ITEM 8.01 OTHER EVENTS

On August 20, 2008 Bar Harbor Bankshares (the "Company") issued a press release announcing the approval by the Company's Board of Directors of a new stock repurchase program for the repurchase of up to 300,000 shares of the Company's common stock, or approximately 10.2% of the outstanding shares. The stock repurchase program will become effective as of August 21, 2008 and continue for a period of twenty-four (24) consecutive months thereafter. A copy of the Company's press release is being furnished herewith as an exhibit to this report.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits No. Description

99.1 Copy of Company's press release dated August 20, 2008 is furnished herewith.