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Camden National Bank receives the “Lender at Work for Maine” award from the Finance Authority of Maine for the twelfth time

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Camden, Maine, November 28, 2022 – The Finance Authority of Maine (FAME) presented Camden National Bank with the “Lender at Work for Maine” award at its annual Showcase Maine event on November 17, 2022. This is Camden National Bank’s twelfth time as a FAME awardee, recognizing the Bank’s outstanding commitment to supporting Maine businesses and jobs. Over the past year, Camden National Bank partnered with FAME on 67 loans totaling over approximately $24 million. This, in turn, helped to create 115 Maine jobs and retain an additional 884 jobs.

“We’re honored to once again receive this inspiring recognition from FAME,” said Ryan Smith, executive vice president of Commercial Banking at Camden National Bank. “This award represents our commitment as a community bank to supporting local businesses and jobs for Maine’s long-term prosperity.”

A key recipient of FAME-backed funding from Camden National Bank was Bisson Transportation, based in in Southern Maine. “Bisson was looking for a product that our former bank was not able to provide, and the Camden Team jumped at the opportunity and made it happen. Camden has the confidence and the technology to deliver quality products like online banking and innovative loan products,” said Glen Frost senior vice president of finance at Bisson Transportation, who received lending as a result of Camden National Bank’s partnership with FAME earlier this year. “As banking transitions go, Bisson’s move to Camden was painless and smooth, there was a clear plan that was executed flawlessly."

FAME is a quasi-independent state agency that provides financial solutions that help Maine people achieve their business and higher education goals. FAME helps to create a Maine workforce that with good-paying jobs by focusing on the nexus of economic and educational development.

About Camden National Bank
Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.5 billion in assets, and was proudly listed as one of the Best Places to Work in Maine in 2021 and 2022. Founded in 1875, Camden National Bank is a full-service community bank dedicated to customers at every stage of their financial journey. With 24/7 live phone support, 58 banking centers, and additional lending offices in New Hampshire and Massachusetts, Camden National Bank offers the latest in digital banking, complemented by award-winning, personalized service. To learn more, visit CamdenNational.bank. Member FDIC. Equal Housing Lender.

Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management.

 

From left to right: FAME Acting CEO Carlos Mello and Camden National Bank’s James Adsit, Senior Vice President and Southern Maine Director of Commercial Banking. Photo credit Sharyn Peavey