8-K
BAR HARBOR BANKSHARES (BHB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 23, 2020
BAR HARBOR BANKSHARES
(Exact Name of Registrant as Specified in its Charter)
| Maine | 001-13349 | 01-0393663 | |||
|---|---|---|---|---|---|
| (State or Other Jurisdiction)<br><br>of Incorporation) | (Commission File No.) | (I.R.S. Employer<br><br>Identification No.) | PO Box 400 | 04609-0400 | |
| --- | --- | ||||
| 82 Main Street | (Zip Code) | ||||
| Bar Harbor, Maine | |||||
| (Address of Principal Executive Offices) |
Registrant’s telephone number, including area code:(207) 288-3314
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Securities registered pursuant to Section 12(b) of the Act | Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|---|
| Common Stock, par value $2.00 per share | BHB | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01 | Other Events |
|---|
On January 23, 2020 as part of the press release filed hereto as Exhibit 99.1, Bar Harbor Bankshares announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.22 per share to shareholders of record at the close of business on February 18, 2020 and payable on March 18, 2020.
| Item 9.01 | Financial Statements and Exhibits |
|---|---|
| (a) | Financial Statements of Businesses Acquired. Not applicable. |
| --- | --- |
| (b) | Pro Forma Financial Information. Not applicable. |
| --- | --- |
| (c) | Shell Company Transactions. Not applicable. |
| --- | --- |
| (d) | Exhibits. |
| --- | --- |
| Exhibit No. | Description |
| --- | --- |
| 99.1 | Press Release dated January 23, 2020 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BAR HARBOR BANKSHARES | |
|---|---|
| Date: January 23, 2020 | By: /s/ Josephine Iannelli |
| Josephine Iannelli | |
| EVP & Chief Financial Officer |
Exhibit
Exhibit 99.1
Bar Harbor Bankshares Declares Quarterly Cash Dividend
BAR HARBOR, MAINE - January 23, 2020 -- Bar Harbor Bankshares (NYSE American: BHB or the “Company”), announced that its Board of Directors declared at its January 21, 2020 meeting, a quarterly cash dividend of $0.22 per share of common stock. This dividend equates to a 3.5% annualized yield based on the $25.39 closing price of the Company’s common stock at the end of the fourth quarter of 2019 and is payable to all shareholders of record as of the close of business February 18, 2020 and will be paid on March 18, 2020.
Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 130 years. Bar Harbor provides full service community banking with office locations in all three Northern New England states of Maine, New Hampshire, and Vermont. For more information, visit www.barharbor.bank.
Contact
Bar Harbor Bankshares
Josephine Iannelli
EVP, Chief Financial Officer & Treasurer
(207) 288-3314