Bar Harbor Bankshares (the “Company”) (NYSE MKT: BHB) the parent company
of Bar Harbor Bank & Trust, today announced that it has been added to
the Russell 2000 and Russell 3000 indices effective after the stock
market close of June 22, 2012.
The indices are comprised of publicly traded companies who meet the
criteria of the indices. Member companies are drawn from the 4000
largest companies meeting the indices’ criteria as of the end of each
May and are added or deleted annually as the indices are reconstituted
each June. Russell determines membership for its equity indices
primarily by objective market capitalization rankings and style
attributes. The Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for both
passive and active investment strategies.
In making the announcement, Bar Harbor Bankshares President & CEO,
Joseph M. Murphy said, “We are very pleased with the Company’s inclusion
in these widely-recognized indices. We believe that the Company’s
inclusion reflects well upon its earnings and stock price performance
during a difficult period for the financial services sector and the
economy in general.”
About Bar Harbor Bankshares
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 twelve branch office
locations serving downeast and midcoast Maine.