CAMDEN NATIONAL CORP (CAC): M&A transaction — Camden National completes $96.5M all-stock merger with Northway Financial

CAMDEN NATIONAL CORP

Each Northway share converted into 0.83 Camden National shares; ~2.3M shares issued as consideration.
Combined institution has ~$7.0B in total assets and 73 branches across Maine and New Hampshire.
Product and system conversion expected by mid-March 2025.
Larry K. Haynes appointed to Camden National Board, Audit Committee, and CNB Board, effective Jan. 2, 2025.

item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Larry K. Haynes

Director

CAC · CAMDEN NATIONAL CORP

Effective: 2025-01-01
Filed: January 2, 2025, 6:59 PM ET

On January 1, 2025, the Company's Board of Directors (the “ Board ”) increased the size of the Board by one seat and appointed Larry K. Haynes to the Board, effective upon completion of the Merger.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Larry K. Haynes was appointed as Director at CAMDEN NATIONAL CORP.

Action: appointed
Role: Director

Exact text from the filing

On January 1, 2025, the Company's Board of Directors (the “ Board ”) increased the size of the Board by one seat and appointed Larry K. Haynes to the Board, effective upon completion of the Merger.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CAMDEN NATIONAL CORP completed an acquisition involving Northway Financial, Inc. for approximately $96.5 million in shares of the Company’s common stock (closed 2025-01-02).

Action: acquisition
Counterparty: Northway Financial, Inc.
Consideration: approximately $96.5 million in shares of the Company’s common stock
Closing: 2025-01-02

Exact text from the filing

prior to the effective time of the Merger remained outstanding and was unchanged by the Merger. The total consideration payable by the Company consists of approximately $96.5 million in shares of the Company’s common stock based on the closing price of the Company’s common stock as reported on Nasdaq of $42.25 as of January 2, 2025. This description of the

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68 m&a transactions filed in the last 30 days. Browse all m&a transactions →

CAMDEN NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0000750686-25-000004

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