CAMDEN, Maine, April 6, 2012 /PRNewswire/ -- For the second consecutive year, Camden National Corporation, (NASDAQ: CAC), the holding company for Camden National Bank and Acadia Trust, N.A., has been named to the prestigious 2011 "Bank Honor Roll" of superior performers by Keefe, Bruyette & Woods (KBW). Camden National Bank is the largest independent publicly traded bank headquartered in Maine.
"We are honored to be included in this group of 45 high performing banks and to be one of 28 returning members to make the list," said Gregory Dufour, president and chief executive officer of Camden National Corporation. "This recognition reflects the dedication of our employees as well as strong support from our customers and shareholders."
Termed "beacons of growth in a growth-challenged industry," KBW Honor Roll members are publicly traded banking companies with more than $500 million in total assets that meet the following three conditions:
- No annual loss reported in net income per-share before extraordinary items over the past 10 years.
- 2011 annual reported net income per-share before extraordinary items equal to or greater than peak net income per-share over the past 10 years.
- Consecutive increases in net income per-share before extraordinary items since 2009.
Camden National Corporation, recently recognized by Forbes magazine as one of "America's Most Trustworthy Companies, is the holding company employing more than 400 Maine residents for two financial services companies including Camden National Bank and the wealth management company, Acadia Trust, N.A. Camden National Bank is a full-service community bank with a network of 38 banking offices throughout Maine. Acadia Trust offers investment management and fiduciary services with offices in Portland and Ellsworth. Located at Camden National Bank, Camden Financial Consultants offers full-service brokerage and insurance services.
SOURCE Camden National Corporation