Bar Harbor Bankshares (BHB) 8-K Bar Harbor Bankshares Increases Quarterly Cash Dividend

PRESS RELEASE

For further information contact:          FOR IMMEDIATE RELEASE
Joseph M. Murphy
President and CEO
(207) 288-3314

Bar Harbor Bankshares Increases Quarterly Cash Dividend

Bar Harbor, Maine (October 22, 2008) – Bar Harbor Bankshares (NYSE Alternext US (BHB)), today announced that its Board of Directors declared a quarterly cash dividend of 26.0 cents per share of common stock, representing an increase of 1.5 cent per share, or 6.1%, compared with the dividend declared during the same quarter in 2007. The quarterly cash dividend is payable to all shareholders of record as of the close of business November 14, 2008, and will be paid on December 15, 2008.

Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Bar Harbor Bank & Trust, founded in 1887, provides full service community banking with twelve branch office locations serving down east and mid coast Maine.

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