Profile: Camden National Corporation (CAC.O)

CAC.O on Nasdaq

29.35USD
9 Feb 2010
Price Change (% chg)

$0.33 (+1.14%)
Prev Close
$29.35
Open
--
Day's High
$29.59
Day's Low
$29.15
Volume
8,930
Avg. Vol
17,966
52-wk High
$35.93
52-wk Low
$14.34

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Camden National Corporation for Camden National Bank (the Bank) and Acadia Trust, N.A. (AT). The Company is a diversified financial services provider. The primary business of the Company and its subsidiaries is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit, and commercial customers. The Company makes its commercial and consumer banking products and services available directly and indirectly through its subsidiary, Camden National Bank (CNB), and its division Union Trust, and its brokerage and insurance services through Acadia Financial Consultants (AFC). The Company also provides wealth management, trust and employee benefit products and services, through its subsidiary, AT. It also provides managerial, operational, human resource, marketing, financial management, risk management, and technology services to its subsidiaries. On January 3, 2008, the Company acquired Union Bankshares Company and its wholly owned subsidiary, Union Trust Company.

Camden National Bank

CNB, a direct, wholly owned subsidiary of the Company, is a national banking association having its principal office in Camden, Maine. CNB offers its products and services in the Maine counties of Androscoggin, Cumberland, Franklin, Knox, Lincoln, Penobscot, Piscataquis, Somerset, Waldo and York, and focuses primarily on attracting deposits from the general public through its branches, and then using such deposits to originate residential mortgage loans, commercial business loans, commercial real estate loans, and consumer loans. CNB customers may also access these products and services using other channels, including CNB’s Internet Website located at www.camdennational.com.

Union Trust Company

On January 3, 2008, the Company completed the acquisition of Union Bankshares Company and its banking subsidiary Union Trust Company. As a result of the acquisition of Union Trust, CNB operates nine Union Trust branches located throughout Hancock and Washington counties, Maine, and a Website located at www.uniontrust.com, with the same business purposes as the CNB branches.

Acadia Financial Consultants

AFC is a service brokerage and insurance division of CNB, which is in the business of helping clients meet all their financial needs by using a total wealth management approach. Its financial offerings include college, retirement, and estate planning, mutual funds, Strategic Asset Management accounts, and variable and fixed annuities.

Acadia Trust, N.A.

AT is a national banking association having its principal office in Portland, Maine. Its Internet Website is located at www.acadiatrust.com. AT provides a range of trust, trust-related, investment, and wealth management services, in addition to retirement and pension plan management services, to both individual and institutional clients. The financial services provided by AT complement the services provided by the Company's subsidiary banks by offering customers investment management services.

Company Address

Camden National Corporation

2 Elm Street
Camden   ME   04843
P: +1207.2368821
F: +1207.2366256

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