CAC | Market Cap: $912.0M (07/13/26)
Industry:
Banking

DESCRIPTION

Camden National is a community bank headquartered in Camden, Maine, operating through its wholly-owned subsidiary Camden National Bank, which was founded in 1875. Camden National serves individuals, families, and businesses across Northern New England, primarily Maine and New Hampshire, through 72 branches. In January 2025, Camden National completed the acquisition of Northway Financial, adding 17 New Hampshire branches and roughly $1.2B in assets, bringing Camden National to approximately $7.0B in total assets. Like most community banks, Camden National takes in deposits and lends that money out to consumers, businesses, municipalities, and non-profits. Net interest income — the spread between what the bank earns on loans and securities versus what it pays on deposits and borrowings — drives roughly 79% of revenues. The remainder comes from fee-based services, including wealth management, brokerage, mortgage banking, and treasury management. Camden National's wealth management arm had $2.4B in assets under administration, and Camden National's brokerage arm, Camden Financial Consultants, operates through LPL Financial. Camden National positions itself as a relationship-focused, locally-managed alternative to large regional and national banks, pairing in-person service with digital capabilities. Camden National's growth strategy focuses on deepening penetration in Southern Maine and New Hampshire, expanding commercial banking teams, cross-selling wealth management, and pursuing M&A in contiguous community banking markets opportunistically.

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