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December 15, 2015 < BACK
Ribbon Cutting at Camden National Bank - Bath 4:00 PM Chandler Dr. , Bath

Camden National Corporation (NASDAQ: CAC), the parent company of Camden National Bank, has successfully completed its acquisition of SBM Financial, Inc., the parent company of The Bank of Maine.

The focus of this merger will remain on expanding relationships with customers by providing them with leading-edge digital banking tools, a wide range of lending and deposit options, and robust wealth management and investment services, while still remaining an important member of the communities it serves. Camden National Bank welcomes 55,000 new customers, who will have access to 64 banking locations and over 85 ATMs across the State of Maine. Camden National Bank remains headquartered in Camden, Maine, but the merger further expands Camden National Bank’s geographic footprint in the fast-growing markets of southern Maine, including Portland, Kennebunk, Saco and York.

While the same personalized attention to customers remains unchanged, the benefits of this merger will be enjoyed across the board. On the commercial side, customers will benefit from Camden National Bank’s treasury management services and its ability to offer larger loans and lending capacity of up to $37 million. Small businesses will benefit from Camden National Bank’s strong history as a top lender for the Financial Authority of Maine (FAME) and The Bank of Maine’s strong portfolio of SBA lending. 

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