BAR HARBOR BANK & TRUST RECOGNIZED AS ONE OF ‘AMERICA’S BEST REGIONAL BANKS AND CREDIT UNIONS’
Bar Harbor Bankshares (NYSE American: BHB), the parent company of Bar Harbor Bank & Trust, has been recognized by Newsweek for the second consecutive year as one of “America’s Best Regional Banks and Credit Unions.” The recognition follows an evaluation of over 9,000 financial institutions, considering factors like financial health, performance, stability and customer feedback.
Curtis C. Simard, President and CEO, expressed pride in the honor, emphasizing the importance of a strong business foundation to serve customers effectively. Bar Harbor Bank & Trust, founded in 1887, combines innovative digital services like mobile banking with a personal, relationship-driven approach, maintaining over 50 branches across Maine, New Hampshire, and Vermont.
The Bank has also been included as one of Forbes’ “World’s Best Banks” for two years and Newsweek’s “America’s Best Banks” in 2022. The Bank’s attributes its success to its dedicated employees and customer-focused services like financial planning, home financing, business lending and wealth management.
The recognition from Newsweek, conducted in collaboration with Plant-A Insights Group, highlights banks excelling in profitability, creditworthiness, and customer satisfaction, with Bar Harbor Bank & Trust ranking among the best in its category.
CONNECTION NAMED ONE OF FORBES AMERICA’S BEST EMPLOYERS
Connection (NASDAQ: CNXN) — an IT solutions provider to business, government, health care and education markets — has been named to the Forbes America’s Best Midsize Employers list for the third consecutive year. Based on workforce survey responses, the ranking identifies companies that have distinguished themselves for their ability to keep employees happy and engaged.
President and CEO of Connection Tim McGrath said, “Creating a work environment where employees feel empowered is essential to our success. It’s an honor to be recognized for the culture our company has built and for the contributions that each and every co-worker brings to the organization. We will continue to invest in our workforce, empower innovation and set the standard for excellence in our industry.”
The ranking is based on independent survey responses from over 217,000 U.S. employees working at companies with a national workforce of at least 1,000 people. The survey evaluates employees’ personal and public assessments on key dimensions, including atmosphere and development, salary and wage, company image, diversity, working conditions and workplace environment.
ALBANY INTERNATIONAL TO CONSOLIDATE MANUFACTURING CAPACITY IN ITALY
Albany International Italia Srl, an affiliate of Albany International Corp. (NYSE: AIN), announced that it will initiate consultations with employee representatives regarding the decision to discontinue manufacturing operations at a leased facility in Ballo, Italy, and to transfer production to a facility in Merone, Italy, owned by Industrie Tessili Bresciane Srl, a separate affiliate of Albany International Corp. The action is subject to local law and will be implemented in accordance with such law after consultation with the employees’ representative body.
This action will enable Albany to rationalize costs while aligning its engineered fabrics manufacturing capacity with local market demand and the needs of customers. Impacted employees will be offered transfer opportunities, or separation and outplacement assistance.
In a press release, the company shared it remains committed to the local industries it serves and will continue to provide customers with strong expertise in product application, sales and marketing, and service through the current teams located in Italy, who will not be impacted by this action.
Albany International Corp. is headquartered in Rochester, NH, operates 30 facilities in 13 countries and employs approximately 5,400 people worldwide.
