Bar Harbor Bankshares Continues Its Stock Repurchase Plan
19 Dezember 2007 - 9:20PM
Business Wire
Bar Harbor Bankshares (the �Company) (AMEX: BHB), today announced
that its Board of Directors has authorized the continuation of the
Company�s existing stock repurchase plan through December 31, 2008.
In March 2004, the Company announced a second stock repurchase
plan. The Board of Directors of the Company authorized open market
and privately negotiated purchases of up to 10% of the Company�s
outstanding shares of common stock, or 310,000 shares. Purchases
began on March 4, 2004 and were continued through December 31,
2006. The Company�s Board of Directors subsequently authorized the
continuance of this stock repurchase plan through December 31,
2007. Depending on market conditions and other factors, these
purchases may be commenced or suspended at any time, or from
time-to-time, without prior notice. As of December 19, 2007, the
Company had repurchased 205,867 shares of stock under the plan, or
66% of the total authorized. 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 eleven branch office locations
serving Downeast and Midcoast Maine.
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