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Announced

Camden to acquire Northway for $87m.

Synopsis

Camden, a commercial banking company, agreed to acquire Northway, a bank holding company, for $87m. "Camden National and Northway share a similar culture, consistent credit and risk profiles, and deep commitment to the communities we serve. This union will increase our size and scale, and bolster our presence in New Hampshire, which we believe will drive profitability and shareholder value. Our customers, employees, and communities will significantly benefit from broader product offerings, higher lending limits, and an enhanced customer experience," Simon Griffiths, Camden National President and CEO.

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