<SEC-DOCUMENT>0000743367-14-000037.txt : 20140422
<SEC-HEADER>0000743367-14-000037.hdr.sgml : 20140422
<ACCEPTANCE-DATETIME>20140422161207
ACCESSION NUMBER:		0000743367-14-000037
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140422
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20140422
DATE AS OF CHANGE:		20140422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BAR HARBOR BANKSHARES
		CENTRAL INDEX KEY:			0000743367
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				010393663
		STATE OF INCORPORATION:			ME
		FISCAL YEAR END:			1122

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13349
		FILM NUMBER:		14776405

	BUSINESS ADDRESS:	
		STREET 1:		82 MAIN ST
		STREET 2:		PO BOX 400
		CITY:			BAR HARBOR
		STATE:			ME
		ZIP:			04609-0400
		BUSINESS PHONE:		2072883314

	MAIL ADDRESS:	
		STREET 1:		82 MAIN ST
		STREET 2:		PO BOX 400
		CITY:			BAR HARBOR
		STATE:			ME
		ZIP:			04609-0400
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>dividend042214.htm
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<TITLE>Form 8-K re Stock Split and Dividend (01599682).DOC</TITLE>
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<DIV style="width:624px"><P style="margin:0px; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
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<P style="margin:0px; font-size:16pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px; font-size:12pt" align=center><B>CURRENT REPORT PURSUANT</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
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<P style="margin:0px; padding-bottom:4px; text-indent:24px; font-size:11pt; border-bottom:1px solid #000000" align=justify>Date of report (Date of earliest event reported)<FONT style="font-size:12pt"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April 22, 2014</FONT></P>
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<P style="margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>Bar Harbor Bankshares</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Exact Name of Registrant as Specified in Its Charter)</P>
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<P style="margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>Maine</B></P>
<P style="margin:0px; font-size:11pt" align=center>(State or Other Jurisdiction of Incorporation)</P>
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<P style="margin-top:0px; margin-bottom:2px; text-indent:121.333px; width:429.333px; font-size:12pt; border-bottom:1px solid #000000; float:left"><B>001-13349</B></P>
<P style="margin:0px; padding-bottom:4px; text-indent:-2px; font-size:12pt; border-bottom:1px solid #000000"><B>01-0393663</B></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:74.933px; width:367.067px; font-size:11pt; clear:left; float:left">(Commission File Number)</P>
<P style="margin:0px; text-indent:-2px; font-size:11pt">(IRS Employer Identification No.)</P>
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<P style="margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P.O. Box 400</B></P>
<P style="margin-top:0px; margin-bottom:2px; text-indent:62.2px; width:501.333px; font-size:12pt; border-bottom:1px solid #000000; float:left"><B>Main Street, Bar Harbor, ME</B></P>
<P style="margin:0px; padding-bottom:4px; text-indent:-2px; font-size:12pt; border-bottom:1px solid #000000"><B>04609-0400</B></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:36.267px; width:507.667px; font-size:11pt; clear:left; float:left">(Address of Principal Executive Offices)</P>
<P style="margin:0px; text-indent:-2px; font-size:11pt">(Zip Code)</P>
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<P style="margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>(207) 288-3314</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Registrant&#146;s Telephone Number, Including Area Code)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-bottom:4px; border-bottom:1px solid #000000" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center>(Former Name or Former Address, if Changed Since Last Report)</P>
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<P style="line-height:13pt; margin:0px; text-indent:24px; font-size:11pt" align=justify>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):</P>
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<P style="line-height:13pt; margin:0px; text-indent:-2px; font-size:11pt" align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
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<P style="line-height:13pt; margin:0px; text-indent:-2px; font-size:11pt" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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<P style="line-height:13pt; margin:0px; text-indent:-2px; font-size:11pt" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<P style="line-height:13pt; margin:0px; text-indent:-2px; font-size:11pt" align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:8pt">{EP - 01599682 - v1 }</P>
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<P style="margin:0px; font-size:11pt">TABLE OF CONTENTS</P>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=367.133 /><TD width=1.4 /><TD width=57.8 /><TD width=0.4 /></TR>
<TR><TD style="margin-top:0px" valign=top width=367.133><P style="margin:0px; font-size:11pt">Item 8.01 Other Events</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Item 9.01 Financial Statements and Exhibits</P>
</TD><TD style="margin-top:0px" valign=top width=59.6 colspan=3><P style="margin:0px; font-size:11pt">Page 1</P>
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<TR><TD style="margin-top:0px" valign=top width=368.533 colspan=2><P style="margin:0px; font-size:11pt">Signatures</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Exhibit Index</P>
</TD><TD style="margin-top:0px" valign=top width=58.2 colspan=2><P style="margin:0px; font-size:11pt">Page 1</P>
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<P style="margin:0px; font-size:11pt">Page 2</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left"><B>ITEM 8.01</B></P>
<P style="margin:0px; text-indent:-2px; font-size:12pt"><B>OTHER EVENTS</B></P>
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<P style="margin:0px; font-size:11pt" align=justify>Bar Harbor Bankshares (NYSE MKT: BHB) (the &#147;Company&#148;) issued a press release on April 22, 2014, announcing that the Company&#146;s Board of Directors declared a three-for-two split of its common stock as a large stock dividend. The three-for-two stock split as a large stock dividend is payable May 19, 2014, to its common stockholders of record at the close of business on May 5, 2014.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>In addition, the Company's Board of Directors declared a quarterly cash dividend of 22.3 cents per share of Company common stock, representing a post-stock split adjusted increase of 0.7 cents, or 3.3%, compared with the prior quarter and a post-stock split adjusted increase of 1.7 cents or 8.1% compared with the second quarter of 2013. The quarterly cash dividend is payable to all Company stockholders of record as of the close of business May 28, 2014 and will be paid on June 13, 2014. &nbsp;&nbsp;A copy of the Company&#146;s press release is filed with this current report as an exhibit.</P>
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<P style="margin:0px; font-size:11pt" align=justify>&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left"><B>ITEM 9.01</B></P>
<P style="margin:0px; text-indent:-2px; font-size:12pt"><B>FINANCIAL STATEMENTS AND EXHIBITS</B></P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:72px; font-size:11pt; float:left">(d)</P>
<P style="margin:0px; padding-left:72px; text-indent:-2px; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits No. Description</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:144px; font-size:11pt; float:left">99.1</P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-size:11pt">Copy of Company&#146;s press release dated April 22, 2014 filed herewith<FONT style="font-size:12pt">.</FONT></P>
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<P style="margin-top:6.133px; margin-bottom:6.133px; font-size:12pt"><B>SIGNATURES</B></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-size:11pt">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.</P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-size:12pt">Dated: <FONT style="font-size:11pt">&nbsp;&nbsp;April 22, 2014</FONT></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-size:11pt">BAR HARBOR BANKSHARES</P>
<P style="margin:0px; font-size:11pt" align=justify>/s/ Gerald Shencavitz</P>
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<P style="margin:0px; font-size:11pt" align=justify>Gerald Shencavitz</P>
<P style="margin:0px; font-size:11pt" align=justify>EVP &amp; Chief Financial Officer</P>
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<P style="margin:0px; font-family:CG Times,Times New Roman" align=justify>99.1 &nbsp;&nbsp;Press Release dated <FONT style="font-family:Times New Roman; font-size:11pt">April 22, 2014</FONT></P>
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<TYPE>EX-99
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<FILENAME>dividend042214ex99.htm
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<TITLE>Form 8-K re Stock Split and Dividend (01599682).DOC</TITLE>
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<P style="margin:0px; font-size:16pt; page-break-before:always"><B>EXHIBIT 99.1</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:22pt" align=center>PRESS RELEASE</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:384px; font-family:CG Times,Times New Roman; float:left"><B>For further information contact: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="margin:0px; text-indent:-2px; font-family:CG Times,Times New Roman"><B>&nbsp;</B><B><U>FOR IMMEDIATE RELEASE</U></B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; clear:left"><B>Curtis C. Simard</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman"><B>President and CEO</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman"><B>(207) 288-3314</B></P>
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<P style="margin:0px; font-size:12pt"><B><U>Bar Harbor Bankshares Announces Three-for-Two Stock Split as a Large Stock Dividend and has Declared its Second Quarter Cash Dividend </U></B></P>
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<P style="margin:0px; font-family:CG Times,Times New Roman" align=justify>Bar Harbor, Maine (April 22, 2014) &#150; Bar Harbor Bankshares (NYSE MKT: BHB) (the &#147;Company&#148;) the parent company of Bar Harbor Bank &amp; Trust, today announced that its Board of Directors declared a three-for-two split of its common stock payable in the form of a large stock dividend. The three-for-two stock split as a large stock dividend is payable May 19, 2014, to its common stockholders of record at the close of business on May 5, 2014. The additional shares will be distributed by the Company&#146;s transfer agent, American Stock Transfer &amp; Trust Company, and the per share price of the Company&#146;s common stock will adjust accordingly on the NYSE MKT, LLC. The Company currently has approximately 3,944,290 shares of common stock outstanding. After the stock split as a large stock dividend, the number of shares of common stock outstanding will increase to approximately 5,916,435. </P>
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<P style="margin:0px; font-family:CG Times,Times New Roman" align=justify>In addition, the Company's Board of Directors declared a quarterly cash dividend of 22.3 cents per share of Company common stock, representing a post-stock split adjusted increase of 0.7 cents, or 3.3%, compared with the prior quarter and a post-stock split adjusted increase of 1.7 cents or 8.1% compared with the second quarter of 2013. The quarterly cash dividend is payable to all Company stockholders of record as of the close of business May 28, 2014 and will be paid on June 13, 2014. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman" align=justify>&quot;We believe that the three-for-two stock split, combined with the twelfth consecutive quarterly increase in the Company's quarterly cash dividend, will make our Company stock even more attractive to a broader range of investors,&quot; said Company President and Chief Executive Officer, Curtis Simard. </P>
<P style="margin:0px; font-family:CG Times,Times New Roman" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px; font-family:CG Times,Times New Roman" align=justify>Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank &amp; Trust. &nbsp;Bar Harbor Bank &amp; Trust, founded in 1887, provides full service community banking with fifteen branch office locations serving downeast, midcoast, and central Maine.</P>
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<P style="margin:0px" align=justify><I>This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Bar Harbor Bankshares (the &#147;Company&#148;) for which the Company claims the protection of the safe harbor provided by the Private Securities Litigation Reform Act of 1995, as amended. You can identify these forward-looking statements by the use of words like &#147;strategy,&#148; &#147;anticipates&#148; &#147;expects,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;will,&#148; &#147;estimates,&#148; &#147;intends,&#148; &#147;projects,&#148; &#147;goals,&#148; &#147;targets,&#148; and other words of similar meaning. &nbsp;You can also identify them by the fact that they do not relate strictly to historical or current facts. &nbsp;Forward-looking statements include, but are not limited to, those made in connection with attractiveness of common stock to potential investors following the large stock dividend and with respect to the future results of operation, financial condition, and the business of the Company which are subject to change based on the impact of various factors that could cause actual results to differ materially from those projected or suggested due to certain risks and uncertainties. &nbsp;These risks and uncertainties include, but are not limited to, changes in general economic conditions, interest rates, deposit flows, loan demand, internal controls, legislation or regulation and accounting principles, policies or guidelines, as well as other economic, competitive, governmental, regulatory and accounting and technological factors affecting the Company&#146;s operations. For more information about these risks and uncertainties and other factors, please see the Company&#146;s Annual Report on Form 10-K, as updated by the Company&#146;s Quarterly Reports on Form 10-Q and other filings on file with the SEC. All of these factors should be carefully reviewed, and readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments.</I></P>
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