Joseph M. Murphy, president and chief executive officer of Bar Harbor Bankshares, has announced that Dean S. Read, president of Bar Harbor Bank and Trust, the principal subsidiary of Bar Harbor Bankshares, has resigned to pursue other professional interests.

Murphy also announced that the company would consolidate the offices of CEO for Bar Harbor Bankshares and Bar Harbor Bank and Trust. The division heads of commercial lending, credit administration and retail banking will now report directly to Murphy. “Over the last five years, Mr. Read has made significant contributions to the bank which have lead to many of the improvements and successes we enjoy today,” Murphy said. “We wish him well in his new endeavors.” The Bar Harbor bank, founded in 1887, has 11 branch locations in the downeast and midcoast areas.