Mar. 30, 2015, 12:04 PM
- With estimated cost savings of 37% of The Bank of Maine's pre-tax noninterest expense and an anticipated closing date in Q3, the deal is expected to be mid-teens accretive to Camden National's (CAC +1.4%) EPS starting in 2016.
- Consideration is a combination of cash and CAC stock valued at about $135M.
Camden National Corp. (Maine) operates as a bank holding company for Camden National Bank. The primary business of the company and its subsidiaries is to collect deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. It makes its... More
Industry: Regional - Northeast Banks
Country: United States
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