Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Thibault David W
 2. Date of Event Requiring Statement (Month/Day/Year)
12/21/2004		 3. Issuer Name and Ticker or Trading Symbol
BAR HARBOR BANKSHARES [BHB]
(Last)
(First)
(Middle)
C/O BAR HARBOR BANK & TRUST, PO BOX 400		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior VP of Operations
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BAR HARBOR, ME 04609		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Bar Harbor Bankshares 10/31/2004 10/31/2011 Bar Harbor Bankshares 2,130 (1) (2) $ 15.8 D  
Bar Harbor Banshares 08/20/2005 08/20/2012 Bar Harbor Bankshares 600 (1) (3) $ 18.5 D  
Bar Harbor Bankshares 12/21/2005 12/21/2014 Bar Harbor Bankshares 7,000 (1) (4) $ 29.1 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Thibault David W
C/O BAR HARBOR BANK & TRUST
PO BOX 400
BAR HARBOR, ME 04609		       Senior VP of Operations  

Signatures

David W Thibault 01/07/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Grant of Incentive Stock Options to acquire Bar Harbor Bankshares Common Stock under Bar Harbor Bankshares (and subsidiaries) Incentive Stock Plan of 2000.
(2) 2130 options become exercisable with respect to 5 equal annual increments starting on 10/31/2004 and expire on 10/31/2011.
(3) 600 options become exercisable with respect to 3 equal annual increments starting on 8/20/2005 and expire on 8/20/2012.
(4) 7000 options become exercisable with respect to 7 equal annual increments starting on 12/21/2005 and expire on 12/21/2014.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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