January 30, 2008
Camden National reports flat 2007 results
Camden National Corporation today announced that its 2007 earnings remained relatively unchanged from the previous year.
The company, which is headquartered in Camden, reported 2007 net earnings of $20.3 million, which it said was "approximately equal" to its 2006 results. Camden National saw its total assets drop $53.1 million to $1.7 billion in 2007, and loans shrink by $72.5 millon to $1.1 billion because of what the company said was its "conservative posture" in commercial real estate lending activity.
The company, which is headquartered in Camden, reported 2007 net earnings of $20.3 million, which it said was "approximately equal" to its 2006 results. Camden National saw its total assets drop $53.1 million to $1.7 billion in 2007, and loans shrink by $72.5 millon to $1.1 billion because of what the company said was its "conservative posture" in commercial real estate lending activity.
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