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Camden National ( (CAC) ) has shared an announcement.
Camden National Corporation is set to acquire Northway Financial, Inc. in an all-stock deal valued at approximately $86.6 million, positioning itself as a leading bank in Northern New England. The merger, expected to close in the first quarter of 2025, will result in a combined entity with 74 branches, $7.0 billion in assets, and enhanced market presence in New Hampshire and Maine. The transaction is anticipated to be accretive to Camden National’s earnings per share by 2025 and 2026, with Northway shareholders owning 14% of the merged company.
See more data about CAC stock on TipRanks’ Stock Analysis page.