BAR HARBOR – Bar Harbor Bankshares has announced that its board of directors declared a cash dividend of 21 cents per common share for the quarter ended Dec. 31, 2004, representing an increase of 2 cents, or 11 percent, over the same quarter in 2004, and an increase of 1 cent, or 5 percent, over the previous quarter’s dividend. The quarterly dividend will be payable to all shareholders of record as of the close of business Feb. 18, 2005, and will be paid on March 15, 2005.

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 11 branch office locations serving Down East and Midcoast Maine.