BHB Bar Harbor Bankshares

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.