Exhibit 10.3 (b)

THE FIRST NATIONAL BANK OF BAR HARBOR
SPLIT DOLLAR AGREEMENT

AMENDMENT NO. 1

WHEREAS, THE FIRST NATIONAL BANK OF BAR HARBOR, a nationally-chartered
savings bank located in Bar Harbor, Maine (the "Company") and
_____________________ (the "Executive") entered into an agreement,
known as the "The First National Bank Of Bar Harbor Split Dollar
Agreement", (the "Agreement") on March 4, 2004; and

WHEREAS, the Company and the Executive reserved the right to amend the
Agreement under Article 7 of the Agreement;

NOW, THEREFORE, the Company and the Executive hereby amend the
Agreement effective immediately as follows:

1.     Section 1.7 of the Agreement is deleted in its entirety and the
following new Section 1.7 is inserted in lieu thereof:

1.7     "Policy" or "Policies" means the specific life insurance policy
or policies issued by the Insurer or Insurers that are listed on
Appendix A of this Agreement.  All life insurance policies that are
subject to this Agreement shall be listed on Appendix A.

2.     The following new section, section 1.9, is added to Article 1 of
the Agreement:

     1.9       "Appendix A" means the appendix attached to this
Agreement provided that Appendix A may be amended from time to time
subject to Article 7 hereof.

3.     The first sentence of Section 2.1 of the Agreement is deleted in
its entirety and the following new sentence is inserted in lieu thereof:

The Company shall be the sole owner of the Policy and shall have the
right to exercise all incidents of ownership subject to the specific
provisions of the split dollar policy endorsement.

4.     The first two sentences of Section 2.2 of the Agreement are
deleted in their entirety and the following new sentences are inserted
in lieu thereof:

Subject to the provisions of Appendix A of this Agreement, the
Executive shall have the right to designate the beneficiary of
_______________________________________ not to exceed the aggregate Net
Death Proceeds.  Subject to the provisions of Appendix A of this
Agreement, the Executive shall also have the right to elect and change
settlement options that may be permitted.

5.     The first two sentences of Article 5 of the Agreement are
deleted in their entirety and the following new sentences are inserted
in lieu thereof:

The Insurer shall be bound by the terms of the Policy and the split
dollar policy endorsement related thereto.  Any payments the Insurer
makes or actions it takes in accordance with the Policy and the split
dollar policy endorsement related thereto shall discharge it from all
claims, suits and demands of all entities or persons.

6.     Appendix A of the Agreement is adopted as part of the Agreement
in the form attached hereto, provided that Appendix A may be amended
from time to time subject to Article 7 hereof.


     IN WITNESS WHEREOF, THE FIRST NATIONAL BANK OF BAR HARBOR by its
duly authorized representative and ______________________ have executed
this amendment to the Agreement this _____ day of September 2004.


THE FIRST NATIONAL BANK OF BAR HARBOR

By:

________________________________

By:

APPENDIX A

THE FIRST NATIONAL BANK OF BAR HARBOR
SPLIT DOLLAR AGREEMENT BETWEEN
THE FIRST NATIONAL BANK OF BAR HARBOR AND __________________________


Policies:

1.     _____________________________________________________________

2.     _____________________________________________________________

3.     _____________________________________________________________

Pursuant to Section 2.2 of the Agreement, the Executive shall have a
right to designate the beneficiary of ______________________________
from the aggregate Net Death Proceeds of the above listed Policies;
provided that with respect to ____________________________________ of
such ______________________________ amount, the Executive shall have a
right to designate a beneficiary of __________________________________
in accordance with the Split Dollar Policy Endorsement related to that
policy.




Dated:  September __, 2004