Business Services Industry
Bar Harbor Bankshares Board Authorizes Stock Repurchase
Business Wire, Nov 17, 1999
BAR HARBOR, Maine--(BUSINESS WIRE)--Nov. 17, 1999--
The Board of Directors of Bar Harbor Bankshares, Inc. (AMEX:BHB) has authorized the repurchase of up to 10% of the company's outstanding shares or approximately 344,000 shares. The purchase will take place over the next 14 months either in the open market or in privately negotiated transactions. For purposes of effecting bids and purchases of its shares, Bar Harbor Bankshares may use, from time to time, Dirigo Investments, Inc., a registered broker-dealer that Bar Harbor Bankshares has agreed to acquire as a subsidiary.
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