The Camden National Bank (ME)

Overview / Commentary
2 Elm Street
Camden, ME 04843

The Camden National Bank (ME) is headquartered in Camden and is the 2nd largest bank in the state of Maine. It is also the 249th largest bank in the nation. It was established in 1875 and as of June of 2019, it had grown to 640 employees at 62 locations. The Camden National Bank (ME) has an A+ health rating.

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They're Just Like All The Others...

Posted by: MaineGuy | Jun 12, 2012

Yup, Camden National has finally lowered itself to the level of the national behemoth banks. Differentiating factors were the ATM fee reimbursements and free checking. Now, that's gone, based on a letter I received today. I suppose it doesn't matter a whole lot as there are other financial institutions in the Rockland, Maine area that will--including where my spouse banks. So, it's over to them. It was a good year since I gave up on TD Bank in Rockland--now there's no daylight between the two.

Overdraft Fees Handed Out Without Discretion

I had heard frequently upon moving to Maine that the local Bank was terrible to deal. However, since it is the only bank available to the Island residents it is not as if there is a choice.
The clerks are mostly local, professional, courteous and really attempt to solve any problems that may arise. Unfortunately they are hampered by a mainland Manager who despite being an employee for twenty years at this bank or perhaps because of that fact, is not only arrogant but takes any complaint as if it is against her personally. Re-training or perhaps another career might be in order here?

The bank's overdraft policy of charging $35.00 no matter how small the overdraft seems to be not only unethical but unprincipled. I frequently check the account when I know I am going to use it as I always leave a small balance therein. I have discovered that sometimes even pending items are not posted so the balance is off. This is a problem that I know must be caused by the algorithms of the program that the bank is using and I wonder if it is purposefully designed to create that outcome.
I have filed a complaint with the Federal Consumer Financial Protection bureau which will follow up on this. For those that are not aware of this Agency the phone number is 855-411-2372

The other item that I find excessive is the charge for a bank draft of $4.00 or perhaps it is now $5.00.

I am sincerely pleased that I kept all my accounts open at the Credit Union I have used for many years in another State. They always call if there is a problem so their customer will have the opportunity to transfer money from one in house account to another. And, guess what... no additional charge for that courteous service just a sincere intent to keep their customer base thriving.
I suggest that Camden National Bank could use that Credit Union's service mandate as a goal in keeping with the 'Service' claims that Camden touts so loudly in their advertising and their website.

Do NOT Use This Bank!

I was a long time customer of Bank of America and Camden National bought them out a few years ago in my area so I ended up becoming their customer. I am a full time working mom, college graduate and I've never even had a speeding ticket, yet this bank treated me as if I were a criminal.

I have direct deposit through my work and other income that goes directly into my account each month. A few of the direct deposits were caught up for reasons unbeknownst to me and it got caught late so there were several overdraws on my bank account. This obviously caused several insufficient fund fees which I called the bank about several times and alerted them, worked with them and paid every one as soon as possible (and almost immediately). Though embarrassing as it was, I worked through it and got it all taken care of. I was also going through a divorce at the time which I also made very clear to the bank. After poor customer service throughout this process, I decided to go to another local bank. During the middle of switching all of my accounts over, I was called by a bank manager from Camden (at my place of employment) & subsequently, by a member of their "security team" and essentially called a criminal for "suspicious" activity on my account, I was asked a bunch of questions and clearly warned to be careful with what I'm doing. (whatever that meant). It was very upsetting, to say the least.

Months later, I signed up for a savings account with a new bank for my children to share and was told they could not give me an account because Camden National Bank was saying I owed them outstanding fees on my banking report. WHAT? I had closed the account with a ZERO balance - they actually had to mail me a $.47 check, but somehow months later I "owed them fees". I called the bank to fix the issue and was told it was their mistake and they would fix it, that I did not owe them money. I already knew that but had I not been told by someone at a different bank that they put this on my banking record, I would have had no idea.

Poor, poor business practices. Poor banking, poor customer service and just bad form. The whole experience is still upsetting!

Bank Pratices

Posted by: dm7437 | Dec 29, 2016


I just wanted everyone to know who does business with Camden National Bank that they hold large check transactions for 7 plus days, I deposited a check that was taken from my business account on Dec 21, 2016 one day after depositing the check at Camden National Bank, Camden National bank held the check and will not free up the funds until 12/30/2016. What they do is just earn interest on the money for over a week, add this up to many accounts and this creates a good profit for them to handle you money, This is a very outdated practice in today's world, stay away as there business model and support is horrible on a good day



Health Grade Components

FDIC Certificate #4255
Year Established1875
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD11.94%
Annual Interest Income$84.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$4.43B$4.18B
LoansQ2 2019vs Q2 2018$3.09B$2.86B
DepositsQ2 2019vs Q2 2018$3.62B$3.08B
Equity CapitalQ2 2019vs Q2 2018$501.5MM$445.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$26.2MM$23.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$11.3MM$11.0MM
Real Estate OwnedQ2 2019vs Q2 2018$130.00K$130.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Camden National Bank (ME) Savings Account Rates

0.10%*$5k*-Health Savings Account
OTHER TIERS: 0.05% Up to $5k
0.10%--Pennys Piggy Bank Savings Club
0.10%*$5k*-Business Health Savings Account
OTHER TIERS: 0.05% Up to $5k
0.07%*$100k*-Promise Savings Account
OTHER TIERS: 0.05% Up to $100k
0.07%*$100k*-Business Promise Savings Account
OTHER TIERS: 0.05% Up to $100k
0.05%$5-Select Savings Club

The Camden National Bank (ME) Money Market Rates

0.20%*$250k*-Promise Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k | 0.15% $100k - $250k
0.20%*$250k*-Business Promise Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k | 0.15% $100k - $250k

The Camden National Bank (ME) Checking Account Rates

0.20%$2.5k$50kNon-Profit Checking
0.05%$2.5k-Promise Premier Account


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