Union Farm Equipment named top dealer

UNION — Woods Equipment Company, Oregon, Ill. announces that Union Farm Equipment has been named one of their Top 20 Dealers for fiscal year 2010. Union Farm Equipment has consistently been in the top 100 Woods dealers since 1999 and has been one of the top 20 Woods dealers five times since 2005. Being in the top 100 dealers qualifies Union Farm Equipment for larger discounts than many of the other dealers. Union Farm Equipment is passing these savings on to their customers.

Union Farm Equipment handles the full line of Woods tractor implements including backhoes, loaders, rotary cutters, grooming mowers, rotary tillers, landscape rakes, rear blades, pallet forks and snowblowers. All of these items are competitively priced and will fit most brands of tractors. All Woods products carry a one-year or longer warranty.

Gartley interns at Allen Insurance and Financial

CAMDEN – Bates College junior Taylor Gartley of Rockport, a graduate of Camden Hills Regional High School, has been interning this summer at Allen Insurance and Financial.

Gartley, a sociology major, hopes to attend law school after college. He is a wide receiver on the Bates football team and will be joining the Bates basketball team this year. His previous summer work experience includes surveying for Gartley and Dorsky Engineering and Surveying.

“My goal as an intern with Allen Insurance and Financial is to gain experience in a field I knew nothing about,” said Gartley, in a news release, who is Allen Insurance and Financial’s first-ever summer intern. “Especially in today’s world, it’s important to do that.”

Allen Insurance and Financial wants to encourage young people to consider insurance or financial planning as a career. Starting with a small internship program is a good way to start, said Gilbert Fifield, company president.

Gartley’s internship has been guided by Rick Bagnall, voluntary benefits specialist at Allen Insurance and Financial.

“Helping Taylor learn more about what we do here has been good for all of us,” said Bagnall in a news release. “Answering his questions about our day-to-day responsibilities and long-term goals is refreshing and good for our focus. As much as Taylor has learned from us, we have learned from him.”

“With so many people moving out of Maine to pursue a career it is important that we open our doors to the opportunities that do exist here. In order to keep great local talent we need to help them understand their own backyard,” said Bagnall.

 

Low receives Superstar Award from Knox County Coalition

ROCKPORT — Pen Bay Healthcare announces that Sue Low, clinical manager of Employee Health Services, has received a Superstar Award from the Knox County Community Health Coalition, along with Hank Lunn of Camden and Sgt. Don Finnegan, Rockland Police Department.

Low was honored for her efforts in colon cancer prevention and public health, and especially for her leadership in coordinating free tobacco cessation programs open to the public and working on hospital policies supporting a tobacco-free lifestyle. Lunn is active in community programs to help children and parents better communicate and lead safe, healthy, wholesome lives. Finnegan works with the coalition in substance abuse education for businesspeople, parents and school staff, as well as safe disposal of medications, among other issues.

 

Bar Harbor Bankshares earnings up

BAR HARBOR – Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust recently announced net income available to common shareholders of $2.8 million for the second quarter of 2011, representing an increase of $61 thousand, or 2.2 percent, compared with the second quarter of 2010. The Company’s diluted earnings per share amounted to $0.72 for the quarter, compared with $0.71 in the second quarter of 2010, representing an increase of 1.4 percent.

The Company’s annualized return on average shareholders’ equity amounted to 10.26 percent for the quarter, compared with 10.76 percent in the second quarter of 2010. The Company’s annualized return on average assets amounted to 0.96 percent for the quarter, compared with 1.01 percent in the second quarter of 2010.

For the six months ended June 30, 2011, the Company reported earnings available to common shareholders of $5.6 million, representing an increase of $532 thousand, or 10.4 percent, compared with the first six months of 2010. Diluted earnings per share amounted to $1.46, representing an increase of $0.12, or 9.0 percent, compared with the first six months of 2010.

The Company’s annualized return on average shareholders’ equity amounted to 10.69 percent  for the six months ended June 30, 2011, compared with 11.01 percent in the first half of 2010. The Company’s annualized return on average assets amounted to 0.99 percent, compared with 1.09 percent in the first half of 2010.

A large contributing factor underlying the year-to-date increases in net income available to common shareholders and diluted earnings per share was the Company’s repurchase of all shares of its Preferred Stock from the U.S. Department of the Treasury in the first quarter of 2010. The Preferred Stock was sold to the Treasury in 2009 as part of the Emergency Economic Stabilization Act. As a result of the repurchase, the Company accelerated the accretion of $496 thousand in preferred stock discount, reducing net income available to common shareholders and diluted earnings per share by $496 thousand and $0.13, respectively. Total preferred stock dividends and accretion of discount amounted to $653 thousand in the first six months of 2010, compared with none in 2011.

 

Camden National Corporation second quarter earnings up 27 percent

CAMDEN — Camden National Corporation reported net income of $7.1 million for the second quarter of 2011, an increase of $1.5 million, or 27 percent, compared to the second quarter of 2010 and an increase of $730,000, or 12 percent, compared to the first quarter of 2011. Earnings per diluted share were $0.92 for the second quarter of 2011, compared to $0.73 and $0.83 for the second quarter of 2010 and the first quarter of 2011, respectively.

Net income for the six months ended June 30, 2011 was $13.4 million, an increase of 23 percent compared to $10.9 million for the same period in 2010. Earnings per diluted share for the six months ended June 30, 2011 and 2010 were $1.75 and $1.42, respectively.

“In light of an uncertain and sluggish economy, I’m pleased to report our focus on community banking fundamentals has resulted in a strong financial performance for the second quarter of 2011,” said Gregory A. Dufour, president and chief executive officer of Camden National, in a news release. “Our return on average assets was 1.22 percent for the second quarter of 2011, compared to 0.98 percent for the second quarter of 2010 and our national peer group average of 0.57 percent, based on the most recent Bank Holding Company Report dated March 31, 2011. Return on average equity for the second quarter of 2011 and 2010 was 13.29 percent and 11.36 percent, respectively, compared to our national peer group average of 6.21 percent for the first quarter of 2011. We anticipate these financial results will place us in the top level of our national peer group.”

 

Dwelley Is community liaison nurse with Kno-Wal-Lin

ROCKLAND — Pen Bay Healthcare announces that Sarah Dwelley has assumed the position of community liaison nurse with Pen Bay Healthcare’s Kno-Wal-Lin Home Care and Hospice. Dwelley has more than 30 years’ experience in nursing, with an extensive background in home care, hospice and palliative care.

Dwelley’s role is to work closely with referral sources, such as physician practices, hospital discharge planners, and nursing and rehabilitation facilities, educating them about Kno-Wal-Lin’s wide range of home care services as well as the ever-changing government regulations and insurance issues concerning home healthcare. She also follows up to determine if treatment is working well for existing patients and to make any needed improvements to care. In addition, Dwelley serves as an educator and contact person for the greater community, helping people and organizations understand the benefits of home care and providing educational programs on many topics, such as safety in the home, hospice and palliative care.

 

Dwelley can be reached at 594-9561 or sdwelley@penbayhealthcare.org.