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2018 News

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$5,000 Winner of Camden National Bank’s Spend & Win Sweepstakes Can Now Head Home for the Holidays

Camden, Maine, November 21, 2018 – Camden National Bank recently announced the Grand Prize winner of its eight-week fall sweepstakes, Spend & Win. Regan Cahalan won $5,000 for using her debit card for everyday purchases throughout the promotional period, and she celebrated her win in November with the Camden Main Office banking center.
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Finance Authority of Maine (FAME) Names Camden National Bank the 2018 “Lender at Work for Maine”

Camden, Maine, November 16, 2018 – The Finance Authority of Maine (FAME) presented Camden National Bank with the Lender at Work for Maine Award at last night’s annual Showcase Maine event in Portland. The award category was reserved for lenders with over $1.5 billion in assets. This is Camden National Bank’s ninth time as a FAME awardee, recognizing the Bank’s outstanding commitment to supporting Maine businesses and jobs. Over the past year, Camden National Bank partnered with FAME on 57 loans totaling over approximately $18 million. This, in turn, helped to create 79 Maine jobs and retain an additional 566 jobs. 
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Greenwich Associates names Camden National Bank a 2018 Greenwich CX Leader in U.S. Retail Banking

Camden, Maine, November 8, 2018 – Camden National Bank is one of five U.S. banks named a 2018 Greenwich CX Leader, a customer experience designation recently given by Greenwich Associates, leading global provider of market intelligence and advisory services to the financial services industry. The only Maine-based bank among those named this year, Camden National Bank was one of two banks recognized specifically in the U.S. Retail Banking category.
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Camden National Bank Relocates to Bill & Joan Alfond Main Street Commons in Partnership with Colby College

Camden, Maine, November 5, 2018 – Earlier today, Camden National Bank held an official Ribbon Cutting Ceremony to celebrate the opening of their new banking center at 150 Main Street in Waterville, Maine. The new 3,500 square-foot banking center is located on the ground floor of the Bill & Joan Alfond Main Street Commons, at the corner of Main and Temple Streets. Camden National Bank’s previous location at 33 Main Street was purchased by Colby College earlier this year.
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37 nonprofits have now received $130,000 in donations through Camden National Bank’s Leaders & Luminaries Awards

Camden, Maine, November 1, 2018 – On Wednesday, October 31st, Camden National Bank recognized six outstanding nonprofit board leaders with 2018 Leaders & Luminaries Awards and $22,000 in grants to their respective organizations. The Awards Luncheon took place during Maine Association of Nonprofits’ sold-out Executive Leadership Forum, ‘The Secret Sauce to Boardroom Success: Culture and Dynamics.’ Since the Leaders & Luminaries Awards began in 2011, Camden National Bank has now given $130,000 to 37 Maine nonprofits through its private charitable foundation, The Bank of Maine Foundation.
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Camden National Bank Donates $2,500 to Midcoast Homeless Shelters as Part of Customer Appreciation Week

Camden, Maine, October 15, 2018 – Camden National Bank recently donated a total of $2,500 to Hospitality House and New Hope for Women in conjunction with its Midcoast Customer Appreciation Week. The donation is part of the Bank’s unique hope@home initiative which supports the vital work of shelters in our communities. Since the program’s inception, the Bank has now donated over $40,000 total to Hospitality House and New Hope for Women.
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Camden National Bank names Heather Durrell Robinson, CPA, SHRM-SCP, Senior Vice President, Chief Human Resources Officer

Camden, Maine, October 12, 2018 – Heather Durrell Robinson recently joined Camden National Bank as Senior Vice President, Chief Human Resources Officer. A Certified Public Accountant (CPA) and Certified member of the Society of Human Resources Professionals (SHRM-SCP), Robinson brings over 20 years of experience in Human Resources and Finance. In her new role, she will be responsible for the leadership and strategic direction of Camden National Bank’s Human Resources department, including Compensation and Benefits, Talent Acquisition, Employee Relations and Learning and Development.
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Camden National Bank introduces online small business borrowing with launch of BusinessTouchTM
Camden, Maine, October 9, 2018 – Camden National Bank announced today the launch of BusinessTouch, a new online loan application system designed to make the borrowing process faster and easier for businesses. The system will provide instant decisions on approvals for loans up to $75,000 and for lines of credit up to $25,000. Once a loan is approved, the customer will work with one of Camden National Bank’s business lenders to fund the loans, a process that can happen in as little as one business day. Camden National Bank is the first Maine-based bank to offer an instant decision via a digital loan application.
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Camden National Bank Provides Significant Growth Opportunities for Employees

Camden, Maine, October 4, 2018 – Camden National Bank recently recognized outstanding employees in Camden, Maine with significant promotions in their retail department. Aline Taylor was promoted to Vice President, Retail Sales and Service Delivery Manager; Jody Landrith was promoted to Vice President, Retail Sales and Service Coach; and Mark O’Donal to Assistant Vice President, Banking Center Manager at the Camden Main Office.
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Camden National Wealth Management grows with addition of Stephen Olore and Patrick White-Thomson, CFA, CAIA

Camden, Maine, October 2, 2018 – Stephen Olore and Patrick White-Thomson recently joined Camden National Wealth Management’s growing Portfolio Management team. As Senior Vice President, Director of Technical Research & Analysis, Olore brings over 30 years of investment experience. White-Thomson brings over 10 years of investment experience to his new role as Vice President, Portfolio Manager. 
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Camden National Bank Employees Donate $2,500 to Good Shepherd Food Bank

Camden, Maine, September 27, 2018 – This month, Camden National Bank employees presented a special $2,500 donation to Good Shepherd Food Bank at a public event hosted by the Camden Public Library. The gift came from the Bank’s unique employee fundraising initiative called Community Spirit of Giving (CSOG).
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15 Camden National Bank Employees Receive Annual Recognition Awards

Camden, Maine, September 20, 2018 – On Monday, September 17th, Camden National Bank held its annual Employee Appreciation Event at the Augusta Civic Center. Over 500 employees traveled from as far north as Calais, Maine and as far south as Braintree, Massachusetts to attend. During the event, all employees were thanked and celebrated, and 15 outstanding employees received awards for their impressive commitment to Camden National Bank, customers, employees, shareholders and the community.
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Stephen Matteo Promoted to Senior Vice President, Commercial Market Manager at Camden National Bank

Camden, Maine, September 13, 2018 – Stephen Matteo has been promoted to Senior Vice President, Commercial Market Manager at Camden National Bank. In his new role, he will lead commercial banking business efforts in Midcoast Maine, and he will be instrumental in developing long-lasting partnerships with the Bank’s existing and future business customers.
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Camden National Bank to grant $20,000 to Maine nonprofits through the 2018 Leaders & Luminaries Awards

Camden, Maine, August 02, 2018 – Camden National Bank announced that they will award a total of $20,000 to four Maine-based nonprofits through their 2018 Leaders & Luminaries Awards. The program recognizes the importance and impact of nonprofit board members who dedicate themselves to making their nonprofit organizations stronger through strategic leadership. Since 2011, Camden National Bank has now awarded $107,000 to Maine nonprofits on behalf of 31 outstanding board leaders.
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Camden National Corporation Grows its Board of Directors with Election of Marie McCarthy, Chief Operations and People Officer of L.L.Bean

Camden, Maine, July 31, 2018 – The Board of Directors of Camden National Corporation (NASDAQ: CAC) today announced the appointment of Marie McCarthy as an independent director of the company, effective immediately. She currently serves as Chief Operations and People Officer of L.L.Bean, where she’s worked since 1993.
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Camden National Bank Continues to Grow Mortgage Lending Presence in Massachusetts and New Hampshire

Camden, Maine, June 19, 2018 – Camden National Bank recently announced the three newest members of its mortgage banking team: Kevin P. McGoff, Michael Gillis and Heath Mink, who will serve customers from Boston to Southern New Hampshire. As Camden National Bank expands its footprint with lending offices based out of Braintree, MA, Portsmouth, NH and Manchester, NH, it has seen increased lending demand in those southern markets.
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Camden National Bank announces $5,000 grand prize winner of its sweepstakes for customers

Camden, Maine, June 13, 2018 - Camden National Bank recently announced the Grand Prize winner of its spring sweepstakes, Swipe Sweeps. Kyle Veillette, a young man from Carmel, Maine, won $5,000 in May for using his debit card throughout the promotional period. Over the course of the two-month sweepstakes, Camden National Bank awarded 39 other customers with $100 each, totaling over $8,000 in prizes. The winning customers ranged from 20 to 78 years old and were located across Maine and as far away as Washington, D.C. to Washington State.
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Joshua Tainter promoted to Assistant Vice President, Commercial Banking Officer at Camden National Bank

Camden, Maine, June 12, 2018 – Camden National Bank has recently promoted Joshua Tainter to Assistant Vice President, Commercial Banking Officer. In his new role, Josh will handle the commercial banking needs of businesses in Central Maine. In addition to serving his current customer base, he will also be responsible for assisting new Camden National Bank customers.

 
 
Camden National Bank names Donna Ehrler Senior Vice President, Director of Commercial Banking for the New Hampshire region

Camden, Maine, June 12, 2018 – Donna M. Ehrler was recently named Senior Vice President, Director of Commercial Banking for the New Hampshire region. Ehrler brings over 35 years of corporate banking experience, and she will be responsible for cultivating Camden National Bank’s commercial lending business in its growing New Hampshire and Northern Massachusetts markets. 
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Camden National Bank names Jody Hamilton VP, Retail Regional Manager, Southern Markets

Camden, Maine, May 16, 2018 – Jody Hamilton was recently named Vice President, Retail Regional Manager for Camden National Bank’s southern Maine market with nine banking centers from York to Bath. Originally from the city of Portland, Hamilton brings over 20 years’ experience in the financial services industry in Maine.

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Camden National Corporation Reports Record Quarterly Net Income of $12.8 Million

Camden, Maine, April 24, 2018 – Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $4.1 billion bank holding company headquartered in Camden, Maine, reported net income for the first quarter of 2018 of $12.8 million and diluted earnings per share ("EPS") of $0.82 per share, representing increases over the first quarter of 2017 of 27% and 28%, respectively.

 
Camden National Corporation Elects Robin A. Sawyer, CPA, to Board of Directors

Camden, Maine, April 24, 2018 – Robin A. Sawyer was elected to the Board of Directors of Camden National Corporation on April 24, 2018. A certified public accountant and a designated “Financial Expert” under the NASDAQ rules, Sawyer is currently President and CEO of Apex Financial Consulting, where she provides contract CFO services to companies in need of interim financial assistance. Sawyer will chair the Capital Committee and serve on the Compensation Committee for Camden National Corporation. She will also join as a Board Director for Camden National Bank.
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Camden National Bank Partners with Colby College in the Revitalization of Downtown Waterville

Camden, Maine, April 10, 2018 – Camden National Bank announced it has signed a purchase and sale agreement with Elm City 9, LLC, a Colby-owned affiliate company, on the property located at 33 Main Street, Waterville. The banking center will relocate to 150 Main Street, recently named the Bill and Joan Alfond Main Street Commons, which is slated to open in August 2018, as a mixed-use building for retail space, college housing, and a public community room.

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Camden National Bank Expands Footprint in New Hampshire with New Loan Office in Portsmouth

Camden, Maine, March 12, 2018 – Camden National Bank continues to grow south with a newly opened loan office in Portsmouth, New Hampshire. With other loan offices in Manchester, NH and Braintree, MA, Camden National Bank now has three locations outside of Maine. The new loan office will serve as a hub for consumer and business loan production in Southern New Hampshire. 

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Camden National Bank Donates Over $7,500 to Maine High Schools in Basketball State Championships

Camden, Maine, March 06, 2018 – During the excitement of the Maine State Basketball Championships, Camden National Bank announced they would be supporting the boys and girls teams within its footprint who made it into the 2018 championship games. The donations were dedicated to making game tickets or bus transportation free for students so that they could cheer on their teams. Camden National Bank has carried on this tradition for nine years now, and this year they donated over $7,500.
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Audrey Klein-Leach Named Client Advisor at Camden National Wealth Management 

Camden, Maine, March 02, 2018 – Camden National Wealth Management continues to grow with the addition of its newest Vice President, Client Advisor, Audrey Klein-Leach. Klein-Leach brings over 25 years of experience stewarding client relationships, overseeing trust administration and developing effective wealth management strategies. She joins Camden National Wealth Management in Camden, Maine and will serve Midcoast clients.
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Camden National Bank Launches Pay Up: a New Person-To-Person Payment Service 

Camden, Maine, February 14, 2018 – Last week, Camden National Bank launched their newest innovation in consumer banking services: Pay Up. A person-to-person payment system, Pay Up makes squaring up with friends and family as fast as a debit card payment. The service is free, safe and easy to use through Camden National Bank’s online and mobile banking platforms. Funds can be sent to almost anyone with a U.S. bank account, and the payment is available for the recipient to accept using their own debit card or account information within minutes.
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Camden National Corporation Reports 2017 Fourth Quarter Financial Results 

Camden, Maine, January 30, 2018 - Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $4.1 billion bank holding company headquartered in Camden, Maine, reported net income for 2017 of $28.5 million and diluted earnings per share ("EPS") of $1.82 per share, compared to $40.1 million and $2.57 per share, respectively, a year ago. In the fourth quarter of 2017, the Tax Cuts and Jobs Act of 2017 (the "Tax Act") was passed, and the Company recognized $14.3 million of additional income tax expense upon the revaluation of its deferred tax assets and liabilities. The Company's 2017 adjusted operating income1, which excludes the effect of the Tax Act, was $42.7 million, representing an increase of 7% over last year. 
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Camden National Bank Introduces TreasuryLinkTM : a Secure Online Banking Tool for Business Customers 

Camden, Maine, January 18, 2018 – Camden National Bank recently launched TreasuryLink – an enhanced, comprehensive and secure online banking platform for business customers to manage and integrate the treasury process. With TreasuryLink, businesses can control user permissions, run customizable reports, and automate alerts from any device. The platform enhances the product suite and personalized service offered by Camden National Bank’s Treasury Management and Commercial Banking teams. 
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Camden National Bank Announces Significant Long-Term Investments in Employees, Customers and Community

Camden, Maine, January 11, 2018 - Camden National Corporation (NASDAQ: CAC; “Camden National”) the parent company of Camden National Bank, announced that as a result of the recently enacted tax reform, it will make strategic investments in line with its core values in order to benefit employees and the customers and communities they serve. 
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