The Camden National Bank

What The Camden National Bank does

The Camden National Bank is a community bank founded in 1875 and headquartered in Camden, Maine, serving Northern New England (Maine and New Hampshire). It is a wholly-owned subsidiary of Camden National Corporation (NASDAQ: CAC), a publicly traded bank holding company. Following the January 2, 2025 all-stock merger with Northway Financial, the combined institution holds approximately $7.0 billion in total assets, operates 72-73 banking centers, and employs nearly 700 people across 73 work locations. The bank is FDIC-insured and is an Equal Housing Lender.

The bank operates four primary business lines: Personal Banking (checking, savings, mortgages, HELOCs, debit/credit cards, digital banking), Small Business Banking (checking, borrowing, BusinessTouch digital platform), Commercial Banking (commercial financing, commercial real estate, treasury management, government and nonprofit banking), and Wealth Management (Camden Financial Consultants brokerage and Camden National Wealth Management investment and trust services). Revenue is generated principally through net interest income on loans (mortgages, commercial loans, consumer loans, HELOCs), supplemented by deposit account and overdraft fees, wealth management fees, mortgage origination fees, and treasury management service fees. Its core technology is a traditional core banking platform augmented by proprietary digital products including MortgageTouch® (used for 50% of 2025 residential mortgage originations), BusinessTouch™, the Savings Center/Round Up automated savings tools, Family Wallet (launched December 2025), and iOS/Android mobile apps with integrations to Zelle®, Apple Pay, and Google Pay.

The go-to-market motion is sales-led and relationship-driven, with local decision-making across 73 banking centers, a dedicated commercial banking team for mid-market and real estate clients, a treasury management sales team for government and institutional clients (managing a $6.8 billion municipal portfolio across six states), and wealth management advisors serving high-net-worth households. The bank's competitive positioning rests on its 150-year regional brand, community commitment programs (Hope@Home, Leaders & Luminaries), and a hybrid physical-plus-digital model that pairs community-banking accessibility with modern digital tools. Customer segments span retail individuals and families, small businesses, commercial and corporate clients, government and municipalities, nonprofit organizations, and wealth management clients across the ME/NH service area.

Name

The Camden National Bank

Legal name

Camden National Bank

Website

https://camdennational.bank

Company type

Private

Founded year

1875

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Camden National Bank is a community bank founded in 1875 serving Northern New England (Maine and New Hampshire) through 73 banking centers, offering personal banking, small business, commercial lending, treasury management, and wealth management services as a subsidiary of Camden National Corporation (NASDAQ: CAC) with approximately $7 billion in combined assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940), Offices of Bank Holding Companies (551111)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

Consumer & Retail (CPG, Food, Apparel) (FSABACAM), Affluent/Premier Retail Banking (Mass Affluent) (FSABAAAG), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

Keywords

• Community banking services
• Residential mortgage lending
• Commercial real estate finance
• Wealth management services
• Treasury management solutions

Headquarters

HQ city

Camden

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including mortgages, commercial loans, consumer loans, and HELOCs. Core revenue driver for the community bank.
2. Deposit Account Fees: Monthly service fees on checking accounts (e.g., $20 for Premier Checking unless minimum balance requirements are met), overdraft fees, and other account-related charges.
3. Wealth Management: Revenue from Camden Financial Consultants and Camden National Wealth Management including investment management, financial planning, and trust services.
4. Mortgage Banking: Revenue from mortgage originations including mortgageTouch digital platform, with 50% of residential mortgages originated digitally in 2025.
5. Treasury Management Services: Fee-based treasury management services for commercial and government clients including cash management, payment processing, and government banking.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels8 records

Core offering

The Camden National Bank is a community bank providing personal and business checking, savings, debit and credit cards, residential mortgages and HELOCs, commercial lending and commercial real estate financing, treasury management for commercial and government clients, and wealth management through Camden National Wealth Management and Camden Financial Consultants. It serves retail consumers, small businesses, mid-market commercial clients, municipalities, and nonprofit organizations across Maine and New Hampshire through 72 physical banking centers and digital channels including mobile banking, online banking, MortgageTouch, and BusinessTouch.

Product overview

The Camden National Bank offers a comprehensive, multi-channel banking platform organized around four main customer segments: Personal Banking (including checking, savings, digital banking, and home lending), Small Business Banking (checking, savings, borrowing, and digital tools), Commercial Banking (checking solutions, commercial financing, real estate lending, and treasury management), and Wealth Management (investment management, financial planning, and trust services). Key digital platforms include MortgageTouch® for home equity applications and BusinessTouch™ for commercial digital banking. The bank supplements its core offerings with community-focused programs like Hope@Home, Leaders & Luminaries awards, Round Up savings automation, and the Giving Center charitable donation feature. The portfolio is unified under the Camden National Bank brand with supporting sub-brands including Camden Financial Consultants for brokerage services.

Differentiator

Problem solved

Functional benefit

Brands

• MortgageTouch®: Online mortgage application platform allowing customers to apply for home equity lines of credit and mortgages digitally.
• BusinessTouch™
• Leaders & Luminaries
• Hope@Home
• Door to More
• Family Wallet
• Savings Center
• Round Up
• Giving Center

Products and services

• Personal Checking Checking accounts for individual customers with features such as digital banking access, debit cards, and overdraft protection options.
• Personal Savings Savings accounts for personal depositors, including high-yield options, certificates of deposit (CDs), and money market accounts.
• Premier Checking Premium interest-bearing checking account with higher interest rates on balances over $2,500, unlimited worldwide ATM fee rebates, preferred CD rates, 0.25% consumer loan discount, and $500 mortgage closing credit; $20 monthly fee waivable with minimum balance thresholds.
• Digital Banking Platform Online and mobile banking platform enabling customers to access accounts, transfer funds, pay bills, deposit checks, and manage finances from anywhere via iOS and Android apps.
• Debit and Credit Cards Personal and business debit cards and credit cards with contactless payment options, ATM access, and fraud protection.
• Home Borrowing (Mortgages) Residential mortgage products including home purchase loans, refinancing, and home equity lines of credit for purchasing, building, or refinancing homes.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity allowing homeowners to borrow against their home's value; 6.24% APR (prime - 0.51%), $0 closing costs on loans $25,000-$300,000, $50 annual fee, minimum floor of 5.50% APR.
• MortgageTouch Online mortgage application platform allowing customers to apply for home equity lines of credit and mortgages digitally from phone, tablet, or computer with a streamlined application process; 50% of residential mortgages originated through this channel in 2025.
• Small Business Checking Business checking accounts for small businesses with features for managing cash flow, accepting deposits, and handling business transactions.
• Small Business Borrowing Commercial lending solutions for small businesses including term loans, lines of credit, and other financing options to support business growth.
• BusinessTouch Digital banking platform for business customers providing online access to manage business accounts, view transactions, conduct banking operations, and handle treasury services with online document upload.
• Commercial Checking Solutions Checking accounts and cash management services for commercial customers including businesses, municipalities, and institutional clients.
• Commercial Financing Commercial lending products including term loans, revolving credit facilities, and equipment financing for businesses of various sizes.
• Commercial Real Estate Lending Financing solutions for commercial real estate acquisitions, development, and refinancing for business properties and investment real estate.
• Treasury Management Services Cash management and treasury services for commercial customers including payment processing, collections, disbursements, and liquidity management.
• Government and Non-Profit Banking Specialized banking services for government entities and nonprofit organizations including municipal banking, public funds management, and nonprofit-specific account features.
• Camden Financial Consultants (Brokerage) Brokerage services and financial advisory offerings through a registered broker-dealer providing investment products and services.
• Camden National Wealth Management Comprehensive wealth management services including investment management, financial planning, and trust and estate services for high-net-worth individuals and families.
• Family Wallet Free youth banking platform for families to help children earn, save, and safely spend with parent-controlled spending and savings features.
• Hope@Home Program Community program where the bank donates $150 for every new home financed to local homeless shelters, providing unrestricted funding to address homelessness in the community.

Quantifiable outcome

• 60% of customers are digitally active with 18.9 million digital banking logins
• +4 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Dolben Co. Inc.minorStrategic or Co-development Partner · 1 October 2025Development partner for The Ledger luxury apartment complex (204-unit project in Westbrook, Maine). This marks Dolben's first multifamily development in Maine.
• Procopio Cos.minorStrategic or Co-development Partner · 1 October 2025Development partner for The Ledger luxury apartment complex (204-unit project in Westbrook, Maine). Procopio's second multifamily project in Maine.
• Spiral Giving Network, Inc.coreStrategic or Co-development Partner501(c)(3) charity partner for the Giving Center digital banking feature. Spiral Giving Network takes legal control of donations and disburses funds monthly to recommended charities, processing donations for Camden National Bank customers.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Bank of America: Money-center bank with national retail and commercial banking, including Maine and New Hampshire branches and digital channels. Competes for deposits, mortgages, and small business banking but serves a much broader market with deeper product suites.
• KeyBank: Large regional bank with commercial, retail, and wealth management offerings. Has presence in Northern New England and competes for commercial and consumer banking relationships, though as a multi-state diversified institution rather than a Maine-focused community bank.
• TD Bank (M&T Bank, post-acquisition): Large North American bank with significant retail and commercial presence in Maine and New Hampshire. Competes broadly across deposits, mortgages, and small business banking but as part of a much wider national footprint rather than a community-focused niche.
• People's United Bank (now part of M&T Bank): Northeast-focused regional bank with comparable retail, commercial, and wealth management services. Overlaps with Camden National's footprint in Northern New England as part of a larger multi-state franchise.

Direct peers

• Rockland Trust (Independent Bank Corp): Massachusetts-based community bank with personal, business, and wealth management services and New England regional presence. Co-financed The Ledger project with Camden National Bank and shares a comparable relationship-driven community banking model.
• Norway Savings Bank: Maine-chartered community bank serving individuals and businesses with retail banking, lending, and wealth services. Similar relationship-driven model and geographic overlap with Camden National Bank in Northern New England.
• Kennebec Savings Bank: Maine-based community bank focused on retail, business, and mortgage lending with comparable community-banking positioning. Operates in overlapping Maine markets, directly competing with Camden National Bank.
• Northeast Bank: Maine-based community bank offering personal, business, and mortgage lending. Comparable in regional footprint, deposit franchise, and lending focus to Camden National Bank.
• Bar Harbor Bankshares: Maine-headquartered community bank holding company with retail, commercial, and wealth management services across Northern New England. Closely comparable in geography, customer base, and product mix to Camden National Bank.
• Bangor Savings Bank: Maine-based community bank of comparable scale serving individuals, businesses, and wealth clients with retail and commercial banking across Northern New England. Directly competes with Camden National in deposit gathering, mortgage, and small business lending throughout the Maine market.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about The Camden National Bank