Message #8 From:
NewsBot Date: September 22, 2006 08:53:00 AM
CAC News Camden National Corporation Named Among Top Mid-Tier Banks in U.S.
CAMDEN, Maine--(BUSINESS WIRE)--Sept. 22, 2006--For the fourth consecutive year, Camden National Corporation (AMEC: CAC; the "Company") has been ranked among the top 100 publicly traded mid-tier banks nationwide, according to the September 2006 edition of US Banker.
US Banker 's annual ranking measures publicly traded banks, with between $1 billion and $10 billion in assets, on three-year average return on equity (ROE). For the period ending December 31, 2005, Camden National Corporation's three-year average ROE of 17.2% places the Company 35th in this annual ranking. This is an improvement from 52nd at the end of 2004, 59th in 2003 and 74th in 2002.
"We are very pleased to continue to receive national recognition for the Company's top performance," notes Camden National Corporation President and Chief Executive Officer Robert W. Daigle. "Inclusion in this annual ranking in US Banker broadens the exposure of Camden National Corporation to a wide range of customers and investors alike who value community banking and appreciate our commitment to provide the best in service and efficiency."
Camden National Corporation, headquartered in Camden, Maine, and listed on the American Stock Exchange, the Russell 3000(R) and the Russell 200(R) under the symbol CAC, is the holding company for a family of three financial services companies, including: Camden National Bank (CNB), a full-service community bank with 12 banking offices serving Midcoast, Kennebunk and Portland Maine, and recipient of the Governor's Award for Business Excellence in 2002; UnitedKingfield Bank (UKB), a full-service community bank with 15 offices serving Central, Eastern and Western Maine; Acadia Trust, N.A., offering investment management and fiduciary services with offices in Portland and Bangor. Acadia Financial Consultants is a division of CNB and UKB, offering full-service brokerage services.
Statements in this news release concerning future results, performance, expectations or intentions are forward-looking statements. Actual results, performance or developments may differ materially from forward-looking statements as a result of known or unknown risks, uncertainties, and other factors, including those identified from time to time in the Company's other filings with the Securities and Exchange Commission, press releases and other communications. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of said safe harbor provisions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Except as required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
