Camden National Corporation, the bank holding company for Camden National Bank, announced that it had received all necessary regulatory approvals to complete its previously announced proposed merger with Northway Financial, Inc., the parent company of Northway Bank. The transaction is expected to close on or about January 2, 2025, pending satisfaction of customary closing conditions.
“We are pleased to have quickly received the required regulatory approvals for this merger, and we remain excited to bolster our footprint into New Hampshire,” said Simon Griffiths. “We look forward to bringing these two strong, like-minded companies together to deliver excellence in service to customers and communities across this thriving market.”
After closing, Camden National will provide Northway customers with comprehensive information about the anticipated conversion of their accounts expected in mid-March 2025.
On September 9, 2024, Camden National and Northway announced they had entered into a definitive agreement to merge. On December 17, 2024, Northway shareholders approved all matters in support of the merger.
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Source – prnewswire
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