Camden National relocates to new banking center in Damariscotta

Courtesy / Camden National Bank From left, Randy Cruz, Camden National Bank’s Damariscotta banking center manager; Greg Dufour, president and CEO, Camden National Bank; Matt Lutkus, Damariscotta town manager; Jennifer Ober, Ecumenical Food Pantry board chair; Commercial Properties CEO Daniel Catlin; and Jennifer Mirabile, executive vice president and managing director of Camden National Wealth Management cut the ribbon on Camden National’s new banking center.

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By Staff

Camden National Bank hosted a ribbon-cutting yesterday to celebrate the opening of its new, 2,700-square-foot banking center at 435 Maine St. in Damariscotta.

Local employees, chamber members, businesses, and supporters joined the gathering. Previously located at 4 Coastal Market Drive in Damariscotta, the bank officially opened for business at its new location in Camden National Bank Plaza on March 2, according to a news release.

“It was wonderful to celebrate our new open-concept, state-of-the-art banking center with the Damariscotta community,” Greg Dufour, the bank’s president and CEO, said in the release. “As we continue investing in our branch network and local communities, we’re always looking for ways to better serve our customers and provide personalized financial expertise, local decision making, and exceptional service, whether they choose to bank in person or online.”

The building, designed by Gawron Turgeon Architects of Scarborough, includes a “high-tech, high-touch banking center,” according to Camden National.

Commercial Properties of Portland developed the plaza as a three-building mixed use development. In addition to the bank building, it includes a 22,000-square-foot building for two retail spaces and a 5,525-square-foot building with three commercial spaces.

At the ribbon-cutting, Camden National also presented a $2,500 donation to the Ecumenical Food Pantry, which distributes over 2,000 pounds of healthy food each week to residents of Damariscotta, Newcastle, Nobleboro and the larger community.

In January, Camden National Corp. (Nasdaq: CAC), the holding company of Camden National Bank, reported record earnings for 2019, but was also planning to close three Maine branches.

About Camden National Corp.

Camden National Corporation (NASDAQ:CAC) is the largest publicly traded bank holding company in Northern New England with $4.4 billion in assets and 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden.