2
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._________)*
Bar Harbor Bankshares
(Name of Issuer)
COMMON
(Title of Class of Securities)
066849100
(CUSIP Number)
DECEMBER 31, 1997
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
??Rule 13d-1(b)
??Rule 13d-1(c)
??Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
SEC 1745 (3-98)
<PAGE>
CUSIP No. 066849100
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
BAR HARBOR BANKING AND TRUST COMPANY
2. Check the Appropriate Box if a Member of a group (See
Instructions)
(a)
(b)
3. SEC Use Only
Citizenship or Place of Organization BAR HARBOR, MAINE
5. Sole Voting Power______80,380______ __
6. Shared Voting Power ____NONE_____
7. Sole Dispositive Power ___227,166_________________________
8. Shared Dispositive Power ____35,275_______________________
9. Aggregate Amount Beneficially Owned by Each Reporting Person
__281,275____
10. Check if the Aggregate Amount in Row (11) excluded Certain
Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11)
____16.3_____________
12. Type of Reporting Person (See Instructions)
BK___________________________
<PAGE>
GENERAL INSTRUCTIONS
A. Statements filed pursuant to Rule 13d-1(b) containing the
information required by this schedule shall not be filed not later than
February 14 following the calendar year covered by the statement or
within the time specified in Rules 13d-1(b)(2) and 13d-2(c).
Statements filed pursuant to Rule 13d-1(c) shall be filed within the
time specified in Rules 13d-1(c), 13d-2(b) and 13d-2(d). Statements
filed pursuant to Rule 13d-1(d) shall be filed not later than February
14 following the calendar year covered by the statement pursuant to
Rules 13d-1(d) and 13d-2(b).
B. Information contained in a form which is required to be filed by
rules under section 13(f) (15 U.S.C. 78m(f)) for the same calendar year
as that covered by a statement on this schedule may be incorporated by
reference in response to any of the items of this schedule. If such
information is incorporated by reference in this schedule, copies of
the relevant pages of such form shall be filed as an exhibit to this
schedule.
C. The item numbers and captions of the items shall be included but
the text of the items is to be omitted. The answers to the items shall
be so prepared as to indicate clearly the coverage of the items without
referring to the text of the items. Answer every item. If an item is
inapplicable or answer is in the negative, so state.
Item 1.
(a) Name of Issuer Bar Harbor Bankshares
(b) Address of Issuer's Principal Executive Offices 82 Main St.,
P.O. Box 400, Bar Harbor, ME 04609-0400
Item 2.
a (a) Name of Person Filing Bar Harbor Banking and Trust
Company
(b) Address of Principal Business Office or, if none, Residence 82
Main St., P.O. Box 218, Bar Harbor, ME 04609-0218
b (c) Citizenship n/a
c (d) Title of Class of Securities common
d (e) CUSIP Number 066849100
Item 3. If this statement is filed pursuant to 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a)???Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b)???Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c)???Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d)???Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)???An Investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E);
(f)???An employee benefit plan or endowment fund in accordance
with 240.13d-1(b)(1)(ii)(F)
(g)???A parent holding company or control person in accordance
with 240.013d-1(b)(1)(ii)(G);
(h)???A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ???A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);
(j) ???Group, in accordance with 240.13d-1(b)(1)(ii)(J).
<PAGE>
Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in
Item 1.
(a) Amount beneficially owned:___281,275___
(b) Percent of Class:__16.3____
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote __80,380__
(ii) Shared power to vote or to direct the vote _NONE_
(iii) Sole power to dispose or to direct the disposition of
_227,166_
(iv) Shared power to dispose or to direct the disposition of _35,675_
Instruction. For computations regarding securities which represent a
right to acquire an underlying security see 240.13d-3(d)(1).
Item 5. Ownership of Five Percent or less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following ?.
Instruction: Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five percent on Behalf of Another
Person.
If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, such securities, a statement to that effect should be included
in response to this item and, if such interest relates to more than
five percent of the class, such person should be identified. A listing
of the shareholders of an investment company registered under the
Investment Company Act of 1940 or the beneficiaries of employee benefit
plan, pension fund or endowment fund is not required.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company
If a parent holding company has filed this schedule, pursuant to
Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.
Item 8. Identification and Classification of members of the Group
If a group has filed this schedule pursuant to 240.13d-
1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit
stating the identity and Item 3 classification of each member of the
group. If a group has filed this schedule pursuant to 240.13d-1(c) or
240.13d-1(d), attach an exhibit stating the identity of each member of
the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings with
respect to transactions in the security reported on will be filed, if
required, by members of the group, in their individual capacity. See
Item 5.
<PAGE>
Item 10. Certification
(a) The following certification shall be included if the statement is
filed pursuant to 240.13d-1(b):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
and held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
(b) The following certification shall be included if the statement is
filed pursuant to 240.13d-1(c):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement it
true, complete and correct.
_____September 22, 1998_____
Date
/S/ Dwight L. Eaton
Bar Harbor Banking & Trust Company
Senior Vice President and Trust Officer
Name/Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his representative. If the statement
is signed on behalf of a person by his authorized representative other
than an executive officer or general partner of the filing person,
evidence of the representative's authority to sign on behalf of such
person shall be filed with the statement, provided, however, that a
power of attorney for this purpose which is already on file with the
Commission may be incorporated by reference. The name and any title of
each person who signs the statement shall be typed or printed beneath
his signature.
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See 240.13d-
7 for other parties for whom copies are to be sent.
Attention: International misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)
