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Home » News » CNC Joins NASDAQ

Media Relations

Diane Norton
VP, Marketing & Communications
Camden National Bank
PO Box 310
Camden, ME 04843
p: 207-230-2176
dnorton@ camdennational.com







  

CNC Joins NASDAQ

Camden National Corporation Announces NASDAQ Listing Approval Trading Expected to Commence January 2, 2008 - 12/20/2007

CAMDEN, Maine, December 20, 2007: Robert W. Daigle, president and chief executive officer of Camden National Corporation (AMEX: CAC; the "Company"), today announced that the Company has received approval from the NASDAQ Stock Market for its common stock to be listed on The NASDAQ Global Select Market under the symbol CAC. The Company anticipates trading of its securities on NASDAQ to commence on Wednesday, January 2, 2008.

NASDAQ® is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including financial services, technology, retail, communications, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDQ Newsroom(SM) http://www.nasdaq.com/newsroom.

Camden National Corporation, a 2006 Best Places to Work in Maine company headquartered in Camden, Maine, and listed on the American Stock Exchange under the symbol CAC, is the holding company for a family of two financial services companies, including: Camden National Bank ("CNB"), a full-service community bank with 27 banking offices serving coastal, western, central and eastern Maine, and recipient of the Governor's Award for Business Excellence in 2002, and Acadia Trust, N.A., offering investment management and fiduciary services with offices in Portland and Bangor. Acadia Financial Consultants is a division of CNB, offering full-service brokerage services. As previously announced, Camden has received regulatory approval for its Agreement and Plan of Merger with Union Bankshares Company, pursuant to which Union Bankshares will merge with and into Camden (the "Merger").

This press release and the documents incorporated by reference herein contain certain statements that may be considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of the words "believe," "expect," "anticipate," "intend," 'estimate," "assume," "will," "should," and other expressions which predict or indicate future events or trends and which do not relate to historical matters. Forward-looking statements should not be relied on, because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of the Company. These risks, uncertainties and other factors may cause the actual results, performance or achievements of the Company to be materially different from the anticipated future results, performance or achievements expressed or implied by the forward-looking statements.

Some of the factors that might cause these differences include the following: changes in general, national or regional economic conditions; changes in loan default and charge-off rates; reductions in deposit levels necessitating increased borrowing to fund loans and investments; changes in interest rates; changes in laws and regulations; changes in the size and nature of the Company's competition; and changes in the assumptions used in making such forward-looking statements. Other factors could also cause these differences. For more information about these factors please see our Annual Report on Form 10-K on file with the SEC. All of these factors should be carefully reviewed, and readers should not place undue reliance on these forward-looking statements.

These forward-looking statements were based on information, plans and estimates at the date of this press release, and the Company does not promise to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.

Contact:

Suzanne Brightbill, Public Relations Officer

Camden National Corporation

207.230.2120 or sbrightbill@camdennational.com

 

 

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Camden National Bank, 2 Elm Street, P.O. Box 310, Camden, Maine 04843, Member FDIC, Equal Housing Lender Equal Housing Lender -- © 2009 Camden National Corporation, All Rights Reserved.