October 31, 2008
Bar Harbor Bankshares earnings up
Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, announced Thursday a net income of $6.3 million for the nine months ended Sept. 30, 2008, an increase of 21.5% in per-shareholder earnings, according to Businesswire.
The increased level of earnings was attributed to increasing net interest income, securities gains, proceeds from shares redeemed in connection with the Visa Inc. initial public offering and an increase in trust and financial services fees.
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