Camden National Corporation to Merge with Northway Financial, Inc.

By Tamara Parker • Saturday, December 21 10:25 • Permanent Link

Camden National Corporation has received all necessary regulatory approvals to complete its proposed merger with Northway Financial, Inc. The transaction is expected to close on or about January 2, 2025, pending satisfaction of customary closing conditions. The merger, which was announced on September 9, 2024, and approved by Northway shareholders on December 17, 2024, will see Camden National expanding its footprint into New Hampshire.

Camden National Corporation, the bank holding company for Camden National Bank, has $5.7 billion in assets and 57 branches in Maine and New Hampshire. After the merger, Camden National will provide Northway customers with comprehensive information about the anticipated conversion of their accounts expected in mid-March 2025.

The press release did not include specific financial metrics or performance changes. Today the company's shares have moved 2.7% to a price of $43.42. For more information, read the company's full 8-K submission here.

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