Contributed by Lubec Historical Society
Description
“The Lubec Trust and Banking Company was chartered in 1907 as a creation of the sardine entrepreneurs to assist their businesses,” according to Edward Lee Marmon’s book “Taking Care of Business Down East: The History of the Bar Harbor Banking and Trust Company 1887-1987,” page 45. “It was never able to fully meet its customers’ financial needs...The Lubec Bank was familiar with Bar Harbor through mutual directors, common shareholders, and local investments. Seldom in robust health, the Depression sent the Lubec Bank into a nosedive in 1930, from which it never recovered...the Lubec sardine bankers were anxious for a White Knight. Most were eager to annoint the familiar Bar Harbor Bank for this purpose...the ebbing fortunes of the Lubec Bank and close business ties with the region persuaded bank officers that the Lubec Bank was a good candidate for acquisition.” Bar Harbor took it over July 1, 1936, moving in the early 1980s to a new building at 74 Washington Street.
About This Item
- Title: Bar Harbor Banking & Trust building, Lubec, 1975
- Creator: Philip "Red" Morrison
- Creation Date: 1975
- Subject Date: 1975
- Location: Lubec, Washington County, ME
- Media: Kodachrome slide
- Dimensions: 2.4 cm x 3.5 cm
- Local Code: 543 jpg
- Object Type: Image
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For more information about this item, contact:
Lubec Historical Society135 Main Street, Lubec, ME 04652
This Item is protected by copyright and/or related rights. No Permission is required to use the low-resolution watermarked image for educational use, or as allowed by the applicable copyright. For all other uses, permission is required.
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