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August 22, 2023

Camden National Bank CEO will retire in December, successor named

person in bank lobby FILE PHOTO / TIM GREENWAY Greg Dufour will retire as president and CEO of Camden National Bank in December.

The longtime president and CEO of Camden National Bank, Greg Dufour, will retire at the end of the year and be succeeded by a top executive of Boston-based Citizens Bank.

Dufour, 63, will remain with Camden National for several months as an adviser after stepping down from his current role on Dec. 31, according to a news release Monday afternoon. Simon Griffiths will join Camden National in November as executive vice president and chief operating officer, and will become president and CEO on Jan. 1, 2024.

Griffiths, 50, has most recently worked as executive vice president and head of core banking at Citizens, managing its retail and business channels including nearly 1,100 branches. He was also responsible for commercial real estate, deposit and checking business, and new market expansion.

Prior to joining Citizens in 2015, Griffiths was executive vice president and managing director of retail network at Santander Bank. He started his financial services career in 2002 at Washington Mutual Bank, later acquired by JPMorgan Chase & Co., and holds a bachelor of laws degree from the University of Sheffield in England.

Courtesy / Camden National Bank
Simon Griffiths will become president and CEO of Camden National Bank on Jan. 1, 2024.

Griffiths owns a seasonal home in Hancock County and plans to relocate with his family to Maine in order to join Camden National.

"It is a great privilege for me to join Camden National during a time that holds great opportunity for growth with an organization so deeply rooted in the communities it serves," said Griffiths.

Long legacy

Dufour joined Camden National as senior vice president of finance in 2001 before being named president of Camden National Bank in 2004 and president and CEO of Camden National Corp. in 2009.

Under Dufour's leadership, Camden National Bank has grown assets from $2 billion to $5.7 billion today. The bank has expanded to operate 57 banking centers throughout Maine as well as three loan production offices in Massachusetts and New Hampshire.

Over the years, Dufour has also served Maine communities as a trustee of both the Coastal Healthcare Alliance and of MaineHealth, where he chaired the board from 2020 to 2022. He has also been active in other community and industry organizations, and played a lead role in establishing Camden National's Hope@Home program, which helps fund local homeless shelters.

"It has been an honor to serve as Camden National's president and CEO," said Dufour. "In my 22 years with Camden National, I have been fortunate to work with a great team of fellow employees and our board of directors in serving our customers, communities, shareholders and each other.

"I am delighted that our board of directors has selected a successor with deep experience and commitment to guide the bank into the future. I look forward to working closely with Simon and the executive team to ensure a smooth transition."

The appointment of Griffiths follows a national search by an executive recruiting firm and overseen by Lawrence Sterrs, Camden National chair.

"On behalf of the board of directors, I want to thank Greg for his tremendous contributions and for stewarding Camden National through sustainable disciplined growth and purpose, highlighted by outstanding performance, superior customer experience, and commitment to our communities over the last two decades," said Sterrs.

Camden National Corp. (Nasdaq: CAC) is the largest publicly traded bank holding company in northern New England with $5.7 billion in assets. Camden National Bank was founded in 1875.

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