<SEC-DOCUMENT>0000743367-16-000158.txt : 20160816
<SEC-HEADER>0000743367-16-000158.hdr.sgml : 20160816
<ACCEPTANCE-DATETIME>20160816160950
ACCESSION NUMBER:		0000743367-16-000158
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160816
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160816
DATE AS OF CHANGE:		20160816

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:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13349
		FILM NUMBER:		161836131

	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>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>repurchase082016.htm
<TEXT>
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<TITLE>UNITED STATES</TITLE>
<META NAME="author" CONTENT="daustin">
<META NAME="date" CONTENT="08/16/2016">
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<DIV style="width:624px"><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:14pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:14pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:14pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:18pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B>CURRENT REPORT PURSUANT</B></P>
<P style="margin:0px; font-size:14pt" align=center><B>TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0px; font-size:14pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Date of report (Date of earliest event reported): &nbsp;&nbsp;&nbsp;</B>August 16, 2016</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center><B>Commission File No. 001-13349</B></P>
<P style="margin-top:0px; margin-bottom:6.667px"><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:18pt" align=center><B>BAR HARBOR BANKSHARES</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=354 /><TD width=204 /></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>Maine</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>01-0393663</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(State or other jurisdiction of</P>
<P style="margin:0px; font-size:11pt">incorporation or organization)</P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(I.R.S. Employer</P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">Identification No.)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B>PO Box 400</B></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>82 Main Street, Bar Harbor, ME</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt"><B><U>04609-0400</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=354><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt">(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center><B><U>(207) 288-3314</U></B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center>(Registrant's telephone number, including area code)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center><B><U>Inapplicable</U></B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=center>(Former name, former address and former fiscal year, if changed since last report)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px; 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>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; float:left">o</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-size:11pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; clear:left; float:left">o</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; 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>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; clear:left; float:left">o</P>
<P style="line-height:13pt; margin-top:0px; margin-bottom:7.333px; text-indent:-2px; font-family:CG Times,Times New Roman; 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>
<P style="line-height:13pt; margin-top:0px; margin-bottom:-2px; width:24px; font-family:Wingdings; font-size:11pt; clear:left; float:left">o</P>
<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>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-bottom:4px; border-bottom:2px solid #000000"><BR></P>
<P style="margin:0px; font-size:11pt">TABLE OF CONTENTS</P>
<P style="margin:0px; font-size:11pt">&nbsp;</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=366.067 /><TD width=56.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=366.067><P style="margin:0px; font-size:11pt">Item 8.01 Other Events.</P>
</TD><TD style="margin-top:0px" valign=top width=56.067><P style="margin:0px; font-size:11pt">Page 1</P>
</TD></TR>
</TABLE>
<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=366.067 /><TD width=56.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=366.067><P style="margin:0px; font-size:11pt">Signatures</P>
</TD><TD style="margin-top:0px" valign=top width=56.067><P style="margin:0px; font-size:11pt">Page 1</P>
</TD></TR>
</TABLE>
<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=366.067 /><TD width=56.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=366.067><P style="margin:0px; font-size:11pt">Exhibit Index</P>
</TD><TD style="margin-top:0px" valign=top width=56.067><P style="margin:0px; font-size:11pt">Page 2</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:11pt">&nbsp;&nbsp;</P>
<P style="margin:0px; padding-bottom:4px; border-bottom:2px solid #000000"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>On August 16, 2016, Bar Harbor Bankshares issued a press release announcing that the Company&#146;s Board of Directors has approved the continuation of the Company&#146;s existing stock repurchase plan through <FONT style="font-family:CG Times,Times New Roman; font-size:12pt">August 16, 2018</FONT>. &nbsp;A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:CG Times,Times New Roman; font-size:12pt; float:left"><B>ITEM 9.01</B></P>
<P style="margin:0px; text-indent:-2px; font-family:CG Times,Times New Roman; font-size:12pt"><B>FINANCIAL STATEMENTS AND EXHIBITS</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:48px; width:96px; font-size:11pt; float:left">(d)</P>
<P style="margin:0px; text-indent:-2px; font-size:11pt">Exhibits No. Description</P>
<P style="margin:0px; clear:left"><BR></P>
<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 August 16, 2016, furnished herewith<FONT style="font-size:12pt">.</FONT></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; font-size:12pt"><B>SIGNATURES</B></P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; 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-family:CG Times,Times New Roman; font-size:12pt">Dated: &nbsp;August 16, 2016</P>
<P style="margin-top:6.133px; margin-bottom:6.133px; font-family:CG Times,Times New Roman; font-size:11pt">BAR HARBOR BANKSHARES</P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>/s/ Curtis C. Simard</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>Curtis C. Simard </P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify>President and Chief Executive Officer</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-bottom:4px; border-bottom:2px solid #000000"><BR></P>
<P style="margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000">Exhibit Index</P>
<P style="margin:0px; font-size:11pt">&nbsp;</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=122.067 /><TD width=140.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=122.067><P style="margin:0px; font-size:11pt">Exhibit Number</P>
</TD><TD style="margin-top:0px" valign=top width=140.067><P style="margin:0px; font-size:11pt">Description of Exhibit</P>
</TD></TR>
</TABLE>
<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=123.133 /><TD width=335 /></TR>
<TR><TD style="margin-top:0px" valign=top width=123.133><P style="margin:0px; font-size:11pt">99.1</P>
</TD><TD style="margin-top:0px" valign=top width=335><P style="margin:0px; font-size:11pt">Registrant's Press Release dated August 16, 2016</P>
</TD></TR>
</TABLE>
<P style="margin:6.667px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>repurchase082016ex99.htm
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<TITLE>UNITED STATES</TITLE>
<META NAME="author" CONTENT="daustin">
<META NAME="date" CONTENT="08/16/2016">
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<DIV style="width:624px"><P style="margin:0px; font-size:12.5pt" align=justify><B>Exhibit 99.1</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:8pt" align=center>&nbsp;&nbsp;</P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:22pt" align=center><B>PRESS RELEASE</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt"><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;&nbsp;</B><B><U>FOR IMMEDIATE RELEASE</U></B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt"><B>Curtis C. Simard</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt"><B>President and Chief Executive Officer</B></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt"><B>(207) 288-3314</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt" align=center><U>BA</U><B><U>R HARBOR BANKSHARES CONTINUES ITS STOCK REPURCHASE PLAN</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt" align=justify>BAR HARBOR, Maine (August 16, 2016) <B>&#150; </B>Bar Harbor Bankshares (NYSE MKT: BHB) (the &#147;Company&#148;), today announced that its Board of Directors has authorized the continuation of the Company&#146;s existing stock repurchase plan through August 16, 2018. No other changes were made to the plan.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt" align=justify>In August 2008, the Company&#146;s Board of Directors approved a twenty-four month program to repurchase up to 450,000 shares of the Company&#146;s common stock, or approximately 10.2% of the shares then outstanding. &nbsp;The Company&#146;s Board of Directors authorized the continuance of this program for additional twenty-four month periods in August 2010, 2012 and 2014. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt" align=justify>Depending on market conditions and other factors, stock repurchases 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. As of June 30, 2016, the Company had repurchased 173,363 shares of stock under this plan, or 38.5% of the total authorized, at an average price of $19.89 per share.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:11pt" align=justify><B>About Bar Harbor Bankshares</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman; font-size:12pt" 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 fourteen branch office locations serving downeast, midcoast, and central Maine. &nbsp;Find us at <FONT style="color:#0000FF"><U>www.BHBT.com</U></FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman" align=center><B># &nbsp;# &nbsp;#</B></P>
<P style="margin:0px" align=center><BR></P>
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<BR></P>
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