Bar Harbor Bankshares Authorizes Stock Repurchase Program

Bar Harbor Bankshares (the “Company”) (AMEX:BHB) announced today that its Board of Directors has authorized the repurchase of up to 300,000 shares of the Company’s common stock, or approximately 10.2% of the shares currently outstanding. The new stock repurchase program will become effective as of August 21, 2008 and continue for a period of up to twenty-four consecutive months. Depending on market conditions and other factors, these purchases may be commenced or suspended at any time, or from time to time, without prior notice and may be made in the open market or through privately negotiated transactions. The new stock repurchase program replaces the Company’s stock repurchase program that had been in place since February 2004, which had authorized the repurchase of up to 310,000 or approximately 10% of the Company’s... [read full story]