|The Company, Camden National Corporation traces its roots back to the founding of Camden National Bank in 1875. In January 1984, the shareholders of Camden National Bank (CNB) exchanged their shares of the Bank for shares of the Company. In December 1995, the Company merged with UnitedCorp, a bank holding company headquartered in Bangor, Maine, and, as a result, acquired 100% of the outstanding stock of United Bank, with its principal office in Bangor, Maine, and 51% of the outstanding stock of Trust Company of Maine (TCOM). |
On October 7, 1997, the Company listed its common shares on the American Stock Exchange using the ticker symbol CAC.
On December 20, 1999, the Company acquired KSB Bancorp, Inc., a publicly held, bank holding company with one principal subsidiary, Kingfield Savings Bank, a Maine-chartered stock savings bank with its principal office in Kingfield, Maine. On February 4, 2000, the Company merged its United Bank and Kingfield Savings Bank subsidiaries and created UnitedKingfield Bank (UKB), headquartered in Bangor, Maine. On January 3, 2008, the Company acquired Union Bankshares Company, a bank holding company with one principal subsidiary, Union Trust Company, a Maine-chartered stock savings bank with its principal office in Ellsworth, Maine.
The Company acquired Acadia Trust, N.A. and Gouws Capital Management, Inc. as its principal wealth and investment management subsidiaries on July 19, 2001. It subsequently purchased the outstanding minority interest of TCOM on October 24, 2001. Gouws Capital Management and TCOM were subsequently merged into Acadia Trust, N.A., and the resulting organization now provides a broad array of wealth, investment management, and retirement services.
Camden National Bank, a direct, wholly owned subsidiary of the Company, is a national banking association with its principal office in Camden, Maine. Originally founded in 1875, CNB became a direct, wholly owned subsidiary of the Company as a result of a January 1984 corporate reorganization in which the shareholders of CNB exchanged their shares of stock in CNB for shares of stock in the Company. On September 30, 2006, Camden National Bank and UnitedKingfield Bank joined together as one bank. On February 22, 2011, Union Trust Company joined them under the Camden National Bank name. CNB offers its products and services primarily in coastal, western, central and eastern Maine, and it focuses primarily on attracting deposits from the general public through its branches and using such deposits to originate residential mortgage loans, commercial business loans, commercial real estate loans, and a variety of consumer loans. During 2001, CNB introduced Acadia Financial Consultants, now Camden Financial Consultants, a full-service brokerage and insurance division of the Bank. CNB customers may also access these products and services using other mediums, including CNB's Internet Web site located at CamdenNational.com . CNB is a member bank of the Federal Reserve System and is subject to supervision, regulation and examination by the Office of the Comptroller of the Currency (the OCC). The Federal Deposit Insurance Corporation (the FDIC) insures its deposits up to the maximum amount permitted by law.
Acadia Trust, N.A., a direct, wholly owned subsidiary of the Company, is a national banking association chartered under the laws of the United States with a limited purpose trust charter with its principal office in Portland, Maine. It also offers its products and services at additional offices in Bangor and Ellsworth, Maine.
Acadia Trust, N.A. provides a broad range of trust, investment and wealth management services to both individual and institutional clients. The financial services provided by Acadia Trust, N.A. complement the services provided by the Company's subsidiary bank by offering customers investment management services. Acadia Trust, N.A. is a member bank of the Federal Reserve System and is subject to supervision, regulation and examination by the OCC.
Camden National Bank, Member FDIC, Equal Housing Lender -- © 2011 Camden National Corporation, All Rights Reserved.