Courtesy / Camden National Bank
Barbara Raths
March 14, 2024
Camden National Bank names executive VP of commercial banking
Camden National Bank has promoted Barbara Raths, who formerly served as director of treasury management and government banking, to executive vice president of commercial banking.
Raths will focus on accelerating core commercial business development across the company's footprint and will continue to lead treasury management sales and service strategies.
Raths has worked in banking and finance for 20 years, four of which were spent cultivating treasury relationships at Camden National Bank. She has taken on increasing levels of leadership and focuses on delivering integrated financial solutions, prudent risk management, and operational excellence, the bank said.
“Barbara has an unwavering commitment to her clients,” said Simon Griffiths, president and CEO of Camden National Bank.
“Her client-centric approach will lead us to expand our relationship banking focus as we continue to drive organic growth," he continued. "Barbara’s promotion represents our strategic and thoughtful succession planning as well as the exceptional talent and bench strength within our organization. I am confident Barbara will make an excellent addition to our executive team.”
Prior to her time with Camden, Raths held positions at People's United Bank and WEX Inc.
Raths earned a bachelor’s degree in rhetoric at Bates College and an MBA with a finance concentration from the University of Southern Maine.
She chairs the board of trustees for the Maine Health and Higher Educational Facilities Authority, serves as the secretary of the board of directors for the Maine International Trade Center and is a member of the Maine District Export Council.
Camden National Corp. (Nasdaq: CAC), with $5.7 billion in assets, has 57 banking centers and additional lending offices in Maine, Massachusetts and New Hampshire.
The bank was ranked No. 3 among those with the largest market share in Maine in the 2024 Mainebiz Book of Lists, according to Maine deposits as of June 30, 2023. It is the second-largest Maine-based bank.
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