First’s McKim named president

Tony McKim has been named the chief executive officer and president of The First. FILE PHOTO

Tony McKim has been named the chief executive officer and president of The First.

BAR HARBOR — Tony McKim, who for 10 years has been the chief operating officer of The First Bancorp, is now president and chief executive officer of the company.

An Eastport native who has made his home in the area for many years, McKim started with The First National Bank of Bar Harbor as an internal auditor in 1992 and quickly rose in rank. In 1999, he became president and chief operating officer of the bank, and in 2005 when the bank merged with The First National Bank of Damariscotta to form The First Bancorp, he became COO and executive vice president.

The First has 16 branches from Wiscasset to Calais with assets of approximately $1.4 billion.

“I have always been a great believer in this company,” McKim said from his Bar Harbor office this week. “I hope to continue to grow The First, and I hope to do it profitably and efficiently, and I hope our shareholders see that over time.”

McKim said he is a hands-on leader, and that any given day might involve anything from setting budgets and financial forecasts to talking to someone about a lobster boat or doing his part as president of Acadian Youth Sports. He has had experience in just about all aspects of The First’s business and prides himself on being active in many areas.

“I’m not wired to not meet with a customer when they ask for me,” McKim said. “That level of interaction is, to me, some of the essence of community banking.”

McKim’s promotion was first announced in May 2014 after former company president Daniel Daigneault announced his retirement. David Soule, the chairman of the board of directors of the company, said that he and his board have great confidence in McKim’s abilities to lead the bank into the future.

“As I stated in May, I am pleased that we found our new president and CEO from within the bank’s existing executive management team,” Soule said in a press release. “Tony has played a major role at the bank for a number of years. He understands our markets and our customers and will provide the leadership needed to build on the success we have enjoyed over the past 150-plus years.”

McKim said that the greatest challenges for the company are threefold: “Interest rates, interest rates, interest rates.” In this manner, the bank shares the same concern as others nationally.

“When rates are going to move and how we position the bank to take advantage is a big challenge,” he said.

Closer to home, McKim always has his eye on the housing market, which he believes is in recovery, the tourism industry, which has been vigorous, and the fishing and agricultural products markets. While much of the way these areas develop are out of his control, he said, keeping close contact with major players in the industries and especially with banking customers that are involved helps both the bank and those customers ride out the inevitable ups and downs.

“Where the lobsters will run is out of my control,” McKim said, “but making sure we meet with those folks and understand where they are will help us in the event of any downturn.”

McKim said that he has received many kind words about his promotion, and that he is enjoying his new position.

“I’m deeply grateful … to our board, and I am in admiration of the team that works with me,” he said. “It’s just been wonderful, and I look forward to a wonderful future.”


Robert Levin

Robert Levin

Former reporter Robert Levin covered the people, businesses, governmental and nonprofit agencies of Bar Harbor. [email protected]
Robert Levin

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