Camden National completes Bank of America purchase

CAMDEN (AP) — Camden National Bank has completed its purchase of 14 Bank of America branches across Maine.

The Camden-based bank announced Monday that it completed the acquisition over the weekend.

The purchase expands Camden National's network to 50 branches and adds $300 million in customer deposits. The company says the conversion of the Bank of America branches gives it more than 30,000 new customers and 100 new employees.

With the acquisition, Camden National has expanded into Auburn, Augusta, Brewer, Gardiner, Old Town, Newport and Waterville, and increased its presence in Bangor and Lewiston.

What do you think of this story?

Login to post comments

In order to make comments, you must create a subscription.

In order to comment on SunJournal.com, you must hold a valid subscription allowing access to this website. You must use your real name and include the town in which you live in your SunJournal.com profile. To subscribe or link your existing subscription click here.

Login or create an account here.

Our policy prohibits comments that are:

  • Defamatory, abusive, obscene, racist, or otherwise hateful
  • Excessively foul and/or vulgar
  • Inappropriately sexual
  • Baseless personal attacks or otherwise threatening
  • Contain illegal material, or material that infringes on the rights of others
  • Commercial postings attempting to sell a product/item
If you violate this policy, your comment will be removed and your account may be banned from posting comments.

Advertisement

Comments

Janet Daigle's picture

Seamless transition

Seamless transition they said.... not even close. Most people I know have pulled their accounts. It has screwed up families with students out of state, some accounts changed some did not. Money did not transfer, direct deposits did not go into accounts..... just a joke.

Janet Daigle's picture

Seamless transition

Seamless transition they said.... not even close. Most people I know have pulled their accounts. It has screwed up families with students out of state, some accounts changed some did not. Money did not transfer, direct deposits did not go into accounts..... just a joke.

Advertisement

Stay informed — Get the news delivered for free in your inbox.

I'm interested in ...