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News and Updates

Camden National Bank Receives the 2019 U.S. Small Business Administration (SBA) District Director Award for Exceptional Dedication to Small Business Growth in Maine

Camden, Maine, November 15, 2019 – The U.S. Small Business Administration (SBA)’s Maine District Office presented Camden National Bank with the 2019 District Director Award today at its lender awards ceremony in Augusta. SBA leadership in Maine determines the award recipient, a lender which has made significant efforts to increase the use of SBA loans in their portfolio and the access to capital for small businesses in the previous fiscal year.
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Camden National Bank recognizes six Maine nonprofit board directors and their organizations with 2019 Leaders & Luminaries Awards and $22,000 in grants

Camden, Maine, November 12, 2019 – Camden National Bank recognized six nonprofit board directors with 2019 Leaders & Luminaries Awards and $22,000 in grants for their respective organizations. The awards breakfast took place during Maine Association of Nonprofits’ executive forum, “Focus on Strategic Board Recruitment: Connecting People with Purpose.”
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Camden National Bank Donates $25,000 to Rockport’s New Library

Camden, Maine, November 6, 2019 – Camden National Bank recently announced a major gift to Rockport’s new library building campaign and presented the Rockport Library Foundation with a $25,000 donation.
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Camden National Bank Commits $15,000 to the Olympia Snowe Women’s Leadership Institute

Camden, Maine, October 31, 2019–Camden National Bank announced a $15,000 donation to the Olympia Snowe Women’s Leadership Institute (“OSWLI”) to support programming for Maine high school girls. Deeply committed to the vision and mission of OSWLI, seven Camden National Bank employees are now serving as Olympia’s Leaders Advisors (OLAs), working with 70 high school girls across Maine throughout the three-year program. In total this year, the Institute will serve 540 young women from 36 partner schools across all 16 counties of Maine.
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Camden National Corporation Reports a 3% Increase in Third Quarter 2019 Earnings Over Last Year

Camden, Maine, October 29, 2019– Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $4.5 billion bank holding company headquartered in Camden, Maine, reported net income for the third quarter of 2019 of $14.5 million, an increase of 3% over the third quarter of 2018, and diluted earnings per share ("EPS") of $0.94, an increase of 4% over the same period. For the third quarter of 2019, the Company's return on average assets was 1.29% and return on average equity was 12.26%.
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Sven Bartholomew Joins Camden National Bank as Senior Vice President, Business Banking Segment Leader

Camden, Maine, October 17, 2019– Camden National Bank announced that Sven Bartholomew has joined as Senior Vice President, Business Banking Segment Leader. He brings more than 14 years of experience developing and leading teams, cultivating new relationships, and acting as a trusted financial partner to many Maine businesses and government entities. In his new role, Bartholomew will lead a team which supports and advises business customers across the bank’s footprint.
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Camden National Bank Donates $30,000 to Midcoast Recreation Center for 6U Hockey Program

Camden, Maine, October 8, 2019– Camden National Bank announced a $30,000 donation to Midcoast Recreation Center (MRC) to continue providing support for the 6U youth hockey program. Since 2009, the bank has been a loyal corporate partner and sponsor of MRC, where 400 participants enjoy hockey programming each year, and approximately 7,000 people of all ages join public skating hours.
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Camden National Corporation Selected for the Sandler O'Neill Sm-All Stars Class of 2019

Camden, Maine, September 25, 2019 – Camden National Corporation (NASDAQ: CAC), the parent company of Camden National Bank, has been named to the Sandler O’Neill Sm-All Stars Class of 2019. Camden National was one of 30 publicly traded banks and thrifts – and the only bank headquartered in New England – to be recognized.
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14 Camden National Bank Employees Receive Annual Recognition Awards

Camden, Maine, September 23, 2019 – On Thursday, September 19th, Camden National Bank held its annual Employee Appreciation Event at the Augusta Civic Center. Over 550 employees traveled from as far away as Calais, Maine and Braintree, Massachusetts to attend. Throughout the celebration, employees recognized each other for an incredible year and 14 outstanding employees received awards for their impressive commitment to Camden National Bank’s customers, employees, and communities.
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Camden National Bank Announces Relocation to New, State-of-the-Art Banking Center in Damariscotta

Camden, Maine, September 9, 2019 – Camden National Bank announced the start of construction on a 2,700 square-foot, state-of-the-art banking center at 435 Main Street in Damariscotta. The new location is scheduled to open in spring 2020* when the bank’s Damariscotta staff and customers will transition to the new location just a mile down the road from their current space at 4 Coastal Market Drive.
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Ryan Smith Promoted to Senior Vice President, Director of Credit Administration at Camden National Bank

Camden, Maine, August 6, 2019 – Camden National Bank announced that Ryan Smith was promoted to Senior Vice President, Director of Credit Administration. With over 23 years of banking and finance experience, Smith brings extensive knowledge of commercial lending, business banking and treasury management services. In his new role, he will be responsible for managing the bank’s credit group, as well as its underwriting process and policies to maintain the bank’s exceptional loan portfolio quality and risk management. Smith will also chair the bank’s Senior Credit Committee.
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Camden National Corporation Reports an 8% Increase in Second Quarter 2019 Earnings

Camden, Maine, July 30, 2019 – Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $4.4 billion bank holding company headquartered in Camden, Maine, reported net income for the second quarter of 2019 of $13.2 million, an increase of 8% over the second quarter of 2018, and diluted earnings per share ("EPS") of $0.85, an increase of 9% over the same period. For the second quarter of 2019, the Company's return on average assets was 1.21% and return on average equity was 11.63%.
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Christopher Rugullies Promoted to Senior Vice President, Commercial Banking Officer at Camden National Bank

Camden, Maine, July 22, 2019 – Camden National Bank announced that Christopher Rugullies was promoted to Senior Vice President, Commercial Banking Officer. Rugullies, who brings over 17 years of experience in banking and six years at Camden National Bank, will support the needs of existing business and nonprofit clients in Southern Maine while identifying growth opportunities for Camden National Bank in the Lewiston-Auburn area.
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Camden National Bank Announces $250,000 Commitment to Pen Bay Medical Center's New Health Center in Rockport

Camden, Maine, July 11, 2019 – Camden National Bank announced a $250,000 commitment to Pen Bay Medical Center to provide early funding for the construction of a new 41,513-square-foot health center at the hospital’s campus in Rockport. Hospital and bank staff, trustees and community members gathered at the groundbreaking ceremony to celebrate the start of the project.
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Camden National Bank Is Now Accepting Nominations for the 2019 Leaders & Luminaries Awards

Camden, Maine, June 25, 2019–Camden National Bank announced that they are now accepting nominations for the 2019 Leaders & Luminaries Awards. This year, the bank will award a total of $20,000 to four local nonprofits on behalf of board directors who demonstrate passion, innovation and resourcefulness in their board service, fostering organizational success and sustainable board governance. Since 2011, Camden National Bank has awarded $130,000 to Maine nonprofits on behalf of 37 outstanding board leaders.
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Camden National Bank Employees Donate $13,000 to Good Shepherd Food Bank

Camden, Maine, June 18, 2019– Camden National Bank employees announced that they are making a $13,000 donation to Good Shepherd Food Bank. The employee-raised funds come from snack sales at multiple bank operations centers, plus other fundraisers throughout the year. The donation will go towards the food bank’s $5 million Food for All capital campaign, dedicated to transforming its Hampden facility into a food storage and distribution center for statewide hunger relief.
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Barbara Raths Joins Camden National Bank as SVP, Senior Treasury Management Sales Advisor 

Camden, Maine, May 30, 2019– Camden National Bank announced that Barbara Raths has joined as Senior Vice President, Senior Treasury Management Sales Advisor. In her new role, she will serve as the bank’s International Treasury Specialist and deliver banking solutions to clients operating in complex payment environments. With over 15 years of cross-sector experience in financial and payment services, Raths is an expert in complex treasury operations, debt and cash management, corporate finance, public finance, and international payment risk management.
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Camden National Corporation Reports an 11% Increase in First Quarter 2019 Earnings

Camden, Maine, April 30, 2019 – Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $4.4 billion bank holding company headquartered in Camden, Maine, reported net income for the first quarter of 2019 of $14.3 million and diluted earnings per share ("EPS") of $0.91, representing increases over the first quarter of 2018 of 11%. The Company's return on average assets was 1.33% and return on average equity was 13.13% for the first quarter of 2019.
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Camden National Bank Names Geoffrey T. Grayson Senior Vice President, Retail Regional Manager for Southern Markets

Camden, Maine, April 22, 2019 – Geoffrey T. Grayson was recently named Senior Vice President, Retail Regional Manager for Camden National Bank’s southern market with nine banking centers from York to Bath, Maine. Grayson brings over ten years of leadership experience in the banking industry, and in his new role, he is responsible for leading growth strategies, community partnerships and employee success across southern Maine.
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Pamela C. Kenniston Promoted to Senior Vice President, Senior Retail Loan Officer at Camden National Bank

Camden, Maine, April 22, 2019 – Camden National Bank announced that Pamela C. Kenniston was promoted to Senior Vice President, Senior Retail Loan Officer. A native of Camden, Maine, Kenniston has been helping Camden National Bank customers for nearly 30 years. In her role, she supports new and existing borrowers in Midcoast Maine to fulfill residential, commercial and consumer lending needs.
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Camden National Bank Names Marc G. Carbonneau Senior Vice President, Commercial Banking Officer

Camden, Maine, April 22, 2019 – Camden National Bank announced that Marc G. Carbonneau has joined the Commercial Banking team as Senior Vice President, Commercial Banking Officer in New Hampshire. In his new role, he will support clients with credit and cash management solutions in the Seacoast, New Hampshire and Merrimack Valley, Massachusetts regions.
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Kim Vieira Promoted to Senior Vice President, Commercial Banking Officer at Camden National Bank

Camden, Maine, April 04, 2019 – Camden National Bank announced that Kim Vieira was promoted to Senior Vice President, Commercial Banking Officer. Vieira, who has served with Camden National Bank and previously the Bank of Maine for nine years, is responsible for business development and client support in York County, Maine.
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Camden National Bank helped nearly 1,000 Maine high school students cheer on teams at the 2019 Basketball State Championships

Camden, Maine, March 06, 2019 – This past weekend, Camden National Bank provided donations to six Maine high schools, located in the communities where it has banking centers, that competed in the 2019 Boys and Girls Basketball State Championships. The support made it possible for nearly 1,000 students to attend this year’s games in Portland, Bangor and Augusta and cheer on their friends and classmates. Camden National Bank has now carried on this community tradition for 10 years, donating approximately $50,000 total to Maine high schools and enabling over 10,000 students to attend over 70 Championship Games for free.
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