advertisement
November 20, 2018

Camden National Bank, a nine-time FAME ‘Lender at Work’ awardee

Courtesy / Finance Authority of Maine
Courtesy / Finance Authority of Maine
Bill Norbert, governmental affairs and communications manager for Finance Authority of Maine, and Jay Violette, FAME's board chairman, present the "Lender at Work for Maine" award to Camden National Bank's Director of Commercial Banking John Everett, at right.

About FAME

FAME is a quasi-independent state agency that provides financial solutions that help Maine people achieve their business and higher education goals. FAME, which is celebrating its 35th Anniversary, helps create a stronger Maine workforce by focusing on the nexus of economic and educational development.

About Camden National Corp.

Camden National Corp. (NASDAQ:CAC), headquartered in Camden, is the largest publicly traded bank holding company in Northern New England, with $4.2 billion in assets and nearly 650 employees. Camden National Bank, its subsidiary, is a full-service community bank with a network of 60 banking centers, 71 ATMs, and lending offices in New Hampshire and Massachusetts, all complemented by 24/7 live phone support. Greenwich Associates named Camden National Bank a 2018 Greenwich CX Leader in U.S. Retail Banking, a designation that recognizes top U.S. banks in customer experience. Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management.

The Finance Authority of Maine presented Camden National Bank with it "Lender at Work for Maine" award at its annual Showcase Maine event in Portland. The award category was reserved for lenders with over $1.5 billion in assets.

It's Camden National Bank's ninth time as a FAME awardee. Over the past year, Camden National Bank partnered with FAME on 57 loans totaling over approximately $18 million. This, in turn, helped to create 79 Maine jobs and retain an additional 566 jobs.

"Our partnership with FAME has been both inspiring and rewarding as we've helped local businesses grow with the assistance of FAME-backed loans," said Tim Nightingale, executive vice president and senior lending officer at Camden National Bank. "We're honored to accept the Lender at Work for Maine Award again this year, as it illustrates an important component of our commitment to business growth, job creation and community development here in Maine."

A key recipient of FAME-backed funding from Camden National Bank was Keeley Crane Service and Keeley Construction Co. Inc., based in southern Maine.

"Camden National Bank first approached us in 2017 to assist with our banking needs," said James F. Keeley Jr., president of Keeley Crane Service and Keeley Construction Co. Inc.. "With the guarantee from FAME, they've exceeded our expectations and helped us move into the next level of business growth. We look forward to this partnership for many years to come."

FAME also recognized Androscoggin Bank as a "Lender at Work for Maine" in the category for lenders with less than $1.5 billion in assets. In the past year, Androscoggin Bank partnered with FAME on eight loans to Maine companies totaling over $5 million, helping to create 45 Maine jobs and retain an additional 114 jobs.

Comments

Type your comment here:

Today's Poll Do you support creating a cabinet-level position to oversee the state’s energy goals and policies?<>
ADVERTISEMENTS
Most Popular on Facebook