---
schema_version: "secwatch.filing_event.v1"
accession: "0000750686-25-000004"
form_type: "8-K"
ticker: "CAC"
cik: "0000750686"
company_name: "CAMDEN NATIONAL CORP"
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T19:13:00.433085+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Camden National completes $96.5M all-stock merger with Northway Financial

## Summary
- 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.

## SEC filing metadata
- accession: 0000750686-25-000004
- form_type: 8-K
- ticker: CAC
- cik: 0000750686
- company_name: CAMDEN NATIONAL CORP
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750686/000075068625000004/0000750686-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750686/000075068625000004/cac-20250101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750686-25-000004
- JSON: https://secwatch.observer/filing/0000750686-25-000004.json
- Plain text: https://secwatch.observer/filing/0000750686-25-000004.txt

## Key facts
- Executive change
  Larry K. Haynes was appointed as Director at CAMDEN NATIONAL CORP.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750686/000075068625000004/0000750686-25-000004-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/750686/000075068625000004/0000750686-25-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.