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Michael Archer Named Executive Vice President, Chief Financial Officer at Camden National Corporation

Camden, Maine, December 14, 2021 – Camden National Corporation (NASDAQ:CAC) (the “Company”), the holding company of Camden National Bank announced Michael “Mike” Archer has been named Executive Vice President, Chief Financial Officer for the Company effective January 3, 2022. Upon effectiveness, Mr. Archer will serve as the Company’s principal financial officer and principal accounting officer. Mr. Archer has served as Senior Vice President and Corporate Controller of the Company since 2016. He succeeds Gregory White who recently resigned for personal reasons.

“I want to thank Greg White for his many contributions and wish him all the best,” said Greg Dufour, President & CEO of Camden National Corporation. “Mike’s appointment is a natural progression of our succession planning and facilitates a seamless transition. He has been an integral member in every aspect of our financial management and brings a depth and breadth of technical and public accounting experience that will enrich the executive management team, while enabling us to execute successfully on our strategic objectives in 2022 and beyond.”

Mr. Archer, a Certified Public Accountant (CPA), joined the Company in October 2013 as Vice President, Corporate Controller and ascended to Senior Vice President and Corporate Controller in 201 6, after spending 7 years at PriceWaterhouseCoopers, LLP. Mr. Archer holds a Bachelor of Science of Accounting and Masters of Science in Business Administration from Husson University and is a recent graduate of the ABA Stonier Graduate School of Banking and leadership certificate from The Wharton School of the University of Pennsylvania. Mr. Archer is a member of the Board of Directors for Jobs for Maine Graduates, serving on the Finance Committee; a member of the local little league board of directors, Five Town Little League; and serves on the Town of Rockport Recreational Committee. A native of Ellsworth, Maine, Mike currently lives in Rockport, Maine with his wife and two children.

About Camden National Bank
Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $5.2 billion in assets and approximately 600 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden, Maine. Dedicated to customers at every stage of their financial journey, the bank offers the latest in digital banking, complemented by personalized service with 58 banking centers, 24/7 live phone support, 68 ATMs, and additional lending offices in New Hampshire and Massachusetts. For the past three years, Camden National Bank was named a Customer Experience (CX) Leader by independent research firm, Greenwich Associates. In 2021, it received awards in two CX categories: U.S. Retail Banking and U.S. Commercial Small Business. The Finance Authority of Maine has awarded Camden National Bank as Lender at Work for Maine for eleven years, and the bank was included in the 2021 list of Best Places to Work in Maine. Member FDIC. Equal Housing Lender.

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