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

EXHIBIT 99.1

PRESS RELEASE

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

Bar Harbor Bankshares Increases Quarterly Cash Dividend

Bar Harbor, Maine (October 18, 2011) – Bar Harbor Bankshares (NYSE Amex: BHB), today announced that its Board of Directors declared a quarterly cash dividend of 28.0 cents per share of common stock, representing an increase of 0.5 cents or 1.8% from prior quarter, and an increase of 1.5 cents or 5.8% compared with the fourth quarter of 2010. The quarterly cash dividend is payable to all shareholders of record as of the close of business November 16, 2011 and will be paid on December 15, 2011.

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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