CAMDEN NATIONAL Business Summary

Camden National Corp (NASDAQ: CAC) operates as the largest publicly traded bank holding company in Northern New England, generating revenue primarily through net interest income from a $7.0 billion asset base and non-interest income via service charges, mortgage banking, and wealth management fees. The company’s business is structured into three primary segments: Commercial Banking, which focuses on middle-market lending and treasury services; Retail and Mortgage Banking, providing consumer deposits and residential financing across 72 branches in Maine and New Hampshire; and Camden National Wealth Management, which oversees approximately $2.4 billion in assets under administration. Following its 2025 acquisition of Northway Bank, the firm has solidified its market position as a dominant regional player, competing directly with Bangor Savings Bank, NBT Bancorp (NBTB), and First Busey (BUSE) by leveraging a high-touch community banking model integrated with a robust digital engagement platform. Founded in 1875, the corporation is currently led by President and CEO Simon Griffiths, who joined in 2024 with extensive executive experience from Citizens Bank and Santander. The leadership team includes Executive Vice President and CFO Michael R. Archer, a former PricewaterhouseCoopers specialist who has managed the company’s financial strategy since 2022, and EVP/Chief Technology Officer William Martel, who directs the firm’s digital transformation initiatives. The Board of Directors is chaired by Marie McCarthy, the former Chief Operations Officer of L.L.Bean, whose appointment in early 2026 underscores the bank's deep ties to Maine’s corporate leadership. Other notable board members include Craig Denekas, CEO of the Libra Foundation, ensuring a governance structure rooted in regional economic development and institutional stability.