<SEC-DOCUMENT>0000743367-17-000002.txt : 20170118
<SEC-HEADER>0000743367-17-000002.hdr.sgml : 20170118
<ACCEPTANCE-DATETIME>20170118152535
ACCESSION NUMBER:		0000743367-17-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170118
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20170118
DATE AS OF CHANGE:		20170118

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:		17533321

	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>bhb2017compensationplan.htm
<TEXT>
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<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Pam Farnsworth">
<META NAME="date" CONTENT="01/18/2017">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Washington, D.C. &nbsp;20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Current Report Pursuant</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>to Section 13 or 15(d) of the</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Securities Exchange Act of 1934</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center>Date of Report (Date of earliest event reported): January 18, 2017</P>
<P style="margin:0px; font-size:11pt" 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>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=212.8 /><TD width=212.8 /><TD width=212.8 /></TR>
<TR><TD style="margin-top:0px" valign=top width=212.8><P style="margin:0px; font-size:11pt" align=center><B>Maine</B></P>
<P style="margin:0px; font-size:11pt" align=center>(State or other jurisdiction</P>
<P style="margin:0px; font-size:11pt" align=center>of incorporation)</P>
</TD><TD style="margin-top:0px" valign=top width=212.8><P style="margin:0px; font-size:11pt" align=center><B>001-13349</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Commission </P>
<P style="margin:0px; font-size:11pt" align=center>File Number)</P>
</TD><TD style="margin-top:0px" valign=top width=212.8><P style="margin:0px; font-size:12pt" align=center><B>01-0393663</B></P>
<P style="margin:0px; font-size:12pt" align=center>(IRS Employer</P>
<P style="margin:0px; font-size:12pt" align=center>Identification No.)</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=385.2 /><TD width=253.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=385.2><P style="margin:0px; font-size:12pt"><B>P.O. Box 400, 82 Main Street, Bar Harbor, ME</B></P>
<P style="margin:0px; font-size:12pt">(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=253.2><P style="margin:0px; font-size:12pt" align=center><B>04609-0400</B></P>
<P style="margin:0px; font-size:12pt" align=center>(Zip code)</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center>Registrant&#146;s telephone number, including area code: &nbsp;<B>(207) 288-3314</B>&nbsp;</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>Not Applicable</B></P>
<P style="margin:0px; font-size:12pt" align=center>(Former name or former address, if changed since last report)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt">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 (see General Instruction A.2. below): </P>
<P style="margin:0px; font-size:11pt">&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=42.067 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=42.067><P style="margin:0px; font-family:Century Schoolbook,Times New Roman; font-size:12pt"><font style='font-family:Arial Unicode MS,Times New Roman'>&#9744;</font></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:11pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P>
</TD></TR>
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<P style="margin:0px"><BR></P>
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<TR><TD style="margin-top:0px" valign=top width=42.067><P style="margin:0px; font-family:Century Schoolbook,Times New Roman; font-size:12pt"><font style='font-family:Arial Unicode MS,Times New Roman'>&#9744;</font></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:11pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=42.067 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=42.067><P style="margin:0px; font-size:11pt"><font style='font-family:Arial Unicode MS,Times New Roman'>&#9744;</font></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:11pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </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 width=100%><TR height=0 style="font-size:0"><TD width=42.067 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=42.067><P style="margin:0px; font-size:11pt"><font style='font-family:Arial Unicode MS,Times New Roman'>&#9744;</font></P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:11pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
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<P style="margin:0px"><BR></P>
<P style="margin:6.667px"><BR>
<BR></P>
<P style="margin-top:6.667px; margin-bottom:6.667px; font-size:12pt; page-break-before:always"><B>TABLE OF CONTENTS</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=385.2 /><TD width=66 /></TR>
<TR><TD style="margin-top:0px" valign=top width=385.2><P style="margin:0px; font-size:12pt">Item 5.02 <FONT style="font-size:11pt">Departure of Directors or Certain Officers; </FONT></P>
<P style="margin:0px; font-size:11pt">Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; font-size:12pt">Page 3</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=385.2><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=385.2><P style="margin:0px; font-size:12pt">Signatures</P>
</TD><TD style="margin-top:0px" valign=top width=66><P style="margin:0px; font-size:12pt">Page 5</P>
</TD></TR>
</TABLE>
<P style="margin:6.667px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style=page-break-before:always;margin-top:0;margin-bottom:-4pt;font-size:4pt /><P style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:11pt; float:left"><B>Item 5.02.</B></P>
<P style="margin:0px; text-indent:-2px; font-size:11pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-size:11pt">(e) &nbsp;Compensatory Arrangements for Certain Officers.</P>
<P style="margin:0px; font-size:11pt">&nbsp;&nbsp;</P>
<P style="margin:0px; font-size:11pt">The Board of Directors &nbsp;of Bar Harbor Bankshares (the &#147;Company&#148;), upon the recommendation of the Company&#146;s Compensation Committee, which, among other things, reviews and approves incentive plans for its executive officers, approved the 2017 &nbsp;Annual Incentive Plan for senior management members to be effective upon the close of business January 13,<SUP> </SUP>2017. &nbsp;The &nbsp;Annual Incentive Plan (the &#147;Plan&#148;) and designated target awards for fiscal year 2017 (calculated as a percentage of base salary) includes certain executive officers of the Company and its wholly owned first tier bank and second tier trust company subsidiaries, including the Company&#146;s named executive officers. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:7.333px; font-size:11pt">The Plan focuses on rewards for the achievement of specific goals that the Company believes are critical to the growth and profitability of the Company. The principal objectives of the plan are to:</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; float:left">&#183;</P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:48px; text-indent:-2px; font-size:11pt">Focus executive attention on key business metrics;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; clear:left; float:left">&#183;</P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:48px; text-indent:-2px; font-size:11pt">Align compensation with organizational and individual performance;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; clear:left; float:left">&#183;</P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:48px; text-indent:-2px; font-size:11pt">Encourage teamwork and collaboration across all areas of the Company to drive improved business results;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; clear:left; float:left">&#183;</P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:48px; text-indent:-2px; font-size:11pt">Motivate and reward the achievement of specific, measurable performance objectives;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; clear:left; float:left">&#183;</P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:48px; text-indent:-2px; font-size:11pt">Provide competitive total cash compensation;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; clear:left; float:left">&#183;</P>
<P style="margin-top:0px; margin-bottom:7.333px; padding-left:48px; text-indent:-2px; font-size:11pt">Provide significant rewards for achieving and exceeding performance results; and</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; font-size:11pt; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:11pt">Enable the Company to attract and retain the talent needed to drive success.</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-size:11pt">In order for the Plan to activate and any payments to be made, the Company must achieve a set net income trigger. The performance period and Plan operate on a calendar year basis (January 1<SUP>st</SUP> to December 31<SUP>st</SUP>). &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">The table below summarizes the incentive ranges for the 2017 year as a percentage of base salary payout for the Company&#146;s five named executive officers. </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=217.2 /><TD width=84 /><TD width=108 /><TD width=96 /><TD width=118.133 /></TR>
<TR><TD style="margin-top:0px; background-color:#FFC000; border:1px solid #000000" valign=bottom width=217.2><P style="margin:0px" align=center><B>2017 Short-Term Incentive Targets</B></P>
</TD><TD style="margin-top:0px; background-color:#FFC000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=84><P style="margin:0px" align=center><B>Below Threshold</B></P>
</TD><TD style="margin-top:0px; background-color:#FFC000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=108><P style="margin:0px" align=center><B>Threshold </B></P>
<P style="margin:0px" align=center><B>(50% of Target)</B></P>
</TD><TD style="margin-top:0px; background-color:#FFC000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96><P style="margin:0px" align=center><B>Target (100%)</B></P>
</TD><TD style="margin-top:0px; background-color:#FFC000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=118.133><P style="margin:0px" align=center><B>Stretch </B></P>
<P style="margin:0px" align=center><B>(150%) of Target</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=217.2><P style="margin:0px">Curtis S. Simard, &nbsp;</P>
<P style="margin:0px">President and CEO</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>0%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=108><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>19.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>38.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=118.133><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>57.00%</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=217.2><P style="margin:0px">Josephine Iannelli </P>
<P style="margin:0px">Executive Vice President and CFO</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>0%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=108><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>14.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>28.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=118.133><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>42.00%</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=217.2><P style="margin:0px">Richard B. Maltz, </P>
<P style="margin:0px">Executive Vice President &nbsp;</P>
<P style="margin:0px">and Chief Operating Officer</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>0%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=108><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>14.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>28.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=118.133><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>42.00%</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=217.2><P style="margin:0px">William J. McIver</P>
<P style="margin:0px">Executive Vice President and Regional President </P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>0%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=108><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>14.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>28.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=118.133><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>42.00%</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=217.2><P style="margin:0px">Stephen M. Leackfeldt, </P>
<P style="margin:0px">Executive Vice President, </P>
<P style="margin:0px">Retail Banking </P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>0%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=108><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>12.50%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>25.00%</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=118.133><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>37.50%</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; font-size:11pt; page-break-before:always">Plan team performance goals are based on net income, efficiency ratio, asset quality measurements, and strategic initiatives. &nbsp;Each individual will fund the distribution pool based on achievement and their percentage of pay detailed in the table above. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt">Sixty percent of an executive&#146;s achievement percentage will be distributed to the executive. &nbsp;&nbsp;The remaining forty percent will be used to fund a team pool to be distributed to plan participants at the discretion of the Compensation Committee. &nbsp;If an executive&#146;s Target percent in the table is twenty-five percent &nbsp;and Target is achieved, then fifteen percent (representing 60%) will be paid to the executive and the remaining ten percent (representing 40%) will fund a team pool to be distributed based on the Compensation Committee&#146;s discretion. &nbsp;&nbsp;&nbsp;&nbsp;</P>
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<P style="margin-top:0px; margin-bottom:7.333px; font-size:11pt" align=justify>The Company has developed the Plan based on existing business, market and economic conditions. &nbsp;If substantial changes occur that affect these conditions, the Company may add to, amend, modify or discontinue any of the terms or conditions of the Plan at any time. &nbsp;The Compensation Committee may, at its sole discretion, waive, change or amend the Plan, as it deems appropriate.</P>
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<P style="margin-top:0px; margin-bottom:14.667px; font-size:11pt; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0px; margin-bottom:14.667px; text-indent:48px; font-size:11pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify>BAR HARBOR BANKSHARES</P>
<P style="margin:0px; font-size:11pt" align=justify>(Registrant)</P>
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<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=right>By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify>/s/Marsha C. Sawyer</P>
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<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify>Name: Marsha C. Sawyer</P>
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<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin:0px; font-size:11pt" align=justify>Title: &nbsp;&nbsp;Corporate Clerk </P>
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<P style="margin:0px; font-size:11pt">Date: &nbsp;January 18, 2017</P>
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