A team of Goodwin attorneys recently represented Camden National in a merger agreement between Camden National Bank and The Bank of Maine. The merger will create Maine’s largest community bank, and the combined organization will operate under the Camden National Bank name and brand.
Camden National, founded in 1875, is the holding company for Camden National Bank and Acadia Trust, N.A, a wealth management company. Camden National Bank is a full-service community bank with 44 banking offices throughout Maine and a commercial loan office in Manchester, N.H.
The Bank of Maine, a subsidiary of SBM Financial, Inc. was organized in 1834 and is headquartered in Portland, Maine. With 24 banking centers and approximately $800 million in total assets, The Bank of Maine provides a broad range of financial services, including commercial, residential, and consumer lending, retail and commercial deposit products.