Camden National to Acquire Northway Financial for $86.6M
CACCamden National (CAC) ZACKS·2024-09-13 00:30

Camden National Corp. (CAC) has signed an agreement to acquire Northway Financial, Inc. (“Northway”) in an all-stock transaction valued at roughly 86.6million.KeyDetailsoftheAcquisitionbyCamdenNationalNorthway,foundedin1881,andbasedinNorthConway,NewHampshire,operateswith17full−servicebrancheswithastableandhigh−qualitydepositbase.AsofJune30,2024,ithadroughly86.6 million.Key Details of the Acquisition by Camden NationalNorthway, founded in 1881, and based in North Conway, New Hampshire, operates with 17 full-service branches with a stable and high-quality deposit base. As of June 30, 2024, it had roughly 1.3 billion in total assets, 0.9billionintotalloansand0.9 billion in total loans and 1 billion in deposits.Upon the closure of the tran ...