Camden National Corporation Reports a 6% Increase In Second Quarter 2017 Net Income Over Last Year
CAC reported net income for the second quarter of 2017 of $10.2 million and diluted earnings per share ("EPS") of $0.66 per share, each representing an increase over the second quarter of 2016 of 6%.
Camden National Bank to award $20,000 to Maine nonprofits through Leaders & Luminaries Awards
Camden, Maine, June 8, 2017 – Camden National Bank Camden National Bank announced this week they will award a total of $20,000 to five Maine-based nonprofits through their annual Leaders & Luminaries Awards. As part of this initiative, the Bank proudly recognizes the importance and impact of nonprofit board members who dedicate themselves to making their nonprofit organization stronger through strategic leadership. Since the inception of the program in 2011, $85,000 has been awarded to nonprofit organizations throughout the state of Maine.
Camden National Bank Names Nicole Gogan to Treasury Management Team
Camden, Maine, June 1, 2017 – Camden National Bank welcomes Nicole Gogan as Assistant Vice President, Treasury Management Sales Advisor & Government Banking to its growing treasury management team. Gogan will work with commercial, nonprofit and municipal clients located throughout the Bangor, Downeast and Midcoast Regions, providing guidance on cash flow management, reducing payment costs and creating anti-fraud plans with our suite of products.
Camden National Bank awards LifeFlight $10,000 to support annual swim across Penobscot Bay
Camden, Maine, May 2, 2017 – Camden National Bank announces $10,000 donation to LifeFlight of Maine’s annual summer fundraiser, Islesboro Crossing for LifeFlight. The open water swim across Penobscot Bay raises funds to support LifeFlight’s vision of providing critical care and medical transport to every person and every community across the state of Maine.
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Craig N. Denekas of the Libra Foundation Joins Camden National Corporation’s Board of Directors
Camden, Maine, May 1, 2017 – The Board of Directors of Camden National Corporation (NASDAQ®: CAC; “Company” or “Camden National”) today announced the appointment of Craig N. Denekas, Chairman and Chief Executive Officer of the Libra Foundation as an independent director of the firm, effective immediately.
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Tim Nightingale of Camden National Bank Confirmed by Legislature as FAME Board Member
Camden, Maine, April 11, 2017 – Governor Paul LePage recently nominated and the Maine Legislature subsequently confirmed Tim Nightingale to the commercial lender seat on the Finance Authority of Maine (FAME) board of directors. With over 35 years of commercial banking industry experience, Nightingale currently serves as Executive Vice President & Senior Loan Officer at Camden National Bank.
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Camden National Bank launches 15 minute mortgage application called MortgageTouch
Camden, Maine, April 4, 2017 – Camden National Bank announces MortgageTouch, a new, fast and secure digital mortgage application that makes home borrowing easier and more efficient than ever before, a first for a Maine-based bank. In as little as 15 minutes, a mortgage application can be completed with the touch of a fingertip which takes the complexity and paperwork out of the process. The new technology enhances the personalized service that Camden National Bank’s experienced mortgage specialists currently provide to customers.
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Camden National Bank Continues Southern Market Expansion with Addition of Victoria Gray as Commercial Banking Officer
Camden, Maine, March 23, 2017 – Camden National Bank welcomes Victoria Gray as Vice President, Commercial Banking Officer to its growing commercial team. In her role, Gray will work with commercial clients located in the Seacoast Region of New Hampshire and the North Shore of Massachusetts, providing them with essential products and services needed to meet their financial goals and to achieve business growth.
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Camden National Bank Adds Talent to Central Maine Commercial Lending Team
Camden, Maine, March 16, 2017 – Camden National Bank is pleased to announce the addition of Jean Claveau as Vice President, Commercial Banking Officer. Claveau comes to the Bank after working in commercial lending at both Bangor Savings Bank and Androscoggin Bank. Earlier in his career, Claveau served as Retail Production Manager at Camden National Bank’s office in Rockport.
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Camden National Bank Donates Over $10,000 for High School Students to Support Teams in State Championships
Camden, Maine, March 13, 2017 – As a community bank with locations across the state of Maine, giving back to local communities within our footprint is important to us. What better way to support the areas we serve than to take part in hometown high school sports that promote wellness, school spirit and community.
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Camden National Bank Names David C. Peterson Commercial Banking Officer
Camden, Maine, February 21, 2017 Camden National Bank announced today that David C. Peterson has joined as Senior Vice President, Commercial Banking Officer out of the Manchester, N.H. office. In this new position, Peterson will be responsible for commercial business development in New Hampshire and the northern region of Massachusetts.
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Camden Financial Consultants Welcomes Carl D. Marsh to Southern Maine Team
Camden, Maine, February 21, 2017 Carl D. Marsh has joined Camden Financial Consultants, as Assistant Vice President, Financial Consultant. Camden Financial Consultants is located at Camden National Bank and offers access to full-service investment and insurance services. Based in the Southern Maine area, Marsh will be assisting clients with their current and future financial needs, such as retirement planning, investing and estate planning.
Camden National Bank Announces Bangor and Downeast Leadership
Camden, Maine, February 21, 2017 Camden National Bank is pleased to announce new leaders of the Bank’s Bangor Commercial group and Downeast Retail group. James Adsit has joined the Bank as Senior Vice President & Director of Commercial Banking for the Bangor and Downeast Regions. In this position, he will lead a commercial banking team providing financing and cash management solutions to businesses and commercial customers throughout the region.
Camden National Corporation Fourth Quarter Earnings Report
Camden, Maine, January 31, 2017 Camden National Corporation a $3.9 billion bank holding company headquartered in Camden, Maine, reported net income for the fourth quarter of 2016 of $10.9 million and diluted earnings per share ("EPS") 1 of $0.70 per share, which was consistent with the previous quarter's performance.
Camden National Bank Sponsors $2,250,000 in Subsidies for Three Affordable Housing Initiatives
Camden, Maine, January 19, 2017 –The Federal Home Loan Bank of Boston announced in December that it would distribute $17.5 million in subsidies to finance 13 affordable housing initiatives throughout the state of Maine. Camden National Bank was recently awarded direct subsidy funding for three of the 13 initiatives, which will provide nonprofit organizations with a total of $2,250,000 to develop or renovate affordable housing throughout the state, representing 84 units.
Camden National Corporation Names Lawrence Sterrs as Vice Chair of the Board of Directors
Acadia Trust, N.A. Combination
Camden, Maine - January 10, 2017 – The board of directors of Camden National Corporation (NASDAQ®: CAC; “Company” or “Camden National”) announced that Lawrence (Larry) J. Sterrs has been named Vice Chair of the board of directors. Sterrs was elected to the Company’s board of directors in January 2015 and serves as a member of both the Compensation and Technology committees. He also recently became a member and Vice Chair of the board of directors for Camden National Bank, the Company’s wholly-owned subsidiary.
Camden National Bank Creates Camden National Wealth Management Through
Acadia Trust, N.A. Combination
Camden, Maine and Portland, Maine – December 1, 2016 – Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ: CAC), the parent company of Camden National Bank and Acadia Trust, N.A. (“Acadia”), announced today that it successfully completed the combination of Acadia and Camden National Bank and launched a new brand “Camden National Wealth Management.”
Camden National Bank Expands Customer Service Initiatives
Camden, Maine, November 29, 2016 – Camden National Bank, a full-service community bank serving both retail and business customers across Maine and northern New England, recently announced that it expanded its customer service commitment by increasing its Customer Assistance Center hours to twenty-four hours a day, seven days a week, a first for a Maine-based community bank. Additionally, the bank has expanded its cyber-security protection with real-time debit card fraud alert offerings, adding email to the text and phone notification options already available that allow customers to quickly detect and stop fraudulent use of their debit card.
Camden National Bank Donates $20,000 to Support Area Shelters in Honor of National Hunger and Homelessness Awareness Week
Camden, Maine November 22, 2016 – Thanks to a little help from its customers, Camden National Bank was able to provide some extra support to Maine’s homeless shelters in honor of National Hunger and Homelessness Awareness Week, this November by donating a total of $20,000 to 34 shelters throughout the state. The donation was the result of a promotion aimed at increasing support and awareness for local homeless shelters during this special week. On November 12th, customers were asked to use their Camden National Bank debit card, and for every two purchases made, the Bank offered to donate $1 through its Hope@Home program, up to $20,000.
Camden National Bank Recognizes Six Nonprofit Leaders at 2016 Leaders & Luminaries Event
Portland, ME, November 14, 2016 – On Thursday, November 10th, Camden National Bank joined leaders and representatives from Maine’s nonprofit community for the 2016 Leaders & Luminaries luncheon. Held during the Maine Association of Nonprofits (MANP) Governance and Leadership Forum at The Harraseeket Inn in Freeport, the annual awards ceremony recognizes and celebrates the impact of the state’s local nonprofits and the leaders who have dedicated themselves to helping their organizations achieve their goals. This year’s Leaders & Luminaries grants totaled $22,000 in local nonprofit support which was awarded to six recipients. Four Leaders & Luminaries winners received $5,000 for their nonprofits, and two “Emerging Board Leaders” received $1,000 each for their respective organizations. Read more >
Camden National Bank Donates Historic Buildings to Gardiner Main Street to Support City’s Revitalization Efforts
Gardiner, Maine – November 3, 2016 – Camden National Bank has donated a historic block of buildings in downtown Gardiner to Gardiner Main Street in support of the city’s redevelopment efforts. Located at 149-167 Water Street in Gardiner’s National Register Historic District, the block of properties comprises 23,000 square feet in four stories and is located next to Reny’s and directly across from the Gardiner Public Library. In addition, the gift, valued at $350,000, also includes a vacant lot located at 129 Water Street. The announcement was made at a public ribbon cutting at the location on Wednesday, November 2nd. Read more >
Camden National Bank Honors 14 Employees for Exemplary Service
Camden, Maine – October 7, 2016 – Camden National Bank recently celebrated and honored the extraordinary efforts of its employees and officers at the company’s annual Employee Appreciation Event, held at the Augusta Civic Center in Augusta on September 28th. The annual event draws hundreds of employees from the bank’s 63 locations and recognizes exceptional commitment to customer service and the core values of the organization: honesty and integrity, trust, service, responsibility and excellence. Read more >
Sean Lague Joins Camden National Bank as Director of Information Technology
Portland, Maine – September 27, 2016 – Camden National Bank is pleased to announce the recent addition of Sean Lague as senior vice president and director of information technology. Based in Portland, Lague will support the Bank’s development and implementation of information technology strategies and initiatives and help to further strengthen its online and digital offerings. Read more >
Camden National Bank Recognized as ‘Business Supporter of the Year’ by Bangor Area Homeless Shelter
Bangor, ME – September 21, 2016 – The Bangor Area Homeless Shelter has recognized Camden National Bank as its “Business Supporter of the Year” for 2016 in honor of the Bank’s efforts in supporting the shelter and Maine’s homeless through its Hope@Home initiative and involvement in the annual Hike for the Homeless fundraising event. The award was presented at the Bangor shelter’s annual meeting at the Fraternal Order of Eagles Club in Brewer last night. Read more >
Camden National Bank Establishes Wealth Management Group
Camden, Maine and Portland, Maine – September 15, 2016 – Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ: CAC), the parent company of Camden National Bank and Acadia Trust, N.A. (“Acadia”), announced today that Acadia will become part of Camden National Bank and newly branded as “Camden National Wealth Management.” Mary Beth Haut, who joined Acadia in April 2016, will become managing director and executive of Camden National Wealth Management Group. Read more >
Camden National Bank Strengthens Business Banking Teams with Recent Additions, Promotion
Portland, Maine and Ellsworth, Maine – September 8, 2016 – Camden National Bank would like to announce the recent addition of two veteran Maine bankers, James Edwards and John C. Everett, most recently from People’s United Bank and KeyBank, respectively, to its Portland business banking team as well as the promotion of Scott Fernald to senior vice president, commercial banking officer, overseeing its Downeast operations. Read more >
Camden National Bank Helps Support Local Farms and Raise Funds for Central Maine Food Pantries
Augusta, Maine – September 8, 2016 – Camden National Bank partnered with Central Maine communities this summer to help raise awareness and resources for local food pantries. During the months of June, July and August, employees from the bank’s Augusta, Gardiner, Lewiston and Waterville locations attended their local farmers’ markets to help their neighbors raise funds to fight food insecurity in their areas. The bank set up at table at select markets, handed out reusable tote bags to shoppers, and offered to weigh their grocery purchases. For every pound of food a shopper purchased, Camden National Bank pledged to donate one dollar to a local food pantry. In total, market shoppers ended up raising $2,000 to help fight hunger in central Maine. Read more >
Camden National Corporation's Board Announces Three-for-Two Stock Split
CAMDEN, Maine - August 30, 2016 - Camden National Corporation (NASDAQ®: CAC; “Camden National” or the “Company”) announced today that its Board of Directors has approved a three-for-two stock split to be effected in the form of a stock dividend on the Company’s common stock. The three-for-two stock split is payable September 30, 2016, to its common shareholders of record at the close of business on September 15, 2016. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would have been entitled to receive in connection with the split, except that participants in the Company’s Dividend Reinvestment & Direct Stock Purchase and Sale Plan will have fractional shares credited to their accounts. The price paid for fractional shares will be the closing price the last trading day immediately prior to record date. Read More >
Entries for Camden National Bank’s ‘Leaders & Luminaries’ Competition Due by September 2
CAMDEN, Maine – August 11, 2016 – Camden National Bank, through The Bank of Maine Charitable Foundation, is reminding local nonprofits to get their nominations in for the 2016 Leaders & Luminaries Award competition. The statewide search honors four of Maine’s leading nonprofit board members and presents them with cash awards for their organizations. The deadline for entries is September 2, 2016. Read More >
Camden National Bank Employees Raise $9,000 to Help Fight Maine’s Growing Hunger Problem
CAMDEN, Maine - June 27, 2016 - During the months of June and July, employees from Camden National Bank are delivering donations, totaling close to $9,000, to 29 food pantries throughout the state of Maine. Funds for the donations were raised by employees, through the Bank’s employee-run community outreach program, the Community Spirit of Giving (CSOG), and will help provide meals and support to the more than 208,000 individuals in Maine who currently turn to food pantries and meal service programs for food assistance every year.
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Camden National Bank Employees Raise Close to $20,000 for Big Brothers Big Sisters of Mid-Maine
CAMDEN, Maine – June 16, 2016 – Over 170 Camden National Bank employees joined efforts to support Big Brothers Big Sisters of Mid-Maine at Bowl For Kids’ Sake events across the state this year. In total, the Bank formed 43 teams and raised a combined total of close to $20,000 to support local Big Brothers Big Sisters programs and one-to-one youth mentoring in five regions – Penobscot County, the Midcoast, Kennebec and Somerset Counties, and Androscoggin, Oxford and Franklin Counties. Read more >
Camden National Bank Underwrites Free Public Opening at New Center for Maine Contemporary Art in Rockland
ROCKLAND, Maine – June 14, 2016 – Camden National Bank is partnering with the Center for Maine Contemporary Art (CMCA) to host a free public opening for the community on Sunday, June 26th, from 2:00 p.m. to 5:00 p.m., following the official ribbon cutting and dedication. During this time, guests will be invited to explore the newly constructed 11,500-square-foot space at 21 Winter Street in Rockland and enjoy three inaugural solo exhibitions featuring the works of Jonathan Borofsky, Alex Katz and Rollin Leonard. Read more >
Camden National Bank to Honor Outstanding Leadership in Nonprofit Community - Annual Leaders & Luminaries competition will recognize four board members with awards totaling $20,000
CAMDEN, Maine – June 7, 2016 – Camden National Bank, through The Bank of Maine Charitable Foundation, is accepting nominations for the 2016 Leaders & Luminaries Award competition. The statewide search honors four of Maine’s leading nonprofit board members and presents them with cash awards for their organizations. Leaders & Luminaries recognizes board members who have effectively used inspiration, creativity and ingenuity in board governance and whose contributions have led to the organization’s growth, successful transition or financial stability. Each of the selected leaders will be presented with cash prizes totaling $20,000. Read more >
Camden National Bank Unveils Redesigned Website New CamdenNational.com features responsive design, enhanced content and clean look
CAMDEN, ME – April 6, 2016 – Camden National Bank announced the launch of a new, redesigned version of its website, www.CamdenNational.com, today. Key features of the site include a clean and simple look, a responsive, mobile-friendly design, the ability to log into online banking from any page of the site, a variety of menu options for a more engaging experience, and a new FAQ Center to help answer common questions and provide assistance on topics from across the site. Read More >
Mary Beth Haut Named President and CEO of Acadia Trust, N.A.
Portland, Maine – April 5, 2016 – Gregory A. Dufour, president and chief executive officer of Camden National Corporation, is pleased to announce that Mary Beth (Boland) Haut, CFP®, has been named president and chief executive officer of Acadia Trust, N.A., Camden National Corporation’s wealth management subsidiary. She will be based at Acadia Trust’s Portland offices, located at 5 Milk Street, and will lead all of its investment and trust services throughout Maine and New England. Read More >
Camden National Bank Delivers 2,000 ‘Hope Kits’ to Area Shelters and Communities - Customers, local businesses and banking centers join forces to support state’s homeless
Camden, ME – March 15, 2016 – Camden National Bank employees have been busy delivering a little extra “hope” to area homeless shelters and charitable organizations over the past week. In conjunction with its Hope@Home initiative, all of the Bank’s 64 locations hosted a company-wide drive during the month of February to collect urgently needed items for Maine’s homeless. Each of the “Hope Kits” included personal items, toiletries and non-perishable food items that the shelters can provide to people in need. Due to an outpouring of support from employees, customers and local businesses throughout the state, Camden National Bank was able to deliver 2,000 kits to help close to 50 area shelters and organizations that provide vital assistance to those in need in Maine. Read Me >
Camden National Bank Gives Over 1,600 Maine Students Free Tickets to
State Basketball Championships
Camden, ME – February 25, 2016 – Camden National Bank is ensuring that more than 1,600 Maine students will be cheering on their home team at the 2016 State Basketball Championship games on February 26th and 27th. This marks the seventh year that the bank has partnered with local schools to purchase tickets for students and, in some cases, help with transportation to the championship games. Read More >
Camden National Bank Collects Supplies for Maine’s Shelters
Camden, ME – February 16, 2016 – In conjunction with its Hope@Home initiative, Camden National Bank has launched a company-wide drive to collect urgently needed items for Maine’s homeless shelters. Across all of the Bank’s 64 locations, employees, customers and local businesses are partnering together to gather personal items, toiletries and non-perishable food items for “Hope Kits” to be delivered to shelters in each of the communities Camden National Bank serves. The collection will take place throughout the month of February, and donations can be delivered to any of the banking centers in Maine. Read More >
Camden National Bank Supports Local Youth Mentoring with Renewed Commitment to Big Brothers Big Sisters of Mid-Maine
CAMDEN, Maine – February 2, 2016 – For the third year in a row, Camden National Bank has renewed its commitment to supporting local youth in Maine through its partnership with Big Brothers Big Sisters of Mid-Maine and its sponsorship and involvement with the nonprofit’s annual Bowl For Kids’ Sake fundraiser. The Bank will once again be a lead sponsor for the spring event and will coordinate local participation with employee-driven bowling teams throughout the five regional locations – Penobscot County, the Midcoast, Kennebec and Somerset Counties, and this year, Androscoggin, Oxford and Franklin Counties. Read More >
Camden National returns as Gold Sponsor of 2016 U.S. National Toboggan Championships
Camden, ME – January 28, 2016 – Camden National Bank is proud to once again lend its support to the upcoming U.S. National Toboggan Championships, this time as a returning Gold Sponsor for the annual event. Known as “Maine’s Mardi Gras,” the 2016 Toboggan Championships will take place on Friday, February 5th through Sunday, February 7th at the Camden Snow Bowl, and will feature a Mardi Gras theme to tie into the town’s weeklong Winterfest celebration. Read More >