Camden National Corporation's Board Authorizes Up To 6.5% Share Repurchase Program

Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ CAC; the "Company"), announced today that the board of directors of the Company has authorized the renewal of the Company's common stock repurchase program for a one-year term expiring on October 1, 2013. The 2012 Common Stock Repurchase Program will allow for the repurchase of up to 500,000 shares, or approximately 6.5% of the Company's outstanding common stock, over the next year.