SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
The Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 17, 1999
BAR HARBOR BANKSHARES, INC.
(Exact name of registrant as specified in its
charter)
MAINE 841105-D 01-
0393663
(State or other jurisdiction
(Commission (IRS Employer
of incorporation) File Number)
Identification No.)
P O Box 400, 82 Main Street
Bar Harbor, ME 04609-
0400
(Address of principal executive officers) (Zip
Code)
Registrant's telephone number, including area code:
(207) 288-3314
<PAGE>
ITEM 5 - OTHER EVENTS
On November 17, 1999, Bar Harbor Bankshares, Inc.
announced that its Board of Directors had authorized
the purchase of up to 10% of its outstanding shares
in the open market or in privately negotiated
transactions. The news release regarding this
repurchase is attached to this filing.
ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements - not applicable
(b) Pro forma financial information - not applicable
(c) Exhibits
99 News Release issued by Bar Harbor Bankshares,
dated November 17, 1999
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: November 19, 1999
BAR HARBOR
BANKSHARES, INC.
By: /s/ Sheldon
F. Goldthwait, Jr.
Sheldon F.
Goldthwait, Jr.
President
For Further Information
Contact: FOR IMMEDIATE
RELEASE
Sheldon F. Goldthwait, Jr.
President & CEO
(207) 288-2634/1-800-924-7787
BAR HARBOR BANKSHARES
BOARD AUTHORIZES STOCK REPURCHASE
BAR HARBOR, MAINE (November 17, 1999) - The Board
of Directors of Bar Harbor Bankshares, Inc. (AMEX:
BHB) has authorized the repurchase of up to 10% of the
company's outstanding shares or approximately 344,000
shares. The purchase will take place over the next 14
months either in the open market or in privately
negotiated transactions. For purposes of effecting
bids and purchases of its shares, Bar Harbor
Bankshares may use, from time to time, Dirigo
Investments, Inc., a registered broker-dealer that Bar
Harbor Bankshares has agreed to acquire as a
subsidiary.
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