-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 w/jdp9r5Y88PbRCt+assJA==

<SEC-DOCUMENT>0000791447-09-000002.txt : 20090911
<SEC-HEADER>0000791447-09-000002.hdr.sgml : 20090911
<ACCEPTANCE-DATETIME>20090911114745
ACCESSION NUMBER:		0000791447-09-000002
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Securities Act Section 4(6)
FILED AS OF DATE:		20090911
DATE AS OF CHANGE:		20090911
EFFECTIVENESS DATE:		20090911

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BORDER BANCSHARES INC
		CENTRAL INDEX KEY:			0000791447
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		STATE OF INCORPORATION:			ME
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-95189
		FILM NUMBER:		091064587

	BUSINESS ADDRESS:	
		STREET 1:		NICHOLS RD
		STREET 2:		P O BOX 400
		CITY:			JACKMAN
		STATE:			ME
		ZIP:			04945
		BUSINESS PHONE:		2076682251
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000791447</cik>
        <entityName>BORDER BANCSHARES INC</entityName>
        <issuerAddress>
            <street1>227 WATER STREET</street1>
            <street2></street2>
            <city>AUGUSTA</city>
            <stateOrCountry>ME</stateOrCountry>
            <zipCode>04330</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>207-622-0038</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>MAINE</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>RODNEY</firstName>
                <middleName>N.</middleName>
                <lastName>ROLFE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ROBERT</firstName>
                <middleName>C.</middleName>
                <lastName>DAVIS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOSEPH</firstName>
                <middleName>WALLACE</middleName>
                <lastName>BISSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>WILLIAM</firstName>
                <middleName>J.</middleName>
                <lastName>HAGERTY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>EDWIN</firstName>
                <middleName>S.</middleName>
                <lastName>HARVEY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>EARLE</firstName>
                <middleName>F.</middleName>
                <lastName>HARVEY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>PAUL</firstName>
                <middleName>E.</middleName>
                <lastName>MCFARLAND</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>AUGUST</firstName>
                <middleName>A.</middleName>
                <lastName>OLIVEIRA</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>REGINALD</firstName>
                <middleName>E.</middleName>
                <lastName>PERRY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>RONALD</firstName>
                <middleName>W.</middleName>
                <lastName>STODDARD</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>227 WATER STREET</street1>
                <street2></street2>
                <city>AUGUSTA</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04330</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Banking and Financial Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>46</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1500000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>1500000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Proceeds will be provided to Issuer's subsidiary Border Trust Company as Tier 1 Capital.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>BORDER BANCSHARES INC</issuerName>
                <signatureName>Alistair Y. Raymond</signatureName>
                <nameOfSigner>Alistair Y. Raymond</nameOfSigner>
                <signatureTitle>Authorized Attorney</signatureTitle>
                <signatureDate>2009-09-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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