Camden National Corporation

What Camden National Corporation does

Camden National Corporation is a publicly traded bank holding company (NASDAQ: CAC) headquartered in Camden, Maine, operating as the largest publicly traded bank holding company in Northern New England. Through its primary subsidiary Camden National Bank, the company provides a comprehensive suite of financial services — personal checking, savings, mortgages and home equity lending, personal loans, small business banking, commercial financing, commercial real estate lending, treasury management, government and non-profit banking, and wealth management — to individuals, small businesses, commercial clients, government entities, and high-net-worth households across Maine and New Hampshire. Its distribution model combines 72 physical banking centers with a digital banking platform spanning iOS/Android mobile apps, an online portal, and two specialized vertical portals: MortgageTouch for home lending and BusinessTouch for commercial banking. Wealth and brokerage services are offered through wholly owned subsidiaries Camden Financial Consultants and Camden National Wealth Management.

The company generates revenue primarily through net interest income from its loan portfolio (commercial real estate, residential mortgages, consumer loans, and business lending) net of interest paid on deposits, supplemented by non-interest income from deposit account fees, wire and ATM fees, treasury management fees, and wealth management/advisory fees. The go-to-market is community-led: relationship-driven banking emphasizing local decision-making authority, combined with direct-to-consumer digital acquisition through mobile and online enrollment. Distribution is regional and hybrid, anchored by physical branches and layered with self-serve digital channels and field-based direct sales for mortgages (MortgageTouch) and commercial banking. Customer segmentation is horizontal — split across consumers, small businesses, commercial/corporate, and government/institutional — with no single segment dominating. Recent AI tooling (Candid IQ, PrepIQ, LoanIQ, launched Q1 2026) targets internal banker productivity and loan decision automation, and the Northway Financial acquisition (closed Q1 2025, ~$86.6 million) doubled the scale of operations to roughly $7.0 billion in total assets.

Name

Camden National Corporation

Legal name

Camden National Bank

Website

https://camdennational.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Camden National Corporation is a publicly traded bank holding company (NASDAQ: CAC) and the largest in Northern New England, operating 72 banking centers across Maine and New Hampshire with approximately $7.0 billion in assets, serving consumers, small businesses, commercial clients, government entities, and wealth management customers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Offices of Bank Holding Companies (551111), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Real Estate (Commercial Property, REITs) (FSABACAH), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

Keywords

• Community banking services
• Commercial lending
• Residential mortgages
• Wealth management
• Treasury management

Headquarters

HQ city

Camden

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from loans and securities minus interest paid on deposits. Primary revenue driver for the bank holding company, generated from commercial real estate, residential mortgages, consumer loans, and business lending.
2. Non-Interest Income: Fee income from banking services including deposit account fees, wire transfer fees, ATM fees, wealth management fees, and other financial services revenue.
3. Wealth Management: Revenue from financial consultants and wealth management services including investment management, trust services, and estate planning.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Camden National Corporation is a publicly traded bank holding company whose primary subsidiary, Camden National Bank, provides a full range of community banking products and services across Northern New England. Offerings span personal checking and savings, mortgages and personal loans, small business banking and lending, commercial financing and real estate lending, treasury management, government and non-profit banking, and wealth management including investment advisory, trust, and estate services. The bank distributes these services through 72 physical banking centers in Maine and New Hampshire complemented by mobile and online banking channels.

Differentiator

Problem solved

Functional benefit

Brands

• MortgageTouch®: Digital mortgage application platform for home borrowing
• BusinessTouch®
• Door to More
• Camden Financial Consultants
• Camden National Wealth Management
• Round Up

Products and services

• Personal Checking Personal checking account offerings for individuals, providing everyday banking with rewards and digital account access for consumers in Maine and New Hampshire.
• Personal Savings Savings accounts for individuals designed to help set aside funds for short-term and long-term financial goals, with rates available on the bank's rates page.
• Digital Banking Mobile and online banking platform enabling customers to bank on-the-go, access accounts 24/7, make mobile deposits, and manage finances remotely via iOS, Android, and web channels.
• Debit and Credit Cards Personal and business debit and credit card products with rewards and digital wallet integration, supporting everyday spending and credit needs for consumers and businesses.
• Home Borrowing Residential home lending products including home purchase mortgages, construction loans, refinancing, and home equity lines of credit (HELOC) for individual borrowers.
• MortgageTouch Online digital mortgage application platform that allows customers to apply for home purchase, construction, and refinancing loans from anywhere.
• Personal Borrowing Personal loan products for individual borrowing needs beyond home financing.
• Small Business Checking and Savings Business checking and savings account solutions designed for small business banking needs, with digital management tools and Community Banking team support.
• Small Business Borrowing Lending solutions for small businesses including working capital loans and financing for business expansion.
• BusinessTouch Digital banking platform for businesses enabling commercial account management and treasury operations online.
• Commercial Financing Commercial lending products including term loans, lines of credit, and specialized financing solutions for business growth, delivered with industry-specific expertise.
• Commercial Real Estate Lending Financing solutions for commercial property acquisition, development, and investment, tailored to real estate developers and commercial property investors.
• Treasury Management Services Cash management and treasury solutions for commercial clients including receivables management, payables, and liquidity solutions.
• Government and Non-Profit Banking Specialized banking services for government entities and non-profit organizations, led by experienced advisors with institutional banking expertise.
• Camden Financial Consultants (Brokerage Services) Brokerage and investment services offered through a separate brand subsidiary, providing securities and investment products to clients.
• Camden National Wealth Management Comprehensive wealth management services including wealth planning, investment management, and trust and estate services for high-net-worth individuals and families.
• Candid IQ AI-powered platform designed to enhance banker productivity and loan decision-making efficiency at Camden National Bank.

Quantifiable outcome

• 199% increase in net income and 200% increase in diluted EPS compared to Q1 2025
• +4 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature6 records

Partnerships

One partnership is on record.

• Northway Financial, Inc.coreStrategic or Co-development Partner · 2 January 2025Camden National Bank completed its merger with Northway Financial, Inc. in an all-stock transaction valued at approximately $86.6 million. The acquisition was completed in Q1 2025 and expanded Camden National's presence in New Hampshire and Maine, increasing total assets to approximately $7.0 billion and the branch network to 72 banking centers.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Bar Harbor Bankshares: Maine-headquartered community bank holding company (NYSE: BHB) operating across Northern New England with a similar mix of retail, commercial, and wealth management banking — the most directly comparable peer to Camden National by geography and product set.
• Brookline Bancorp: Greater Boston / New England community bank holding company (NASDAQ: BRKL) offering deposit, lending, and wealth management services — directly comparable community-banking franchise operating in adjacent New England markets.
• Northeast Bank: Maine-chartered community bank (NASDAQ: NBNK) with a similar Northern New England footprint, focusing on commercial lending and retail banking — a closely aligned regional peer.
• Tompkins Financial: New York-based regional bank holding company (NYSE: TMP) with a community-bank model spanning retail, commercial, and wealth management — a comparable mid-size regional banking peer in the Northeast.
• Eastern Bankshares: Massachusetts-based community bank holding company (NASDAQ: EBC) with a similar mix of retail, small business, and commercial banking across the broader New England region — comparable size, products, and customer segments.

Broad incumbents

• Flushing Financial: New York metropolitan community bank holding company (NASDAQ: FFIC) with comparable deposit and commercial real estate lending focus — a relevant community-bank peer for product-mix comparison.
• OceanFirst Financial: New Jersey-based community bank holding company (NASDAQ: OCFC) with similar commercial, retail, and CRE lending mix — a comparable mid-size regional bank peer with overlapping business model.
• First Busey Corporation: Multi-state community bank holding company (NASDAQ: BUSE) with comparable scale, retail/commercial mix, and wealth management services — relevant broader peer for community-bank benchmarking.
• S&T Bancorp: Pennsylvania-based community bank holding company (NASDAQ: STBA) with similar commercial, retail, and wealth management product mix — a comparable mid-Atlantic community-bank operator at a similar scale.
• KeyCorp: Cleveland-based regional bank holding company (NYSE: KEY) with material presence in Northern New England (KeyBank branches in Maine). Larger incumbent competitor for retail, commercial, and wealth customers in Camden National's footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/camdennational
• YouTubeyoutube.com/user/CamdenNational
• Facebookfacebook.com/app_208195102528120
• LinkedInlinkedin.com/company/camden-national-corporation
• Instagraminstagram.com/camdennational

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Camden National Corporation