Camden National Completes Acquisition of Northway Financial

Camden National ( (CAC) ) has shared an update.

Camden National Corporation completed the acquisition of Northway Financial, Inc. on January 2, 2025, in an all-stock transaction valued at $96.5 million. This merger enhances Camden National’s market presence in New Hampshire, promising significant earnings accretion and operational synergies, which are expected to bolster its growth strategy and stakeholder value.

More about Camden National

Camden National Corporation is a publicly traded bank headquartered in Northern New England, known for its high-quality franchise with $7.0 billion in assets, $5.0 billion in loans, and $5.6 billion in deposits. It operates 73 branches with over 700 employees and focuses on providing financial services, including core banking and wealth management.

YTD Price Performance: 7.32%

Average Trading Volume: 69,195

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $766.7M

See more data about CAC stock on TipRanks’ Stock Analysis page.