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<title>s8option2005</title>
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<p ALIGN="center"></font><font size="3">As filed with the Securities and Exchange
Commission on February 22, 2005, Registration Statement No. 333-</font><b><font SIZE="5"></p>

<p ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</font>Washington, D.C. 20549 </p>
</b><font SIZE="1">

<p ALIGN="LEFT"></font>&nbsp;</p>

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<b><font SIZE="5">

<p ALIGN="CENTER">FORM S-8 <br>
REGISTRATION STATEMENT <br>
</font><font size="3">UNDER <br>
</font>THE SECURITIES ACT OF 1933 <font SIZE="5"></p>
</font></b>

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<b><font SIZE="6">

<p ALIGN="CENTER">BAR HARBOR BANKSHARES<br>
</font><font SIZE="1">(Exact name of Registrant as Specified in Its Charter) </p>
</font></b><div align="center"><center>

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  <tr>
    <td WIDTH="48%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><b><p
    ALIGN="CENTER">Maine<br>
    <font SIZE="1">(State of Incorporation)</font></b></font></td>
    <td WIDTH="3%" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="48%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><b><p
    ALIGN="CENTER">01-0393663<br>
    <font SIZE="1">(I.R.S. Employer Identification #)</font></b></font></td>
  </tr>
</table>
</center></div><font SIZE="1">

<p ALIGN="LEFT"></font><font SIZE="2"><b>&nbsp;</p>

<p ALIGN="CENTER">82 Main Street<br>
Bar Harbor, Maine 04609 <br>
<font SIZE="1">(Address, including zip code, of Registrant&#146;s principal executive
offices) </font></p>
</b></font><font SIZE="1">

<p ALIGN="center">&nbsp;</font><font SIZE="2"><b>Bar Harbor Bankshares and its
Subsidiaries Incentive Stock Option Plan of 2000<br>
<font SIZE="1">(Full Title of the Plan) </font></p>
</b></font><font SIZE="1">

<p ALIGN="center">&nbsp;</font><font SIZE="2"><b>Joseph M. Murphy<br>
President and C.E.O. <br>
Bar Harbor Bankshares <br>
82 Main Street <br>
Bar Harbor, Maine 04609<br>
(207) 288-3314 <br>
<font SIZE="1">(Name, address, including zip code, and telephone number, including area
code, of agent for service) </font></p>
</b></font><font SIZE="1">

<p ALIGN="center">&nbsp;</font><font SIZE="2"><b><i>With copies to: <br>
</i>Daniel G. McKay, Esq. <br>
Eaton Peabody P.A. <br>
80 Exchange Street <br>
Bangor, Maine 04401 <br>
(207) 947-0111 <i></p>
</i></b></font><font SIZE="1">

<p ALIGN="center">&nbsp;</font><font SIZE="2"><b>CALCULATION OF REGISTRATION FEE </b></font></p>

<hr>
<div align="center"><center>

<table BORDER="0" CELLSPACING="0" WIDTH="628" style="border: medium none" cellpadding="0">
  <tr>
    <td WIDTH="154" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Title of Securities Being Registered</b></font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="73" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Amount&nbsp;to&nbsp;be<br>
    Registered&nbsp;(1)</b></font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="152" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Proposed&nbsp;Maximum&nbsp;Offering<br>
    Price Per Share(2)</b></font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="103" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Proposed&nbsp;Maximum<br>
    Aggregate<br>
    Offering&nbsp;Price(2)</b></font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Amount of<br>
    Registration&nbsp;Fee</b></font></td>
  </tr>
  <tr>
    <td VALIGN="BOTTOM" COLSPAN="9" width="574" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="154" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">Common
    Stock, par value $2.00 per share</font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="73" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2"><p
    ALIGN="CENTER">450,000</font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="152" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2"><p
    ALIGN="CENTER">$28.00</font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="103" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2"><p
    ALIGN="CENTER">$27.87</font></td>
    <td WIDTH="6" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2"><p
    ALIGN="CENTER">1483.02</font></td>
  </tr>
</table>
</center></div>

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<table BORDER="0" CELLSPACING="0" WIDTH="757" style="border: medium none" cellpadding="0">
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">(1)</font></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="725" VALIGN="top" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">This
    Registration Statement covers 450,000 shares of common stock, par value $2.00 per share,
    of Bar Harbor Bankshares (&quot;Common Stock&quot;) available for issuance under the Bar
    Harbor Bankshares and its Subsidiaries Incentive Stock Option Plan of 2000 (the
    &quot;Plan&quot;). In addition, pursuant to Rule 416, this Registration Statement includes
    such indeterminate number of shares as may be issued in the event of a stock dividend,
    stock split, split-up, recapitalization, forfeiture under the Plan or other similar event.
    </font></td>
  </tr>
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="725" VALIGN="top" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"><font SIZE="2">(2)</font></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="725" VALIGN="top" style="border: medium none"><font SIZE="2">Estimated solely
    for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c)
    and (h) under the Securities Act of 1933, as amended (the &quot;Securities Act&quot;). The
    price per share and aggregate offering price are based upon the average of the high and
    low prices of the Registrant&#146;s Common Stock on February 17, 2005 as reported on the
    American Stock Exchange. </font></td>
  </tr>
</table>
<font SIZE="1">

<p ALIGN="LEFT"></font><font SIZE="2"><b>&nbsp;</p>

<p ALIGN="CENTER">PART I </b></font><font SIZE="1"></p>

<p ALIGN="center">&nbsp;</font><font SIZE="2"><b>INFORMATION REQUIRED IN THE SECTION 10(A)
PROSPECTUS </p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;PLAN
INFORMATION *</p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;INFORMATION
AND EMPLOYEE PLAN ANNUAL INFORMATION *</p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font>&nbsp;&nbsp; <font SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp; *
Pursuant to the Introductory Note to Part I of Form S-8 and Rule 428 of the Securities
Act, the information required by Part I is not filed with the Securities and Exchange
Commission (the &quot;Commission&quot;).</p>
</font><font SIZE="1">

<p ALIGN="LEFT"></font><font SIZE="2"><b>&nbsp;</p>

<p ALIGN="CENTER">PART II </b></font><font SIZE="1"></p>

<p ALIGN="center">&nbsp;</font><font SIZE="2"><b>INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT </p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>ITEM
3.&nbsp;&nbsp;&nbsp;&nbsp;INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE </p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font>&nbsp;&nbsp; &nbsp;&nbsp; <font SIZE="2">Bar Harbor
Bankshares (the &quot;Registrant&quot;) hereby incorporates by reference the following
documents, which have been previously filed with the Commission pursuant to the Securities
Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;): </p>
</font>

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  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">(a)</font></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="724" VALIGN="top" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">Annual
    Report filed on Form 10-K for the fiscal year ended December 31, 2003, filed with the
    Commission on March 29, 2004; </font></td>
  </tr>
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="724" VALIGN="top" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"><font SIZE="2">(b)</font></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="724" VALIGN="top" style="border: medium none"><font face="Times New Roman"
    size="2"><a NAME="OLE_LINK2">Quarterly Report filed on Form 10-Q for the fiscal quarter
    ended March 31, 2004, filed with the Commission on May 17, 2004; Quarterly Report filed on
    Form 10-Q for the fiscal quarter ended June 30, 2004, filed with the Commission on August
    16, 2004; Quarterly Report filed on Form 10-Q for the fiscal quarter ended September 30,
    2004, filed with the Commission on November 15, 2004; Current Reports on Form 8-K filed
    with the Commission on February 7, 2005, January 26, 2005, October 28, 2004, October 22,
    2004, July 30, 2004, July 29, 2004, July 21, 2004, May 20, 2004, May 3, 2004, April 30,
    2004, April 21, 2004, March 29, 2004, March 1, 2004, February 27, 2004, February 13, 2004,
    February 2, 2004, and January 21, 2004; and</a> </font></td>
  </tr>
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="724" VALIGN="top" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="14" VALIGN="top" style="border: medium none"><font SIZE="2">(c)</font></td>
    <td WIDTH="6" VALIGN="top" style="border: medium none"></td>
    <td WIDTH="724" VALIGN="top" style="border: medium none"><font SIZE="2">The description of
    the Registrant&#146;s Common Stock contained in its Registration Statement on Form 8-A,
    filed with the Commission on September 10, 1997 under Section 12 of the Exchange Act and
    any amendments or reports filed for the purpose of updating such description</font></td>
  </tr>
</table>
<font SIZE="2">

<p ALIGN="LEFT">&nbsp;&nbsp; </font>&nbsp;&nbsp; <font SIZE="2">In addition, all documents
subsequently filed with the Commission by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
which indicates that all securities offered hereunder have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be incorporated
by reference herein shall be deemed to be modified or superseded for purposes hereof to
the extent that a statement contained herein or in any other subsequently filed document
which also is incorporated or deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration
Statement. </font></p>

<hr>
<font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;DESCRIPTION
OF SECURITIES </p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font>&nbsp;&nbsp; &nbsp;&nbsp; <font SIZE="2">Not Applicable. </p>
</font><font SIZE="1">

<p ALIGN="LEFT"><strong>&nbsp;</font><font SIZE="2">ITEM 5. </font><font SIZE="1">&nbsp;&nbsp;
</font><font SIZE="2">IN</strong><b>TERESTS OF NAMED EXPERTS AND COUNSEL.</b> </font></p>
<font SIZE="2">

<p ALIGN="LEFT">&nbsp;&nbsp; </font>&nbsp;&nbsp; <font SIZE="2">Not Applicable. </font><font
SIZE="1"></p>

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>ITEM
6.&nbsp;&nbsp;&nbsp;&nbsp;INDEMNIFICATION OF DIRECTORS AND OFFICERS. </p>
</b></font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Maine Business
Corporation Act, Title 13-C M.R.S.A Section 101, et seq. (the &quot;MBCA&quot;), permits a
corporation to indemnify and advance expenses to any of its directors and officers who was
or is a party to a proceeding because that person is or was a director or officer of the
corporation and if the following criteria are met: (i) the individual&#146;s conduct was
in good faith; (ii) the individual reasonably believed (a) in the case of conduct in the
individual&#146;s official capacity that such conduct was in the best interests of the
corporation, and (b) in all other cases, that the individual&#146;s conduct was at least
not opposed to the best interests of the corporation; and (iii) in the case of a criminal
proceeding, the individual had no reasonable cause to believe the individual&#146;s
conduct was unlawful. Notwithstanding the foregoing, a corporation has no power to
indemnify a director or officer unless it has made a determination that the person has met
the relevant standard of conduct set forth above.</p>

<p ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As permitted by the MBCA, the
bylaws of the Registrant provide that the Registrant shall indemnify its directors and
officers, including the advancement of expenses. In addition, the bylaws contain the
procedures pursuant to which such indemnification is effectuated.</p>

<p ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As permitted by the MBCA, the
Registrant maintains directors and officers liability insurance in amounts and on terms
which the Registrant&#146;s Board of Directors deems reasonable. In the ordinary course of
business, the Registrant&#146;s Board of Directors regularly reviews the scope and
adequacy of such insurance coverage.</font><font SIZE="2"></p>
<b>

<p ALIGN="LEFT">ITEM 7.&nbsp;&nbsp;&nbsp;&nbsp;EXEMPTION FROM REGISTRATION CLAIMED </b></font><font
SIZE="1"></p>

<p ALIGN="LEFT">&nbsp;</font>&nbsp;&nbsp; &nbsp;&nbsp; <font SIZE="2">Not applicable. </p>
</font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>ITEM 8.&nbsp;&nbsp;&nbsp;&nbsp;EXHIBITS. </b></font></p>

<table BORDER="1" CELLSPACING="0" WIDTH="577" style="border: medium none">
  <tr>
    <td WIDTH="4%" VALIGN="MIDDLE" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT"></font>&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="1%" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="92%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">The
    following is a complete list of exhibits filed or incorporated by reference as part of
    this Registration Statement. </font></p>
    <p ALIGN="LEFT">&nbsp;</td>
  </tr>
</table>
<div align="center"><center>

<table BORDER="1" CELLSPACING="0" WIDTH="578" style="border: medium none">
  <tr>
    <td WIDTH="8%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Exhibit</b></font></td>
    <td WIDTH="2%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="90%" VALIGN="MIDDLE" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT"></font>&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="2%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="90%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">*
    5.1</font></td>
    <td WIDTH="2%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="90%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Opinion of Eaton Peabody P.A. as to the legality of the
      securities being registered.</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="2%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="90%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">*
    23.1</font></td>
    <td WIDTH="2%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="90%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Consent of Berry, Dunn, McNeil and Parker.</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="2%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="90%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">23.2</font></td>
    <td WIDTH="2%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="90%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Consent of Eaton Peabody P.A. (included in Exhibit 5.1
      hereto).</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="2%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="90%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">24.1</font></td>
    <td WIDTH="2%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="90%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Power of Attorney (included on the signature page hereto).</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="2%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="90%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">99.1</font></td>
    <td WIDTH="2%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="90%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Bar Harbor Bankshares and its Subsidiaries Incentive Stock
      Option Plan of 2000 (incorporated by reference to Form 10-K, Item 14(a)(3) Exhibit 10.3
      filed with the Commission March 28, 2002. Commission Number 001-13499</font></p>
    </blockquote>
    </td>
  </tr>
</table>
</center></div><font SIZE="1">

<p ALIGN="LEFT">* Filed herewith</font></p>

<hr>
<font SIZE="2"><b>

<p ALIGN="LEFT">ITEM 9.&nbsp;&nbsp;&nbsp;&nbsp;UNDERTAKINGS </b></font><font SIZE="1"></p>
</font>

<table BORDER="1" CELLSPACING="0" WIDTH="741" style="border: medium none">
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT"></font>&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">(a)</font></td>
    <td WIDTH="692" VALIGN="TOP" colspan="3" style="border: medium none"><font SIZE="2"><p
    ALIGN="LEFT">The undersigned Registrant hereby undertakes: </font></td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="665" VALIGN="TOP" colspan="2" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none"><small>(1)</small></td>
    <td WIDTH="665" VALIGN="TOP" colspan="2" style="border: medium none"><font SIZE="2">To
    file, during any period in which offers or sales are being made, a post-effective
    amendment to this registration statement: </font></td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="665" VALIGN="TOP" colspan="2" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP" style="border: medium none"><font SIZE="2">(i)</font></td>
    <td WIDTH="637" VALIGN="TOP" style="border: medium none"><font SIZE="2">To include any
    prospectus required by Section 10(a)(3) of the Securities Act of 1933; </font></td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="637" VALIGN="TOP" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP" style="border: medium none"><font SIZE="2">(ii)</font></td>
    <td WIDTH="637" VALIGN="TOP" style="border: medium none"><font SIZE="2">To reflect in the
    prospectus any facts or events arising after the effective date of the registration
    statement (or the most recent post-effective amendment thereof) which, individually or in
    the aggregate, represent a fundamental change in the information set forth in the
    registration statement. Notwithstanding the foregoing, any increase or decrease in volume
    of securities offered (if the total dollar value of securities offered would not exceed
    that which was registered) and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of prospectus filed with the
    Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
    represent no more than 20 percent change in the maximum aggregate offering price set forth
    in the &quot;Calculation of Registration Fee&quot; table in the effective registration
    statement.; and </font></td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="637" VALIGN="TOP" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="19" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP" style="border: medium none"><font SIZE="2">(iii)</font></td>
    <td WIDTH="637" VALIGN="TOP" style="border: medium none"><font SIZE="2">To include any
    material information with respect to the plan of distribution not previously disclosed in
    the registration statement or any material change to such information in the registration
    statement. </font></td>
  </tr>
</table>
<font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font>&nbsp;&nbsp; &nbsp;&nbsp; <font SIZE="2">PROVIDED, HOWEVER,
that paragraphs (a)(1)(i) and (a)(1)(ii) herein do not apply if the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13
or Section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement. </font></p>

<table BORDER="1" CELLSPACING="0" WIDTH="755" style="border: medium none">
  <tr>
    <td WIDTH="42" VALIGN="MIDDLE" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT"></font>&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">(2)</font></td>
    <td WIDTH="6" VALIGN="TOP" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT"></font>&nbsp;</td>
    <td WIDTH="677" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="LEFT">That,
    for the purpose of determining any liability under the Securities Act of 1933, each such
    post-effective amendment shall be deemed to be a new registration statement relating to
    the securities offered therein, and the offering of such securities at that time shall be
    deemed to be the initial bona fide offering thereof; and </font></td>
  </tr>
  <tr>
    <td WIDTH="42" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="6" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="677" VALIGN="TOP" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="42" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none"><font SIZE="2">(3)</font></td>
    <td WIDTH="6" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="677" VALIGN="TOP" style="border: medium none"><font SIZE="2">To remove from
    registration by means of a post-effective amendment any of the securities being registered
    which remain unsold at the termination of the offering. </font></td>
  </tr>
  <tr>
    <td WIDTH="42" VALIGN="MIDDLE" style="border: medium none">&nbsp;</td>
    <td WIDTH="14" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="6" VALIGN="TOP" style="border: medium none">&nbsp;</td>
    <td WIDTH="677" VALIGN="TOP" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="42" VALIGN="top" style="border: medium none"><p align="right">(b)</td>
    <td WIDTH="697" VALIGN="TOP" colspan="3" style="border: medium none"><font SIZE="2">The
    undersigned Registrant hereby undertakes that, for purposes of determining any liability
    under the Securities Act of 1933, each filing of the Registrant&#146;s Annual Report
    pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934 that is incorporated by
    reference in the registration statement shall be deemed to be a new registration statement
    relating to the securities offered therein, and the offering of such securities at that
    time shall be deemed to be the initial bona fide offering thereof. </font></td>
  </tr>
  <tr>
    <td WIDTH="42" VALIGN="top" style="border: medium none">&nbsp;</td>
    <td WIDTH="697" VALIGN="TOP" colspan="3" style="border: medium none">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="42" VALIGN="top" style="border: medium none"><p align="right">(c)</td>
    <td WIDTH="697" VALIGN="TOP" colspan="3" style="border: medium none"><font SIZE="2">Insofar
    as indemnification for liabilities arising under the Securities Act of 1933 may be
    permitted to directors, officers and controlling persons of the Registrant pursuant to the
    foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of
    the Securities and Exchange Commission such </font></td>
  </tr>
</table>

<hr>
<font SIZE="2">

<p ALIGN="LEFT"></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font SIZE="2">Indemnification
is against public policy as expressed in the Securities Act of 1933, and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act of 1933 and will be governed by
the final adjudication of such issue. </font></p>

<hr>
<font SIZE="2"><b>

<p ALIGN="CENTER">SIGNATURES </b></font><font SIZE="1"></p>

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2">Pursuant to the requirements of the Securities
Act of 1933, Bar Harbor Bankshares certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form S-8 and has duly caused this
registration statement (the &quot;Registration Statement&quot;) to be signed on its behalf
by the undersigned, thereunto duly authorized, in the Town of Bar Harbor, Maine, on this
22 day of February, 2005. </p>
</font>

<p ALIGN="LEFT">&nbsp;</p>

<p ALIGN="LEFT"><font SIZE="2">&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
BAR HARBOR BANKSHARES</font></p>

<p ALIGN="LEFT"><font SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></p>

<p ALIGN="LEFT"><font SIZE="2">&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
By: &nbsp; /s/ Joseph M. Murphy</font></p>

<p ALIGN="LEFT"><font SIZE="2">&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Joseph M. Murphy<br>
&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
President and Chief Executive Officer</font></p>
<font SIZE="1">

<p ALIGN="LEFT"></font>&nbsp;</p>

<p ALIGN="RIGHT">&nbsp;</p>
<font SIZE="2"><b>

<p ALIGN="CENTER">POWER OF ATTORNEY </b></font><font SIZE="1"></p>

<p ALIGN="LEFT">&nbsp;</font>&nbsp;&nbsp; &nbsp;&nbsp; <font SIZE="2">KNOW ALL BY THESE
PRESENTS, that each individual whose signature appears below hereby severally constitutes
and appoints Joseph Murphy, such person&#146;s true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for such person and in such
person&#146;s name, place and stead, in any and all capacities, to sign this Registration
Statement and any and all amendments (including post-effective amendments) to this
Registration Statement, and to file the same, with all exhibits thereto, and all documents
in connection therewith, with the Securities and Exchange Commission, granting unto each
said attorney-in-fact and agent full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as such person might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent or any substitute or substitutes of
any of them may lawfully do or cause to be done by virtue hereof. </p>
</font><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><font SIZE="2"><b>Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by the following
persons in the capacities and on the dates indicated. <u>Form S-8 Bar Harbor Bankshares
and its Subsidiaries Incentive Stock Option Plan for 2000</u></p>
</b></font><font SIZE="1">

<p ALIGN="LEFT"></font>&nbsp;</p>
<div align="left">

<table BORDER="0" CELLSPACING="0" WIDTH="615" style="border: medium none" cellpadding="0">
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Signature</b></font></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;<b>Capacity</b></font></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Date</b></font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none">/s/ <small>Thomas Colwell</small></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">Chairman of the
    Board</font></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">December 21,
    2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="top" style="border: medium none"><font SIZE="2">/s/ Joseph Murphy</font><font
    SIZE="1">&nbsp;&nbsp;</font></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">President and<br>
    Chief Executive Officer<br>
    (Principal Executive Officer)</font></td>
    <td WIDTH="227" VALIGN="top" style="border: medium none"><font SIZE="2">December 21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">/s/ Gerry
    Shencavitz</font><font SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">Chief Financial
    Officer</font></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">December 21,
    2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none">/s/ <small>Robert M. Phillips</small></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">December 21,
    2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="BOTTOM" style="border: medium none">/s/ Cooper Friend</td>
    <td WIDTH="214" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="227" VALIGN="BOTTOM" style="border: medium none"><font SIZE="2">December 21,
    2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Constance Shea</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Scott G.
    Toothaker</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Robert C.
    Carter</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Thomas Colwell</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Joseph M.
    Murphy</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Kenneth Smith</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Martha T.
    Dudman</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ John McCurdy</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Peter Dodge</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ David B.
    Woodside</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="178" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none">/s/ Dwight Eaton</td>
    <td WIDTH="218" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">Director</font></td>
    <td WIDTH="231" VALIGN="MIDDLE" HEIGHT="16" style="border: medium none"><font SIZE="2">December
    21, 2004</font></td>
  </tr>
</table>
</div>

<p ALIGN="LEFT">&nbsp;</p>
<font SIZE="2"><b>

<p ALIGN="CENTER">EXHIBIT INDEX </b></font><font SIZE="1"></p>
</font><div align="center"><center>

<table BORDER="1" CELLSPACING="0" WIDTH="578" style="border: medium none">
  <tr>
    <td WIDTH="12%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="CENTER">Exhibit&nbsp;No.</b></font></td>
    <td WIDTH="1%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><b><p
    ALIGN="LEFT">Description</b></font></td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="1%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="86%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">*
    5.1</font></td>
    <td WIDTH="1%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Opinion of Eaton Peabody P.A. as to the legality of the
      securities being registered.</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="1%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="86%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">*
    23.1</font></td>
    <td WIDTH="1%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Consent of Berry, Dunn, McNeil and Parker</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="1%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="86%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">23.2</font></td>
    <td WIDTH="1%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Consent of Eaton Peabody P.A. (included in Exhibit 5.1
      hereto).</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="1%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="86%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">24.1</font></td>
    <td WIDTH="1%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Power of Attorney (included on the signature page hereto).</font></p>
    </blockquote>
    </td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="1%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
    <td WIDTH="86%" VALIGN="MIDDLE" HEIGHT="5" style="border: medium none"></td>
  </tr>
  <tr>
    <td WIDTH="12%" VALIGN="TOP" style="border: medium none"><font SIZE="2"><p ALIGN="RIGHT">99.1</font></td>
    <td WIDTH="1%" VALIGN="BOTTOM" style="border: medium none"><font SIZE="1"><p ALIGN="LEFT">&nbsp;&nbsp;</font></td>
    <td WIDTH="86%" VALIGN="BOTTOM" style="border: medium none"><blockquote>
      <font SIZE="2"><p ALIGN="LEFT">Bar Harbor Bankshares and its Subsidiaries Incentive Stock
      Option Plan of 2000 (incorporated by reference to Form 10-K, Item 14(a)(3) Exhibit 10.3
      filed with the Commission March 28, 2002. Commission Number 001-13499</font></p>
    </blockquote>
    </td>
  </tr>
</table>
</center></div><font SIZE="1">

<p ALIGN="LEFT">&nbsp;</font><small>* Filed herewith</small></p>
</body>
</html>
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{"company-data": {"conformed-name": "BAR HARBOR BANKSHARES", "cik": "0000743367", "assigned-sic": "6022", "irs-number": "010393663", "state-of-incorporation": "ME", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-122939", "film-number": "05631212"}, "business-address": {"street1": "82 MAIN ST", "street2": "PO BOX 400", "city": "BAR HARBOR", "state": "ME", "zip": "04609-0400", "phone": "2072883314"}, "mail-address": {"street1": "82 MAIN ST", "street2": "PO BOX 400", "city": "BAR HARBOR", "state": "ME", "zip": "04609-0400"}}
s8option2005
As filed with the Securities and Exchange
Commission on February 22, 2005, Registration Statement No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
BAR HARBOR BANKSHARES
(Exact name of Registrant as Specified in Its Charter)
Maine
(State of Incorporation)
01-0393663
(I.R.S. Employer Identification #)
82 Main Street
Bar Harbor, Maine 04609
(Address, including zip code, of Registrant's principal executive
offices)
Bar Harbor Bankshares and its
Subsidiaries Incentive Stock Option Plan of 2000
(Full Title of the Plan)
Joseph M. Murphy
President and C.E.O.
Bar Harbor Bankshares
82 Main Street
Bar Harbor, Maine 04609
(207) 288-3314
(Name, address, including zip code, and telephone number, including area
code, of agent for service)
With copies to:
Daniel G. McKay, Esq.
Eaton Peabody P.A.
80 Exchange Street
Bangor, Maine 04401
(207) 947-0111
CALCULATION OF REGISTRATION FEE
Title of Securities Being Registered
Amount to be
Registered (1)
Proposed Maximum Offering
Price Per Share(2)
Proposed Maximum
Aggregate
Offering Price(2)
Amount of
Registration Fee
Common
    Stock, par value $2.00 per share
450,000
$28.00
$27.87
1483.02
(1)
This
    Registration Statement covers 450,000 shares of common stock, par value $2.00 per share,
    of Bar Harbor Bankshares ("Common Stock") available for issuance under the Bar
    Harbor Bankshares and its Subsidiaries Incentive Stock Option Plan of 2000 (the
    "Plan"). In addition, pursuant to Rule 416, this Registration Statement includes
    such indeterminate number of shares as may be issued in the event of a stock dividend,
    stock split, split-up, recapitalization, forfeiture under the Plan or other similar event.
(2)
Estimated solely
    for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c)
    and (h) under the Securities Act of 1933, as amended (the "Securities Act"). The
    price per share and aggregate offering price are based upon the average of the high and
    low prices of the Registrant's Common Stock on February 17, 2005 as reported on the
    American Stock Exchange.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A)
PROSPECTUS
ITEM 1.    PLAN
INFORMATION *
ITEM 2.    INFORMATION
AND EMPLOYEE PLAN ANNUAL INFORMATION *
*
Pursuant to the Introductory Note to Part I of Form S-8 and Rule 428 of the Securities
Act, the information required by Part I is not filed with the Securities and Exchange
Commission (the "Commission").
PART II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
ITEM
3.    INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
Bar Harbor
Bankshares (the "Registrant") hereby incorporates by reference the following
documents, which have been previously filed with the Commission pursuant to the Securities
Exchange Act of 1934, as amended (the "Exchange Act"):
(a)
Annual
    Report filed on Form 10-K for the fiscal year ended December 31, 2003, filed with the
    Commission on March 29, 2004;
(b)
Quarterly Report filed on Form 10-Q for the fiscal quarter
    ended March 31, 2004, filed with the Commission on May 17, 2004; Quarterly Report filed on
    Form 10-Q for the fiscal quarter ended June 30, 2004, filed with the Commission on August
    16, 2004; Quarterly Report filed on Form 10-Q for the fiscal quarter ended September 30,
    2004, filed with the Commission on November 15, 2004; Current Reports on Form 8-K filed
    with the Commission on February 7, 2005, January 26, 2005, October 28, 2004, October 22,
    2004, July 30, 2004, July 29, 2004, July 21, 2004, May 20, 2004, May 3, 2004, April 30,
    2004, April 21, 2004, March 29, 2004, March 1, 2004, February 27, 2004, February 13, 2004,
    February 2, 2004, and January 21, 2004; and
(c)
The description of
    the Registrant's Common Stock contained in its Registration Statement on Form 8-A,
    filed with the Commission on September 10, 1997 under Section 12 of the Exchange Act and
    any amendments or reports filed for the purpose of updating such description
In addition, all documents
subsequently filed with the Commission by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
which indicates that all securities offered hereunder have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference in
this Registration Statement and to be a part hereof from the date of filing of such
documents. Any statement contained in a document incorporated or deemed to be incorporated
by reference herein shall be deemed to be modified or superseded for purposes hereof to
the extent that a statement contained herein or in any other subsequently filed document
which also is incorporated or deemed to be incorporated by reference herein modifies or
supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration
Statement.
ITEM 4.    DESCRIPTION
OF SECURITIES
Not Applicable.
ITEM 5.
IN
TERESTS OF NAMED EXPERTS AND COUNSEL.
Not Applicable.
ITEM
6.    INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The Maine Business
Corporation Act, Title 13-C M.R.S.A Section 101, et seq. (the "MBCA"), permits a
corporation to indemnify and advance expenses to any of its directors and officers who was
or is a party to a proceeding because that person is or was a director or officer of the
corporation and if the following criteria are met: (i) the individual's conduct was
in good faith; (ii) the individual reasonably believed (a) in the case of conduct in the
individual's official capacity that such conduct was in the best interests of the
corporation, and (b) in all other cases, that the individual's conduct was at least
not opposed to the best interests of the corporation; and (iii) in the case of a criminal
proceeding, the individual had no reasonable cause to believe the individual's
conduct was unlawful. Notwithstanding the foregoing, a corporation has no power to
indemnify a director or officer unless it has made a determination that the person has met
the relevant standard of conduct set forth above.
As permitted by the MBCA, the
bylaws of the Registrant provide that the Registrant shall indemnify its directors and
officers, including the advancement of expenses. In addition, the bylaws contain the
procedures pursuant to which such indemnification is effectuated.
As permitted by the MBCA, the
Registrant maintains directors and officers liability insurance in amounts and on terms
which the Registrant's Board of Directors deems reasonable. In the ordinary course of
business, the Registrant's Board of Directors regularly reviews the scope and
adequacy of such insurance coverage.
ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8.    EXHIBITS.
The
    following is a complete list of exhibits filed or incorporated by reference as part of
    this Registration Statement.
Exhibit
*
    5.1
Opinion of Eaton Peabody P.A. as to the legality of the
      securities being registered.
*
    23.1
Consent of Berry, Dunn, McNeil and Parker.
23.2
Consent of Eaton Peabody P.A. (included in Exhibit 5.1
      hereto).
24.1
Power of Attorney (included on the signature page hereto).
99.1
Bar Harbor Bankshares and its Subsidiaries Incentive Stock
      Option Plan of 2000 (incorporated by reference to Form 10-K, Item 14(a)(3) Exhibit 10.3
      filed with the Commission March 28, 2002. Commission Number 001-13499
* Filed herewith
ITEM 9.    UNDERTAKINGS
(a)
The undersigned Registrant hereby undertakes:
(1)
To
    file, during any period in which offers or sales are being made, a post-effective
    amendment to this registration statement:
(i)
To include any
    prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the
    prospectus any facts or events arising after the effective date of the registration
    statement (or the most recent post-effective amendment thereof) which, individually or in
    the aggregate, represent a fundamental change in the information set forth in the
    registration statement. Notwithstanding the foregoing, any increase or decrease in volume
    of securities offered (if the total dollar value of securities offered would not exceed
    that which was registered) and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of prospectus filed with the
    Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
    represent no more than 20 percent change in the maximum aggregate offering price set forth
    in the "Calculation of Registration Fee" table in the effective registration
    statement.; and
(iii)
To include any
    material information with respect to the plan of distribution not previously disclosed in
    the registration statement or any material change to such information in the registration
    statement.
PROVIDED, HOWEVER,
that paragraphs (a)(1)(i) and (a)(1)(ii) herein do not apply if the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13
or Section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
(2)
That,
    for the purpose of determining any liability under the Securities Act of 1933, each such
    post-effective amendment shall be deemed to be a new registration statement relating to
    the securities offered therein, and the offering of such securities at that time shall be
    deemed to be the initial bona fide offering thereof; and
(3)
To remove from
    registration by means of a post-effective amendment any of the securities being registered
    which remain unsold at the termination of the offering.
(b)
The
    undersigned Registrant hereby undertakes that, for purposes of determining any liability
    under the Securities Act of 1933, each filing of the Registrant's Annual Report
    pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934 that is incorporated by
    reference in the registration statement shall be deemed to be a new registration statement
    relating to the securities offered therein, and the offering of such securities at that
    time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar
    as indemnification for liabilities arising under the Securities Act of 1933 may be
    permitted to directors, officers and controlling persons of the Registrant pursuant to the
    foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of
    the Securities and Exchange Commission such
Indemnification
is against public policy as expressed in the Securities Act of 1933, and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act of 1933 and will be governed by
the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities
Act of 1933, Bar Harbor Bankshares certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form S-8 and has duly caused this
registration statement (the "Registration Statement") to be signed on its behalf
by the undersigned, thereunto duly authorized, in the Town of Bar Harbor, Maine, on this
22 day of February, 2005.
BAR HARBOR BANKSHARES
By:   /s/ Joseph M. Murphy
Joseph M. Murphy
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL BY THESE
PRESENTS, that each individual whose signature appears below hereby severally constitutes
and appoints Joseph Murphy, such person's true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for such person and in such
person's name, place and stead, in any and all capacities, to sign this Registration
Statement and any and all amendments (including post-effective amendments) to this
Registration Statement, and to file the same, with all exhibits thereto, and all documents
in connection therewith, with the Securities and Exchange Commission, granting unto each
said attorney-in-fact and agent full power and authority to do and perform each and every
act and thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as such person might or could do in person, hereby ratifying and
confirming all that said attorney-in-fact and agent or any substitute or substitutes of
any of them may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the
Securities Act of 1933, this Registration Statement has been signed by the following
persons in the capacities and on the dates indicated.
Form S-8 Bar Harbor Bankshares
and its Subsidiaries Incentive Stock Option Plan for 2000
Signature
Capacity
Date
/s/
Thomas Colwell
Chairman of the
    Board
December 21,
    2004
/s/ Joseph Murphy
President and
Chief Executive Officer
(Principal Executive Officer)
December 21, 2004
/s/ Gerry
    Shencavitz
Chief Financial
    Officer
December 21,
    2004
/s/
Robert M. Phillips
Director
December 21,
    2004
/s/ Cooper Friend
Director
December 21,
    2004
/s/ Constance Shea
Director
December
    21, 2004
/s/ Scott G.
    Toothaker
Director
December
    21, 2004
/s/ Robert C.
    Carter
Director
December
    21, 2004
/s/ Thomas Colwell
Director
December
    21, 2004
/s/ Joseph M.
    Murphy
Director
December
    21, 2004
/s/ Kenneth Smith
Director
December
    21, 2004
/s/ Martha T.
    Dudman
Director
December
    21, 2004
/s/ John McCurdy
Director
December
    21, 2004
/s/ Peter Dodge
Director
December
    21, 2004
/s/ David B.
    Woodside
Director
December
    21, 2004
/s/ Dwight Eaton
Director
December
    21, 2004
EXHIBIT INDEX
Exhibit No.
Description
*
    5.1
Opinion of Eaton Peabody P.A. as to the legality of the
      securities being registered.
*
    23.1
Consent of Berry, Dunn, McNeil and Parker
23.2
Consent of Eaton Peabody P.A. (included in Exhibit 5.1
      hereto).
24.1
Power of Attorney (included on the signature page hereto).
99.1
Bar Harbor Bankshares and its Subsidiaries Incentive Stock
      Option Plan of 2000 (incorporated by reference to Form 10-K, Item 14(a)(3) Exhibit 10.3
      filed with the Commission March 28, 2002. Commission Number 001-13499
* Filed herewith