CNC Added to ABA NASDAQ Community Bank Index
Camden National Corporation (CAC) Added to the Prestigious ABA NASDAQ Community Bank Index - 5/30/2008
CAMDEN, Maine, May 30, 2008 -
Camden National Corporation (NASDAQ: CAC; the "Company") announced today that it has been added to the ABA NASDAQ Community Bank Index, the nation's most broadly representative stock index for community banks. The Index includes approximately 500 community banks with a combined market capitalization in excess of $140 billion.
"We are enthusiastic about being included in the ABA NASDAQ Index," said Camden National Corporation President and Chief Executive Officer Robert W. Daigle. "We believe being part of the Index will bring our bank added visibility and recognition on Wall Street. Since 1875, Camden National has been well known in our community for meeting the financial needs of the market we serve; now we will become better known among investors and stock analysts."
Camden National Corporation is a bank holding company based in Camden, Maine with total assets of $2.3 billion as of March 31, 2008. Its principal operating subsidiaries are Camden National Bank, a full-service community bank with 37 banking offices serving coastal, western, central, and eastern Maine, and Acadia Trust, N.A., offering investment management and fiduciary services throughout Maine and New England.
Camden National Corporation is a proud member of the American Bankers Association, the nation's largest banking trade association that represents over 95% of the banking industry's $12.7 trillion in assets. The new ABA represents banks of all charters and sizes on issues of national importance for financial importance for financial institutions and their customers. Intraday pricing of the Index and each of the banks on the Index, including Camden National Corporation, is available daily through the American Bankers Association's Web site at www.aba.com and other financial data vendors.
About Camden National Corporation
Camden National Corporation, ranked in the top 20 in USBanker's 2008 list of top-performing mid-tier banks, headquartered in Camden, Maine, and listed on the NASDAQ® Global Select Market ("NASDAQ") under the symbol CAC, is the holding company employing 440 Maine residents for two financial services companies, including Camden National Bank (CNB), a full-service community bank with a network of 37 banking offices serving coastal, western, central, and eastern Maine, and Acadia Trust, N.A., offering investment management and fiduciary services with offices in Portland, Bangor, and Ellsworth. Acadia Financial Consultants is a division of CNB, offering full-service brokerage services.
Statements in this news release concerning future results, performance, expectations or intentions are forwar-looking statements. Actual results, performance or developments may differ materially from forward-looking statements as a result of known or unknown risks, uncertainties, and other factors, including those identified from time to time in the Company's other filings with the Securities and Exchange Commission, press releases and other communications. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of said safe harbor provisions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Except as required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
For more information, contact Suzanne Brightbill, Public Relations Officer, Camden National Corporation at 207.230.2120 or visit our Web site at CamdenNational.com.
