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USBanker Magazine Names Camden National Corporation a aBest Performing Banka for Eighth Consecutive Year

^{Published on 2010-09-21 07:45:32 - Market Wire}
 

CAMDEN, Maine--([ BUSINESS WIRE ])--For the eighth consecutive year, USBanker magazine selected Camden National Corporation (NASDAQ: CAC) as a aBest Performing Mid-Tier Bank.a This marks the third year that the financial services company has ranked among the top 20 on the publicationa™s annual list. USBanker measures publicly traded banks with assets between $2 and $10 billion on a three-year average return on equity (ROE).

"Our consistent ranking as a Best Performing Bank is a direct result of the dedication and commitment of our customers, shareholders, communities and employees"

For the period ending Dec. 31, 2009, Camden Nationala™s three-year average ROE was 13.43 percent, positioning the company at 12^th on the list to remain the highest-ranking mid-tier bank in New England. The full ranking was published in the August 2010 issue of USBanker magazine.

aOur consistent ranking as a Best Performing Bank is a direct result of the dedication and commitment of our customers, shareholders, communities and employees,a said Gregory A. Dufour, president and chief executive officer, Camden National Bank. aWe are also fortunate that our shareholders believe in our mission to be a community bank headquartered in the state of Maine, which allows us to focus daily on serving our customers and communities. What sets us apart, though, are our dedicated employees who are passionate about our goal to be the very best we can be.a

aWhile receiving honors such as this from USBanker is important, we are also proud of the fact that we serve over 67,000 Maine households, provide jobs to nearly 422 Maine citizens, serve 34 communities, and provide philanthropic support to countless community-based organizations,a explained Dufour. aAdditionally, our investment in the state exceeds $38.5 million per year providing a significant economic contribution to our economy.a

About Camden National Corporation

Camden National Corporation, headquartered in Camden, Maine, is listed on the NASDAQ® Global Select Market (aNASDAQa) under the symbol CAC, and is the holding company employing more than 400 Maine residents for two financial services companies including Camden National Bank along with its division Union Trust, and the wealth management company, Acadia Trust, N.A. Camden National Bank, named in 2009 as the Finance Authority of Mainea™s aFinancial Institution of the Year,a is a full-service community bank with a network of 38 banking offices serving coastal, western, central, and eastern Maine. Acadia Trust offers investment management and fiduciary services with offices in Portland, Bangor, and Ellsworth. Located at Camden National Bank, Acadia Financial Consultants offers full-service brokerage and insurance services.