and Loan makes one promotion for new president, CEO, treasurer

Bar Harbor Savings and Loan Association has promoted David Cohen to become president, CEO and treasurer.

Cohen, who started his new duties on Feb. 20, was chosen for the role at the institution's annual meeting. He has over 30 years of banking experience, primarily in accounting and operations. 

Courtesy / BHSLA website
David Cohen

“Bar Harbor Savings and Loan has had a reputation for being a small financial institution with a strong commitment to working in and for the community through volunteerism and building relationships with our customers,” said Cohen. “I am excited to continue this vision.”

Cohen joined Bar Harbor Savings in 2019 as senior vice president and treasurer. Prior to that, he worked for 17 years at Bar Harbor Bank & Trust, holding positions as senior vice president and controller and senior vice president of finance.

Before moving to Maine in 2002, he had worked for several years in banking in the Washington, D.C., area. Cohen graduated from the University of Maryland and the Stonier Graduate School of Banking.

Volunteerism and giving back to the community are important to Cohen. He has been an active volunteer with the FOA Acadia Roadside Cleanup, Take Pride in Acadia, Hancock County Relay for Life, Island Connections and American Red Cross blood drives.

Bar Harbor Savings and Loan Association is No. 22 among the largest Maine-based banks, according to the 2024 Mainebiz Book of Lists. That ranking is based on the bank's $101.9 million in assets as of June 30, 2023.

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