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.
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