Camden National Bank

Founding and maritime economy era (1875-1920) Camden National Bank was established in January 1875 The bank's founding occurred during Camden's prominence as a maritime center. The town's shipbuilding industry reached its peak in the late 19th century, with the H.M. Bean Yard launching vessels including the Charlotte A. Maxwell, the largest four-masted schooner of its time, and the George W. Wells, the first six-masted schooner ever constructed. Economic transitions and incorporation (1920-1984) The bank weathered significant economic challenges including the Panic of 1893, Great Depression, and both World Wars. After the Civil War, the railroads and the Industrial Revolution gradually brought an end to the shipping industry that had made Maine the most prosperous state in the Union. As more and more goods were manufactured in America, Americans no longer needed to import those goods from Europe. Corporate restructuring and modern banking (1984-present) The Company was founded in 1984, went public in 1997 and is now registered with NASDAQ Global Market ("NASDAQ") under the ticker symbol "CAC." This move coincided with increased investment in modernizing operations and expanding the bank's service offerings. Strategic acquisitions (2000-2025) Camden National completed several acquisitions to expand geographically in Maine: Acquisitions include: • Acadia Trust, National Association (December 1, 2016) - Portland, Maine • Northway Financial Inc. (January 2, 2025) - New Hampshire. The combined institution has $7.0 billion in assets and 73 branches. The merger closed on January 2, 2025, creating a combined institution with $7.0 billion in assets and 73 branches in Maine and New Hampshire. The transaction was Camden National's first acquisition outside of Maine. Systems conversion was completed in mid-March 2025. == Operations ==

Geographic footprint Camden National operates through a network of 72 branches and 76 ATMs across its market areas: • Maine: 56 branches • New Hampshire: 17 branches following the Northway acquisition • Massachusetts: Residential mortgage lending office in Braintree The bank also maintains commercial loan production offices in Massachusetts and provides online lending platforms for residential mortgages and small commercial loans. Service offerings Camden National provides comprehensive financial services including: Banking Services: • Commercial and industrial lending • Commercial real estate financing • Residential mortgages (1-4 family properties) • Consumer and home equity loans • Business and personal checking/savings accounts • Certificates of deposit • Digital and mobile banking platforms Specialized Services: • Treasury management services • Small Business Administration (SBA) lending • Equipment and vehicle financing • Construction and development loans Subsidiaries and divisions Camden National Wealth Management provides investment management, financial planning, retirement planning, and estate planning services. Acadia Trust, N.A. operates as the bank's trust division, offering fiduciary services, asset management, and trust solutions through offices in Portland, Bangor, and Ellsworth. Healthcare Professional Funding provides financing for dental, veterinary, and eye care providers. == Leadership ==

Executive management • Simon Griffiths - President and Chief Executive Officer Board of directors The bank's board includes business leaders from across Northern New England. Following the Northway merger completion, Camden National appointed Larry K. Haynes to Camden National's Board of Directors and Audit Committee. Mr. Haynes previously served on Northway's Board of Directors. == Regional economic role ==

Maine banking sector Camden National Bank operates 56 branches in Maine, making it the second-largest bank in the state by branch count and ranking 134th nationally. Community development The bank operates as a Community Reinvestment Act lender and maintains partnerships with the Finance Authority of Maine (FAME) for small business lending. == Industry context and competitive position ==

Northern New England banking consolidation Camden National's acquisition activity reflects regional banking consolidation trends. According to Gerard Cassidy, RBC Capital Markets' Portland-based banking analyst, consolidation momentum in the sector was expected to accelerate during 2024-2025. == Regulatory and compliance ==

Camden National Bank operates under a national charter and is regulated by the Office of the Comptroller of the Currency (OCC). The bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits. As a member of the Federal Reserve System, the bank maintains the FDIC certificate number 4255 and Fed RSSD ID 593007. == Industry recognition ==

Camden National has received workplace recognition awards. == See also ==