Seeking Alpha

Camden National Corp. (CAC)

  • Mon, Mar. 30, 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.
    • Source: Press Release
    | Comment!
Visit Seeking Alpha's
CAC vs. ETF Alternatives
Company Description
Camden National Corp is a bank holding company. The Company attracts deposits from the general public and use those funds to originate a variety of commercial and consumer loans.