Gregory Dufour

The Camden-based, $5.2 billion bank holding company also said its short-term loan deferrals shrank during the third quarter.

The company attributed the decrease in net income to higher provision expenses in response to the pandemic, while Camden's president and CEO said the bank remains well-positioned to withstand the uncertainty caused by the crisis.

As the pandemic began to be felt during the first three months of the year, Camden National saw earnings decline slightly, while Katahdin grew its assets during the quarter.

Kennebec Savings, Camden National and Norway Savings banks were all overloaded Wednesday as many customers checked online accounts to see if their relief checks had arrived. By Thursday, most banking operations were back to normal.

What’s it like to run a bank or credit union in the midst of the ongoing health and economic crisis? To find out, Mainebiz checked in with business leaders around the state. Here’s what they told us.

Days before the federal Paycheck Protection Plan is expected to go live, Maine banks are getting ready and are already flooded with inquiries. Mainebiz talked to bank executives and other experts concerned about how the race for cash will turn out.

In Maine, bank executives and others in the financial services sector welcomed the Fed action as mainly positive for businesses and consumers in the longer term.

The bank made the pledge to the ongoing building project five months after also donating $250,000 to support another hospital expansion, at Pen Bay Medical Center in Rockport.

Camden National Bank this week awarded $22,000 in grants to six leaders of Maine nonprofit organizations.This year, more than 55 nonprofit board members were nominated by the community for a Leaders & Luminaries Award.

Delayed by a moratorium and lawsuit, the 30,000-square-foot office and retail development on Main Street in Damariscotta is ready for tenants.